All data is delayed
See More

Rand flat at midday

Sep 26 2012 12:35
I-Net Bridge
Johannesburg – The rand was fairly flat in midday trade on Wednesday‚ after gaining over 1% on Tuesday.

“It’s coming back as it has been out of sync with of the euro due to the inclusion of SA in the World Government Bond Index (WGBI)‚ which is set to start on Monday‚” said Mark Kalkwarf‚ a senior portfolio manager from the Iquad Group.

At 11:25 local time‚ the rand was bid at R8.2109 to the dollar from R8.2171 at Tuesday’s close. It was bid at R10.5720 to the euro from its previous close of R10.6126 and at R13.2861 against sterling from R13.3153 before.

The euro was bid at $1.2875 from $1.2899 at Tuesday’s close.

“The rand’s weaker performance this morning was due to the euro losing ground against the dollar‚” Kalkwarf said.
rand  |  market  |  jse


Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote