The euro lost ground against the dollar yesterday after polls suggested that the ‘right’ and ‘left’ camps will fight it out for the French Presidency in April. The weaker euro, coupled with concerns surrounding former Eskom CEO Brian Molefe’s move to Parliament (next stop Treasury?), Forex helped keep the local unit on the back foot. The rand has manged to maintain the 12.90/$ – 13.20/$ range, with no real action expected before the budget speech tomorrow.  

RATES

USD / ZAR 13.0844
GBP / ZAR 16.2656
EUR / ZAR 13.8418
ZAR / JPY 8.6720
CNY / ZAR 1.9004
AUD / ZAR 10.0330
CHF / ZAR 13.0114
AED / ZAR 3.5637
SGD / ZAR 9.2139
NOK / ZAR 1.5678
EUR / USD 1.0579
GBP / USD 1.2430
GBP / EUR 1.1751

All rates quoted are the interbank rates at time of publishing and shown for indicative purposes only. It is important to note that foreign exchange rates fluctuate and that the rates will vary depending on the amount and product purchased and sold

Author: Don V