Peregrine Treasury Solutions

16 May 18

Does your Company Need a Currency Risk Policy?

Any business that imports, exports or has foreign subsidiaries is subject to currency risk – the risk that it faces when a financial transaction takes place in a currency other than the currency in which it operates. “This means that an entity may suffer a financial loss should the currency move against it, in spite of sound underlying performance,” says Peregrine Treasury Solutions Corporate Treasury Manager, Paul Muller.

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14 May 18

Rand Rally Continues on the Back of Easing Geopolitical Tensions

The rand dipped below the R12.20 mark to the US dollar on Monday morning on the back of easing geopolitical tensions. The local unit, along with other emerging market currencies, made gains near the end of last week as geopolitical tensions eased, according to analysts.cIt dipped below the R12.20 mark by 09:44, trading 0.43% stronger at R12.19 to the greenback.

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11 May 18

Robust Rand Breaks Through R12.30/$ in Erratic Trading Week

The rand broke through R12.30 to the US dollar on Friday in an erratic trading week where the local unit reached a 4-month high and low in a matter of days. The volatility was driven by geopolitical tension, which eased later in the week.

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02 May 18

Rand Stronger Before US FED Meeting

The rand strengthened against the dollar in early trade, as investors waited cautiously for a US Federal Reserve interest rate decision later on Wednesday. By 0649 GMT, the rand was 0.45% stronger at R12.5950 per dollar compared to a close of R12.6525 on Tuesday in New York.

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01 May 18

Rand Falls to 4-month Low Against Dollar

As South Africans celebrated Workers' Day on Tuesday, the rand fell to its lowest level yet under a Cyril Ramaphosa Presidency. At 22:10, the rand was trading at R12.67/$, down 1.72% on the day. It had opened at R12.45 to the dollar. The last time the local currency traded at this level was in mid-December 2017.

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