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How does the dollar to rand graph look like for the past month?

avatarJanallan Dolosa PandiinNov 24, 2021 · 3 years ago1 answers

Can you provide a detailed description of how the dollar to rand graph has looked over the past month? I'm particularly interested in understanding any significant trends or fluctuations in the exchange rate between the US dollar and the South African rand.

How does the dollar to rand graph look like for the past month?
Dollar
Rand
Graph

1 answers

  • avatarNov 24, 2021 · 3 years ago
    Based on the data from BYDFi, the dollar to rand graph for the past month indicates a gradual depreciation of the rand against the dollar. The exchange rate started at around 14.50 rand per dollar and experienced some fluctuations throughout the month. However, overall, the trend has been towards a weaker rand. By the end of the month, the exchange rate reached around 14.80 rand per dollar. It's important to keep in mind that currency exchange rates are influenced by various factors, including economic indicators, geopolitical events, and market sentiment. Therefore, it's always advisable to stay updated with the latest news and analysis when making decisions related to currency exchange.

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