Compared with the previous month, the rand (ZAR) weakened against most developed and emerging market currencies in August. The unweighted decrease in the rand against 12 currencies amounted to –2.9% m/m. Measured on a year ago, the unweighted average change in the value of the rand amounted to –0.9%. On a month-on-month basis, the rand gained slightly against the Brazilian real (0.9% m/m), and lost most against the Japanese yen (-6.6% m/m).
Subscribers to EasyData can download the complete report in PDF format on www.easydata.co.za.