Currency Note Worldwide

South African rand only currency to outperform sterling on Monday

By Callum Holmes April 12th, 2016

On a day when sterling strengthened against most world currencies, it was only out-performed by the South African rand. A positive two days also sees the rand trading at a four month high against the US dollar. This can be attributed to a successful Eurobond sale and an unknown corporate takeover that has restored confidence to the faltering, yet Africa’s most industrialised economy.

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