HILARY JOFFE: What a difference a year makes for a bouncing-ball currency

It’s been the best-performing large emerging-market currency this year. Why is the rand looking so strong?

09 May 2021 - 00:08 By Hilary Joffe and hilary joffe

The rand has been around and about lately, but early on Friday it was back at R14.20 to the dollar — a far cry from the R19 at which it cratered little more than a year ago, as global markets went into Covid-crisis mode...

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