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.

So why is the rand looking so strong?..

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.

Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.