SOUNDINGS

A daily reading of the South African investment case

The read, 30 Aug 2026

Fixed Investment (GFCF) as % of GDP D2
13.20%
Bearish
SA–US 10-Year Yield Spread X1c
409bps
Bullish

Currencies X5

Is the rand steady against the crosses he holds?

Horizon

Is the rand steady against the crosses he holds? X5

Rand per poundZAR/GBP
22.0023.0024.0021.73Oct 25Jan 26Apr 26Jul 26
Rand per Swiss francZAR/CHF
20.0021.0022.0019.90Oct 25Jan 26Apr 26Jul 26
Rand per US dollarZAR/USD
15.5016.0016.5017.0017.5018.0016.00Oct 25Jan 26Apr 26Jul 26

Quoted as rands per unit of foreign currency, so a rising line is a weakening rand. That inversion is exactly why these deltas carry no colour: a falling number here is the rand strengthening, and a red arrow would say the opposite of the truth. ECB 16:00 CET reference fixings — indicative rates, not tradeable ticks.

Table view — Is the rand steady against the crosses he holds?
DateRand per poundRand per Swiss francRand per US dollar
28 Aug 202621.7319.9016.00
27 Aug 202621.7119.8515.99
26 Aug 202621.6919.8015.92
25 Aug 202621.7919.9215.99
24 Aug 202621.8219.9416.00
21 Aug 202621.8620.0216.00
20 Aug 202622.0420.2416.17
19 Aug 202622.0220.0516.24
18 Aug 202621.9419.9616.22
17 Aug 202621.9319.9716.18
14 Aug 202621.8819.9116.16
13 Aug 202621.7519.8416.12
12 Aug 202621.8219.8916.13
11 Aug 202621.8419.9716.18
10 Aug 202621.8520.0116.18
7 Aug 202621.8220.0216.22
6 Aug 202621.9620.1416.31
5 Aug 202622.0320.2116.35
4 Aug 202622.1120.3216.44
3 Aug 202622.1820.3816.47
31 Jul 202622.2520.4616.57
30 Jul 202622.2020.4116.58
29 Jul 202622.2620.4316.75
28 Jul 202622.3020.4716.79
27 Jul 202622.2920.5416.74
24 Jul 202622.4520.6116.85
23 Jul 202621.9520.1516.44
22 Jul 202622.0220.2816.48
21 Jul 202622.0420.2816.44
20 Jul 202622.2020.4016.49
17 Jul 202622.1820.4616.51
16 Jul 202622.1220.3016.37
15 Jul 202621.9620.1916.38
14 Jul 202622.0320.2816.46
13 Jul 202621.9120.2016.36
10 Jul 202621.9120.2316.32
9 Jul 202621.9320.2916.37
8 Jul 202621.8720.2616.38
7 Jul 202621.7420.1416.24
6 Jul 202621.6620.1416.23
3 Jul 202621.6520.2016.21
2 Jul 202621.7920.2916.38
1 Jul 202621.7620.2616.43
30 Jun 202621.6520.2216.37
29 Jun 202621.7220.3016.42
26 Jun 202621.7620.3616.46
25 Jun 202621.8020.3716.56
24 Jun 202621.8620.4416.61
23 Jun 202621.7920.3616.48
22 Jun 202621.7420.3116.41
19 Jun 202621.8020.4316.47
18 Jun 202621.7320.4316.43
17 Jun 202621.7520.4516.22
16 Jun 202621.7120.3516.19
15 Jun 202621.7620.4316.21
12 Jun 202621.8520.4616.30
11 Jun 202622.0520.6516.50
10 Jun 202622.2220.7716.60
9 Jun 202622.0520.6816.45
8 Jun 202622.0020.6816.46

Showing the most recent 60 of 256 observations in this window.

Bullish R21.735 on 2026-08-28; the rand is 8.8% stronger against sterling over twelve months. A strengthening rand against the crosses the client holds.

One of these was ours, not his

The brief named the pound and the Swiss franc. Rand/dollar was our addition — the conventional reference cross, kept because almost everything else on this dashboard is priced in dollars and reads against it. Offered to him, and kept on his word(30 August 2026); it now carries its own reference, X5c.

Where these numbers come from

SeriesSourceCadenceLatest
Pound / RandFrankfurter (ECB reference rates, keyless)daily · quantitative2026-08-28 · current
Swiss Franc / RandFrankfurter (ECB reference rates, keyless)daily · quantitative2026-08-28 · current
US Dollar / RandFrankfurter (ECB reference rates, keyless)daily · quantitative2026-08-28 · current