RAND VOLATILE

Finweek English Edition - - ECONOMICTRENDS -

De­spite Re­serve Bank in­ter­ven­tion in the cur­rency mar­ket – which, to­gether with Gov­ern­ment buy­ing US dol­lars, has at times been heavy – the rand has been volatile. The cur­rency has traded in a range of US$1/R6,57 to US$1/R7,33. Though the Bank says it doesn’t tar­get a par­tic­u­lar level for rand, the Bank seems to have acted to en­sure it doesn’t pierce the US$1/R6,60 level.

SA ZAR/US$

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