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7 Non-African Countries That Have Weaker Currency Than South Africa


The Rand has had a turbulent 2022 so far, falling precipitously in late April, rising in mid-June, and then falling once more in recent sessions.

According to Bianca Botes, director at Citadel Global, there are four main elements behind this: the global climate brought on by geopolitical events like the conflict in the Ukraine and Russia, the possibility of a recession, investors seeking safe havens, and a stampede for the dollar.

The rand's value against the dollar fell to its lowest level at R16.84 at the beginning of July as concerns about an impending global recession increased.

Reuters reports that South African economists have issued a warning that the rand is not yet out of the woods, pointing out that the nation still faces risk factors that might cause the currency to drop even more.

The 10 nations where R1 will be more valuable than the local currency on June 7th, 2022 are listed below by BusinessTech.

1. Thailand

Rand/Thai Baht – R1.00/2.15฿

2. Dominican Republic

Rand/Dominican Peso – R1.00/ RD$ 3.27

3. Vietnam

Rand/Vietnamese dong – R1.00 / 1,393₫

4. Colombia

Rand/Colombian Peso – R1.00/ 259.60COL$

5. Hungary

Rand/Hungarian Forints – R1.00/ 23.75Ft

6. Indonesia

Rand/ Indonesian Rupiah – R1.00/ Rp893.92

7. Philippines

Rand/ Philippine Pesos – R1.00/ 3.34 Php

Content created and supplied by: HopeAlive1 (via Opera News )

Non-African Rand


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