Rand Near Its Strongest in a Month as Brent Slips Below US$80

South Africa · MARKETS

Key Facts

—Where the rand is: The currency traded at about R16.33 to the United States dollar on 6 August 2026, close to its strongest level in almost a month.

—Where it came from: That is a recovery from R16.98 on 24 July, a more than three-month low. Over the past twelve months the rand is about 7.9 percent stronger against the dollar; over the past month it is roughly flat.

—Oil: Brent crude was trading near US$79.6 a barrel and West Texas Intermediate near US$75.2, having fallen back from the highs reached after the outbreak of the Iran conflict.