020 7898 0500South Africa is currently home to the world’s most volatile currency. With a lot of the attention on the possible US interest rates hikes afoot, investors are heading to more steady markets, as emerging markets will experience serious volatility, as the prospect of higher interest rates may cripple many businesses. The South African rand is also being affected detrimentally by the UK’s vote on a ‘Brexit’, having fallen another 1.25% yesterday.
Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.
