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
Volatility of the Rand
The South African Rand (ZAR)has been very volatile over the past few months and certainly again over the past few days. What causes the volatility of the South African Rand ?
- Overseas Jitters and Happenings ?
- Uncertainty ?
- Speculation ?
Today the rand lost some ground again after it gained today. Reason was that a press conference to be held by Zuma & Gordhan. The currency markets didn’t know why so the rand lost ground. I guess todays drop could have been caused by uncertainty
See more in the article below
http://www.fin24.com/Markets/Currencies/Rand-rattled-by-Zuma-Gordhan-briefing-20110325
What is your opinion of the volatile South African Rand (ZAR) and what do you thinh causes it ?
Categories: currency info and facts, south african currency Tags: currencies, currency markets, south african rand, speculation, volatility, zuma