Sarb working paper discusses rand exchange rate
A South African Reserve Bank (Sarb) working paper, published on April 16, finds economic fundamentals such as exchange rates, commodity prices and capital flows are key to determining the exchange rate of the rand.
Author Shaun de Jager discusses the factors that influence the exchange rate of the South African currency, which is a freely floating currency due to the Sarb's policy of not intervening in the financial markets.
The working paper finds that the rand's real exchange rate was close to
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