The rand continued to trade firmer against the dollar late on Friday after the US Federal Reserve kept interest rates on hold on Thursday evening‚ causing dollar weakness and emerging market currency gains.
Lower rates are a drag on the dollar‚ as they make the currency less attractive to investors.
The rand strengthened to R13.1700 to the greenback at the rate announcement‚ before dropping almost immediately back to R13.3325.
"The local focus will now shift firmly to the outcome of the local monetary policy committee meeting next week‚ with this decision likely to be influenced by the local currency ahead of this‚" Nedbank Capital analysts said in a note.
At 3.45pm‚ the rand was at R13.2011 to the dollar from a close of R13.3494.
Against the euro the rand was at R15.0712 from R15.2643 previously and was at R20.6500 against the pound from a previous close of R20.8160.
The euro was at $1.1417 from $1.1434.
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