What was the rand dollar exchange rate in 2016?

Average exchange rate in 2016: 14.7049 ZAR.

What was the dollar rate in January 2014?

US Dollar Exchange Rates for 31/01/2014 (31 January 2014)

When last was the rand stronger than the dollar?

One rand was worth US$1.40 from the time of its inception in 1961 until late 1971, and the US dollar became stronger than South African currency for the first time on Monday, 15 March 1982. Its value thereafter fluctuated as various exchange rate dispensations were implemented by the South African authorities.

What was the dollar rate in 2014?

What’s been the value of 1 USD to INR since 1947 till date?

Why is the Indian rupee falling?

What are the key reasons for the decline? Rising Covid numbers — over 1.6 lakh fresh daily cases — have emerged as a key concern. While the FPIs invested a net of Rs 1.94 lakh crore between October and February (in the Indian markets) in the month of April they have pulled out a net of Rs 2,263 crore (till date).

Will rand weaken?

JOHANNESBURG – Importers will be bracing themselves for higher costs after the rand’s slump last week. The rand lost four-percent of its value against the US dollar and it’s expected to stay at these levels. The local currency is trading at more than R14.

Is the rand going to weaken further?

Moving forward, the rand is currently forecast to weaken from current levels as a prolonged public health crisis and the frail economic backdrop are set to weigh on the currency. Further ahead, the ZAR should regain some ground as the economy bounces back from the coronavirus-induced downturn.