rand merchant bank forex rates

the back of poor growth data, the sarb is expected to keep rates on hold while staying on the hawkish side. Dollar, thanks to, federal Reserve interest rate policy and concerns about the likely economic impact of President Donald Trump's "trade war" with China. Morgan Stanley economists say the inflation rate is likely to have held steady.1 for August, but Tsebe forecasts that it will rise.2, which is close to the top end of the sarb's target range. It's an affordable, reliable, fast and convenient way to send or receive money cross-border. Can call on our customer dealers when specialist assistance is required. Bank's bearish bet against the Rand also comes as emerging market currencies remain under pressure against the.S.

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South African Reserve Bank (sarb) is unlikely to deliver what markets are looking for following Thursday's interest rate meeting, according to strategists. "We remain bearish on ZAR and would like to fade the recent rally says Gek Teng Khoo, a strategist at Morgan Stanley. Whether our clients need advice before they trade, while theyre weighing up options, or about to settle, Corporate Banking can simplify the process. As market leaders in foreign exchange, our professional dealing teams collaborate closely with our clients to make dealing in foreign exchange seamless. The USD/ZAR rate was"d.15 higher.91 Monday and is.5 so far in 2018, while the Pound-to-Rand rate was.81 higher.60 and has risen.7 this year. The exchange rates are updated daily and are indicative rates for walk-in customers to a First National Bank Ghana branch.

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