Compared with the previous month, the rand (ZAR) weakened against most major developed and some emerging market currencies. The unweighted increase in the rand against 12 currencies amounted to –0.7% m/m. Measured on a year ago, the unweighted average change in the value of the rand amounted to 3.5%.
The rand was most undervalued against the GBP (around 20%) during the three months ended November 2014, while it was overvalued against the yen (6.8%).
View the complete report
Visit www.easydata.co.za to download the complete report in PDF.