| It is probably fair to say that the exchange rate of the rand, specifically against the US dollar, is the economic indicator that attracts the most interest among South Africans almost every day. Changes in the exchange rate tend to be simplistically ascribed to purely domestic factors, including political events.
The real world of foreign exchange, of course, looks rather different, with currencies continuously buffeted by a panoply of forces from across the globe, some of which some are of a short-term, passing nature, while others are more fundamental in nature and exert their influence over a long period of time...............................................Full Article: Source
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