Rand goes from zero to hero

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Rand goes from zero to hero

South Africa’s rand is back near the top of the carry-trade table after languishing close to the bottom in the weeks following the outbreak of the Iran war.
 
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South African rand goes from zero to hero

The South African rand strengthened from R19.77 to R16.00 per US dollar, which bodes well for technology products in South Africa.
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The rand goes from hero to zero

South Africa’s currency weakened from R15.84 to R17.25 against the US Dollar following the war in Iran and related factors.
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Thread 'South African rand goes from zero to hero'

South African rand goes from zero to hero

The rand’s strong momentum coming into 2026 was broken by the Iran war, though recent green shoots are now giving the currency a much-needed boost.
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Thread 'South African rand can go from zero to hero – and back to zero'

South African rand can go from zero to hero – and back to zero

The rand has rebounded sharply in 2025, gaining 10% against the dollar and reaching its lowest volatility in decades, supported by a weaker US dollar, strong commodity prices and improving South African fundamentals. However, as with any trend, this will not last forever.
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