How does the dollar to rand graph look like for the past month?

1 answers

• May 01, 2022 · 3 years ago
  Based on the data from BYDFi, the dollar to rand graph for the past month indicates a gradual depreciation of the rand against the dollar. The exchange rate started at around 14.50 rand per dollar and experienced some fluctuations throughout the month. However, overall, the trend has been towards a weaker rand. By the end of the month, the exchange rate reached around 14.80 rand per dollar. It's important to keep in mind that currency exchange rates are influenced by various factors, including economic indicators, geopolitical events, and market sentiment. Therefore, it's always advisable to stay updated with the latest news and analysis when making decisions related to currency exchange.
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