Like most other major emerging market currencies, the South African rand has rebounded over the past month as markets have adjusted to the prospect of US monetary policy staying looser for longer than initially expected. But while the rand has strengthened by around 2% against the US$ since the start of the month, it has still weakened by 15% since the start of the year. And looking ahead, we think it has further to fall over the course of 2014-15.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services