Currency Note Worldwide

Big losses for South African rand

By Ricky Bean November 10th, 2015

One of yesterday’s big losers was the South African rand, which fell against all of its major currency pairs, including a drop of over 1.5% against sterling. The future looks bleak for the South African economy as the country is still facing public unrest and a water shortage in its biggest city, Johannesburg.

The Polish zloty had contrasting fortunes yesterday as it gained on most currencies. By 5pm it had gained 0.4% on the euro, which was the best performance for an emerging-market currency for the day.

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