Compared with the previous month, the rand (ZAR) had a mixed performance against most developed and emerging market currencies in July. On balance the rand did weaken though and the unweighted decrease in the rand against 12 currencies amounted to -0.6% m/m. Measured on a year ago, the unweighted average change in the value of the rand amounted to +3.1%. On a month-on-month basis, the rand gained most against the Russian rouble (7.4% m/m), and lost most against the US dollar (-3.8% m/m).
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