Rand's volatility reflected in divergent economists forecasts that could see it end the year anywhere between R13.50 and R16/$
The rand, traditionally one of the most volatile emerging-market currencies, is set for another bumpy year as investors struggle to assess the effect of a weak domestic economy and geopolitical risks.
Reflecting the difficulty of predicting the rand’s fortunes, analysts who spoke to Business Day said the currency could strengthen as much as 4.4% against the dollar in 2020 if the government makes progress in stabilising its finances and turning around Eskom.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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