Rand strengthens under R15/$ as Turkish lira firms | Fin24
 
  • Load Shedding

    Schedules for Cape Town, Jhb, Durban, East London and Polokwane, plus links to more.

  • Ponzi Scheme?

    'Africa’s Most Successful Trader' Jacques Magliolo is being investigated by the Hawks.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

Rand strengthens under R15/$ as Turkish lira firms

Sep 12 2018 15:27
Jan Cronje

The rand strengthened under R15/$ for the first time in a week on Wednesday as the dollar traded marginally weaker and the Turkish lira firmed. 

The local currency opened the day's trade at R15.05/$ and was changing hands at R14.98 to the greenback at 15:15, up 0.5% on the day. 

The Turkish lira, meanwhile, firmed by 1.5% against the dollar by the early afternoon ahead of a Turkish central bank interest rate announcement on Thursday. 

The dollar index - which tracks the dollar's relative strength against a basket of currencies - was at 95.12 at 15.03, down 0.12%. 

The rand has made up some of the losses it suffered at the beginning of last week, when it fell to below R15.60/$ in the wake of SA's recession, weakness in the Turkish lira, dollar strength and concerns around SA's land reform programme.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

turkey  |  us  |  china  |  markets  |  currencies  |  rand
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

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

Voting Booth

Do you think government can solve the Eskom crisis?

Previous results · Suggest a vote

Loading...