Rand hovers 9% below 15-year average - Sarb

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Pretoria – Despite recent improvements, the rand’s real effective exchange rate is still 9% below its average over the past 15 years.

This is according to the South African Reserve Bank’s (Sarb's) quarterly bulletin, which was released on Friday. Head of research Dr Johan van den Heever presented some of the observations in the third quarter, one of these being the rand’s gains.  

“Towards last year, there were big declines. Confidence was really very fragile. But since then there has been recovery,” said Van den Heever.

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Rand - Dollar
14.13
-0.0%
Rand - Pound
19.92
-0.0%
Rand - Euro
17.16
-0.0%
Rand - Aus dollar
11.00
-0.0%
Rand - Yen
0.13
-0.0%
Gold
1,843.76
0.0%
Silver
27.42
0.0%
Palladium
2,894.50
0.0%
Platinum
1,229.50
0.0%
Brent Crude
68.71
+2.5%
Top 40
60,573
+0.6%
All Share
66,598
+0.7%
Resource 10
69,386
-0.1%
Industrial 25
83,277
+0.9%
Financial 15
12,685
+1.5%
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