Rand Trading Surges as War Spawns Volatility, Central Bank Says


While the currency initially weakened against the dollar after the US and Israel attacked Iran on Feb. 28, it has since recovered some of that lost ground, despite the headwinds caused by higher energy costs for a nation reliant on oil imports. The real effective exchange rate of the rand has increased by 3.5% from March 2025 to March 2026, the central bank said.



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