In September 2016, the rand (ZAR) gained significantly against all the major developed and emerging market currencies. The unweighted change in the rand against 12 currencies amounted to 6.6% m/m. On a month-on-month basis, the rand appreciated most against the British pound (9,8%) and the Brazilian real (8.2%). Against the US dollar, the rand gained 7.1%, while the ZAR rose 6.3% against the euro.
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