volatility

While the rand's volatility is good for some sectors of the economy, it has inflationary impact on others, says Finance Minister Pravin Gordhan. Since 1 May 2011 the rand has fluctuated against the dollar from a low of R6.5610 (on 1 May) to a maximum of R8.4474 (on 22 September) with an average rate of R6.9470. the trend from August 2011 is one that indicates that the Rand is steadily losing against the dollar. (Click here to learn how to take advantage of the forex market courtesy of a Port … [Read more...] about Authorities to keep eye on Rand