South African Currency Up on Risk, Capital Repatriating
The South African rand was one of the best performing currencies today in
Speculations that South African exporters are repatriating capital to the nation before the end of the year also forced the rand further up in a session that virtually all events provided support for the rand to gain against most currencies, specially safe refuges like the yen and the Swiss franc.
USD/ZAR traded at 7.4125 as of 17:35 GMT from an opening rate of 7.5093.
If you want to comment on the South African rand’s recent action or have any questions regarding this currency, please, feel free to reply below.
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