The rand is awful for travel to the US, UK, and a few other countries, are cheap
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On Monday, the rand broke through R18 to the dollar for the first time since the pandemic-induced madness that took hold in April 2020, and subsided again during May of that year.
That is due in part to dollar strength and various global factors. But the rand is also tanking all by itself; it is the worst-performing currency among its emerging-market peers over the past month, with the government's inability to deal with load shedding cited as a major reason.
That is due in part to dollar strength and various global factors. But the rand is also tanking all by itself; it is the worst-performing currency among its emerging-market peers over the past month, with the government's inability to deal with load shedding cited as a major reason.
