Rand reverses 2001 downtrend

The rand has now recovered the value it lost last year and was trading at around ZAR8 per dollar last week. It hit an all-time low of ZAR13.8 in December 2001. In that year, the currency fell by around 40% against the dollar and became the subject of an official inquiry concluded last year.

The South African FX market has been dragged from its former one-way decline by a variety of factors, analysts said. Increasing geopolitical tensions over the past year have led to sharp spikes in gold prices

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: