The rand is on a rampage

The rand smashed below the R12.50/dollar on Thursday afternoon - its best level since mid-2015.

At 5:54pm it was hovering around the R12.53/dollar mark.

The rand is smashing through technical level after technical level - but what does this mean?

The Money Show’s Bruce Whitfield interviewed Treasury One’s Andre Cilliers.

Listen to interview in the audio below (and/or scroll down for quotes from it).

Rand strength is likely to continue for a couple of months.

Andre Cilliers

I would not be surprised to see the rand below R12 and trading towards the R11.60 area.

Andre Cilliers

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Article brought to us by Old Mutual.

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