Compared with the previous month, the rand weakened in July 2022 against most major developed market and developing market currencies. The unweighted average change in the value of the rand amounted to -3.8%. Month-on-month, the rand appreciated most against the US dollar (-6%), Swiss franc (-5.9%) and Chinese yuan (-5.4%). The rand also lost against the euro (-2.6%), British pound (-3%), and Japanese yen (-3.4%).
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