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The Rand rollercoaster: Understanding South Africa's volatile currency

Jun 21, 2016
Every day, more and more ink gets spilled – as financial experts debate the reasons for the Rand’s galling instability on the global currency market. Since October of last year, the Rand has depreciated by 35% against the US Dollar (the lowest point being 10th of January this year), before clawing back about 25% of this devaluation to trade at an exchange rate of roughly R14.20/$1 at the end of April 2016.
 
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