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Picture: Supplied.

Rand dollar exchange rate

Rand firmer against dollar, seen on backfoot

The rand traded at R14.9150 versus the greenback, as of 0513 GMT, 0.13% stronger compared with its overnight close.

  • South African rand. Picture: Christa Eybers/EWN

    Rand steadies as oil crisis fears ease

    At 0630 GMT the rand was 0.09% firmer, after two consecutive sessions of losses as a spike in global oil prices and fears tensions in the Middle East would further dampen local business conditions pushed the currency to a 2-week low.

  • Picture: EWN

    Rand slips on risk-off sentiment

    The risk-on mood lost its sheen as the attack on Saudi Arabian refining facilities disrupted global oil supply and heightened tensions in the Middle East.

  • Picture: EWN

    Rand weaker as risk appetite ebbs

    The rand weakened in early trade on Monday as an attack on Saudi Arabia’s oil facilities dented risk appetite, while investors braced for monetary policy decisions from major central bank meetings due this week.

  • Picture: EWN

    Rand firms as global monetary easing takes spotlight

    The rand drew support from new stimulus measures by the European Central Bank (ECB) after it promised an indefinite supply of fresh asset purchases and cut interest rates deeper into negative territory to support the economy.

  • Picture: EWN

    Rand stretches gains on easing downgrade worries

    The rand has advanced more than 3% since last week’s better-than-expected second-quarter economic growth data, and as comments by ratings firm Moody’s on Tuesday that downgrade from Baa3 to sub-investment was unlikely in the near-term further boosted sentiment.

  • Picture: Christa Eybers/EWN

    Rand firms ahead of manufacturing data

    The rand firmed against the dollar in early trade on Tuesday ahead of manufacturing data that will give investors fresh clues about the health of the most industrialised African economy.

  • Picture: AFP

    Rand starts week on the front foot

    The rand strengthened against the dollar on Monday, with momentum reignited by upbeat remarks from the US Federal Reserve chairman and a Chinese economic stimulus package.

  • Picture: EWN

    Rand firmer on easing trade fears

    The rand firmed against the dollar in early trade on Friday on improved risk appetite as trade tensions eased, while stocks were flat.

  • Picture: EWN

    Rand extends rally to 3-week high after GDP boost

    The rand rose to a three-week high early on Wednesday following a better-than-expected jump in second quarter economic growth, brushing off concerns over anti-immigrant protests locally and the ongoing US-China trade dispute.

  • South African rand. Picture: Christa Eybers/EWN

    Rand slightly weaker ahead of trade data

    Trade and budget balance data releases in the session are unlikely to ease concerns about the country’s fiscal deterioration, and risks of contagion from Argentina’s financial crisis are bolstering a bearish investor outlook in the near-term.

  • Picture: EWN

    Rand weaker as risk sentiment sours

    The rand weakened early on Thursday as risk sentiment globally continued to be shaken by the trade stand-off between China and the United States and the possibility of recession.