Rand Volatility and Trading
The South African Rand, is currently one of the most traded and volatile emerging market currencies. It has traded in a range of R6.59/$ to R8.26/$ in 2011, its volatility increasing in the past two months due to global financial turmoil and the European crisis caused by poor performing countries in the euro-zone like Greece.
Categories: currency info and facts, south african currency Tags: currencies, currency, eurozone, south african rand, volatility
Rand Takes a Beating
2011/09/22, The rand took a beating against all major currencies, panic buying of dollars by importers and a general negative sentiment about the eurozone is hurting the rand badly. South Africans will have a brace themselves for a higher inflation outlook, higher petrol prices and more expensive imported electronic gadgets