South African Rand Soars Ahead of SARB Interest Rate Decision
The USD/ZAR exchange rate continues to rise significantly. Following last week’s discussions between Donald Trump and Cyril Ramaphosa in Washington, the currency has fluctuated dramatically. It plunged from a peak of 19.93 on April 9 to a low of 17.80 this week. Investors are keenly focusing on the South African Reserve Bank (SARB) interest rate decision that could further influence the rand’s performance. Traders expect a potential shift in monetary policy, which may add volatility to the currency in the coming days.