empty
 
 

2026.04.0809:50:35UTC+00South African Rand Jumps on Ceasefire Optimism

The South African rand strengthened sharply to around 16.5 per USD, its highest level in nearly a month, supported by renewed global demand for emerging-market assets following the two-week ceasefire agreement. This positive shift has helped to partially reverse the rand’s losses incurred since the onset of the US-Israeli war on Iran in late February, with additional support coming from lower oil prices, higher gold and other precious metal prices, and a softer US dollar.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback