Moving away from the Pound in the late 50's to early 60's, the Rand was established and is the current legal tender for South Africa, Swaziland, Lesotho and Namibia. The Rand has had its fair share of volatility with the currency depreciating massively following the apartheid era sanctions. The currency looks to benefit when investors are willing to take on more risk in developing countries. Any pullback in risk from global markets pushes the Rand significantly lower as seen during the financial crisis of 2008.


China Isn’t the Only BRICS Member You Should Watch

Emerging markets' growth and financial health have regularly tallied in the top tier of global market risks.
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Analyst Picks

Jamie Saettele, CMT   

Sr. Technical Strategist

My Picks: pending USDZAR short
Expertise: Technical
Average Time Frame of Trades: NA


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