13 Nov 2025 | 3 Mins Read
South Africa's Rand Plunges Below 17/USD
Flipitmoney
The rand strengthened to 16.9979 per dollar, a three-month low, as the government adopted a lower 3% inflation target, suggesting higher interest rates may stay for longer. The currency advanced 0.5% and rebounded 13% since April, driven by interest rate divergence expectations and gold price gains, supporting the local bond market.