Depends what comes out of the budget speech. If there's no clear sign that any kind of action will be taken to improve the economy and curb debt, then it will continue to slide. Moody's will then likely downgrade SA in March. If that happens, we'll be around the R16-R16.50/USD probably. But it should settle around R15.50 - R16 mark, I reckon.
If there's some positive feedback from the budget speech and Moody's holds off downgrading in March, it could then bounce back to the R14 range until the next decision date (I think November?). But since the ZAR is influenced by so many outside forces, it's near impossible to know what will actually happen.
What do you think will happen to the Rand in 2020? Do you think it will strengthen or weaken, and why do you think it will happen?
IT WILL WEAKEN BECAUSE THE COUNTRY IS GOING DOWNHILL NO WORK AND ASLO THIS LAODSHEDDING BROBLEM