Forex market forecast next week - South African Rand - Forecast

A monthly overview of the performance of the rand exchange rate against the most important developed and emerging market currencies. Purchasing power parity values for the rand are also shown against the dollar, euro, sterling, yen, Swiss franc and Canadian dollar.

Rates of change in the rand against the various currencies are depicted for the past ten years. The changes in forward rates and trade financing rates are also depicted, as are spot, forward, swap and turnover statistics from the SA Reserve Bank.

The rand weakened wefk all major developed and emerging market currencies in August compared with the previous month. The rand strengthened against all currencies in July compared with the previous month.

The rand weakened against nearly all currencies in June compared with the previous month. The rand weakened against most currencies in May compared with the previous month.

The rand weakened against most currencies in April compared with the previous month. The rand weakened slightly against most seek in March compared with the previous month.

Quantec News

This was done on the grounds that Zuma handled the appointment of Shaun Abrahams recklessly and was himself fodecast conflicted to make a rational me estafaron iforex. This power was delegated forex market forecast next week Cyril Ramaphosa, and the Deputy President is now being seen as a favourite to win the ANC nomination next week.

Economic Calendar

This news, and favourable sentiment for EM currencies in general, helped the Rand strengthen by almost 20 cents against the US Dollar and 30 cents against the British Pound. As we have seen before, Zuma is a past master at jockeying and manoeuvring in these situations, seemingly being able to escape any sticky situation he encounters.

Markets are likely to punish the Rand should Zuma be seen to be getting his way. The medium- to long-term economic effects of this, however, fofex likely be negative as it will put more stress on the South African consumer. Any forecasts or predictions on the movement of the Forex market forecast next week should be met with strong scepticism until the above-mentioned factors start to take shape.

This week will highlight the different stages of the economic cycle each economy is currently in. Brexit talks have been restored with optimism after breakthrough discussions last.

Gloomy 2018 South African Rand Forecast Sends EUR/ZAR Exchange Rate Higher

This will be the toughest stage of negotiations as focus will wsek placed onto trade agreements, which could easily further divisions amongst the Conservative Party. Any difficulties in these negotiations will likely be Pound-negative.

The Springboks coach has come under fire for his late substitutions, which coincided with the All Blacks staging a comeback Reproduction without permission prohibited. Write for us Advertise About us Contact us.

ZAR Exchange Rate News and Forecasts

Home South Africans Abroad.

Description:Is "United States Dollar / South African Rand" Pair a Good Investment? 5 minutes with latest Forex (Foreign Exchange) rates by smart technical market analysis. Short-Term Dollar to Rand Forex Rate Prediction for Next Days and Weeks.

Views:8400 Date:09.12.2016 Favorited: 462 favorites

User Comments

Post a comment


In order to post a comment you have to be logged in.

So please either register or login.

Vihn #1 02.12.2017 alle 16:14 dice:
+ -
Reply | Quote
I am assured of it.
Shaktigis #1 02.12.2017 alle 16:14 dice:
+ -
Reply | Quote
Yes well!
Vitilar #2 04.12.2017 alle 06:45 dice:
+ -
Reply | Quote
Excuse for that I interfere … At me a similar situation. I invite to discussion.
Nirg #2 04.12.2017 alle 06:45 dice:
+ -
Reply | Quote
I think, that you are mistaken. I can defend the position. Write to me in PM, we will communicate.
Comments is an award-winning online trading provider that helps its clients to trade on financial markets through binary options and CFDs. Trading binary options and CFDs on Volatility Indices is classified as a gambling activity. Remember that gambling can be addictive – please play responsibly. Learn more about Responsible Trading. Some products are not available in all countries. This website’s services are made available in countries such as the South Africa, USA, or to persons under age 21.

Trading binary options may not be suitable for everyone, so please ensure that you fully understand the risks involved. Your losses can exceed your initial deposit and you do not own or have any interest in the underlying asset.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 47-74% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.