History points to rand decline after election

The rand may be in for a rough ride after elections set for May 8, if history is any guide.

Since the the start of the post-apartheid era, the local currency has tended to strengthen in the month before the vote, but weaken in the 30 days afterward, according to data compiled by Bloomberg. The outlier was 2009, when the rand was recovering from a record low reached during the global financial crisis.

rand

Find everything you need to know about the 2019 National and Provincial Government Elections at our News24 Elections site, including the latest news and detailed, interactive maps for how South Africa has voted over the past 3 elections

,election 2019

ZAR/USD
17.61
(+0.19)
ZAR/GBP
23.06
(+0.34)
ZAR/EUR
20.71
(+0.29)
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12.65
(+0.06)
ZAR/JPY
0.17
(+0.50)
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2018.13
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Financial 15
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Industrial 25
74671.49
(-1.98)
Resource 10
58948.78
(-1.89)
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