South African Rand cheapest for 18 months

22 September, 2011


The South African Rand rate improved to its best since January 2010, as investors sell off currencies in emerging markets.

If you need to send money to South Africa, now could be a good time to take advantage of the current volatility around the world. As investors are shying away from currencies carrying any perceived risk, the Rand has weakened across the board. Against the US Dollar, it is now at its weakest for over 10 years.