Rand dips below R12.80/$

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Cape Town - The rand strengthened to an 18-month high to under R12.80/$ on Thursday afternoon following a decent budget, dollar weakness and an easing of French political risk.

The rand hit R12.79/$ in late afternoon trading and by 17:15 the local unit was trading at R12.82 against the greenback, R13.56/€ and R16.04/£.

The last time the rand traded below R12.80 was in August 2015.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
USD/ZAR
14.32
(-0.4)
GBP/ZAR
19.92
(-0.3)
EUR/ZAR
17.22
(-0.2)
AUD/ZAR
11.09
(-0.4)
JPY/ZAR
0.13
(-0.5)
Gold
1,792.77
(+0.3)
Silver
26.72
(+0.9)
Platinum
1,236.00
(+0.5)
Brent Crude
68.96
(+0.1)
Palladium
2,985.00
(+0.3)
All Share
67,437
(+0.1)
Top 40
61,595
(+0.1)
Financial 15
12,413
(+0.5)
Industrial 25
85,527
(-0.1)
Resource 10
70,546
(+0.3)
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1374 votes
No, I did not.
52% - 3416 votes
My landlord refused
28% - 1819 votes
Vote