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Name | Symbol | Market | Type |
---|---|---|---|
United States Dollar vs South African Rand | FX:USDZAR | Forex | Exchange Rate |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.079 | -0.43% | 18.3255 | 18.3105 | 18.3405 | 18.45714 | 18.23056 | 18.413 | 0 | 23:10:38 |
The South African rand declined further against the US dollar in New York trading and touched a 4-week low of 7.5781 at about 10:30 am ET Wednesday. The greenback-rand pair that closed yesterday's New York session at 7.4025, is now trading near 7.5363.
Retail sales in South Africa dropped 6.6% year-on-year at constant prices in November, accelerating from the 6.1% decline in the preceding month, Statistics South Africa reported on Wednesday. Economists had expected sales to decline 5%.
Sales edged down 0.1% in the three months to November period compared to the preceding three month period, the statistical office said.
In the first eleven months of the year, retail sales were down 11.2% compared to the corresponding period of the previous year.
Separately, the statistical office announced that wholesale trade sales fell a seasonally adjusted 1% month-on-month in November.
1 Year US Dollar vs ZAR Chart |
1 Month US Dollar vs ZAR Chart |
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