Sarb exchange rates

Sarb exchange rates

By: Terri Date: 14.06.2017

Last week the South African rand exchange rate faced renewed pressure, softening yet again against many of its peers in response to damp market sentiment as global stock market turmoil weighed on investor sentiment.

Exchange rates

Analysts at the International Monetary Fund IMF project emerging market assets such as the Rand will continue to struggle for much of with commodity prices forecast to remain low. This week will see the South African Reserve Bank see SARB website interest rate decision which is likely to provoke changes for Rand exchange rates despite very few economists expecting a change to policy outlook.

SARB Interest Rate Decision to Provoke South African Rand ZAR Exchange Rate Volatility This Week With an absence of domestic data for the majority of the week, the South African Rand is likely to see movement in response to market sentiment and developments in China.

However, Thursday could see Rand volatility in response to the SARB interest rate decision.

According to the most recent report on global growth prospects from the IMF, the disappointing outlook for emerging market assets is likely to cause global growth to weaken in Sub-Saharan economies are among those projected to endure tepid growth over the coming year. Having struggled since the turn of , the Pound vs euro and us dollar exchange rates recovered some of its losses on Friday after government borrowing data showed that the budget deficit was reduced beyond expectations.

However, concerns regarding long-term delays to a Bank of England BoE interest rate hike, in addition to uncertainty surrounding the forthcoming EU referendum, could potentially weigh on investor confidence.

This coming week will see the publication of British fourth-quarter Gross Domestic Product which will be very likely to provoke Sterling volatility. Euro Exchange Rates Softened on Friday, will German Inflation Data Bolster Demand? Both German and Eurozone Services, Manufacturing and Composite PMIs all failed to meet with expectations.

However, the data are still considered robust but damp investor confidence fuelled the Euro depreciation after European Central Bank ECB President Mario Draghi hinted at additional stimulus measures in March. Investors will most likely be focused on German inflation data due on Thursday as a positive showing may reduce the chances of further ECB stimulus added in meetings to come. Positive US data Boosted USD Demand on Friday, Will Market Sentiment Dampen to Bolster Gains?

One of the principle market focusses this week will be the Federal Open Market Committee see FOMC interest rate decision.

Average Exchange Rates

As the European session opened on Monday the Rand continued to claw back previous losses against the US Dollar. According to Barclay's analysts; 'A more 'risk on' global environment and firmer commodity prices helped the Rand to recover lost ground as it strengthened to Moreover, the Rand appreciated 2. As well as producing in-depth analysis of the latest currency trends for ERUK, Colin heads up the Business The advice provided on this website is general advice only and does not constitute as a financial recommendation.

All data shown, such as exchange rates are indicative of interbank rate and should only be used as an indication of market movement. Exchange Rates UK cannot guarantee the accuracy of the rates being displayed.

sarb exchange rates

Please confirm with an FCA-regulated foreign exchange broker before entering into any financial transactions that could be affected by these rates. Any news, opinions, research, analysis, values or other information contained on this story, by Exchange Rates UK, its employees, partners or contributors, is provided as general market commentary.

Exchange Rates UK will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Current market rates - South African Reserve Bank

Exchange Rates UK News Daily Financial Blog Exchange Rates Exchange rate forecasts Best euro rate today Currency Calculator International Money Transfer? Email Updates Cookies RSS News Feed FREE RATE QUOTE About us Contact us. News GBP EUR USD AUD NZD CAD GBP to EUR Exchange Rate ZAR.

Live Euro Rate Today: Live Dollar Rate Today: Live Australian Dollar Rate Today: Live Canadian Rate Today: Live Yen Rate Today: Live NZ Dollar Rate Today: Live Rand Rate Today: Live Rupee Rate Today: Home News ZAR Rand Exchange Rate: SARB's Interest Rate Decision Today.

SARB's Interest Rate Decision Today Modified: Jan 26, Written by Colin Lawrence. Colin Lawrence As well as producing in-depth analysis of the latest currency trends for ERUK, Colin heads up the Business Exchange Rate Calc Currency from GBP to EUR EUR to USD GBP to USD GBP to AUD.

Selected historical rates - South African Reserve Bank

GBP to NZD GBP to ZAR Brexit Exchange rate forecasts. Euro exchange rate News Feed.

sarb exchange rates

Privacy Legal Disclaimer About us Contact us.

Rating 4,4 stars - 585 reviews
inserted by FC2 system