USD to ZAR: South African rand strengthens, drops to below R15 against the US Dollar
The move comes as South Africa is still reeling from the recession, declared last week.
In what is perhaps a welcomed relief to the South African economy, the rand retreated back to under R15 against the US dollar on Wednesday, 12 September 2018 – the first time in a week.
The local currency opened the day's trade at R15.05/$ and was changing hands at R14.98 to the greenback at 15:15, up 0.5 percent on the day.
By 06h00 on Thursday, 13 September 2018 the rand sat on R14,94 to the US dollar.
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