Rand strengthens against the dollar

File: Money. eNCA

JOHANNESBURG - The rand ended the week as the best emerging-market currency against the dollar.

The local currency has been strengthening on the back of better than expected local GDP figures, an improved trade surplus and a weaker dollar.

The rand is up more than 4 percent against the dollar since the start of the year.

A petrol price cut could be on the cards if the currency continues to make gains.

The rand was trading at R14.12 to the dollar at the close of business.


Paid Content