Archive for January 30th, 2010
South African Rand Loses its Luster – 1790th Edition
In 2009, the South African Rand was the world’s second best performing currency, after only the Brazilian Real. Since September, however, it has stagnated, and over the next year, it is projected to fall 10%. What happened?!
How about interest rates? Well, South African rates are among the highest in the world. Despite a handful of [...]
