<p>The report that SA has been arming Russia has been the final nail in the coffin for the ZAR today, pushing the USD-ZAR to near-record highs. The USD-ZAR intraday high stood at R19.33, marking a week-to-date loss of more than 5% for the rand against the USD. If the accusations are true and hold water, sanctions on SA become a real possibility.</p>

The report that SA has been arming Russia has been the final nail in the coffin for the ZAR today, pushing the USD-ZAR to near-record highs. The USD-ZAR intraday high stood at R19.33, marking a week-to-date loss of more than 5% for the rand against the USD. If the accusations are true and hold water, sanctions on SA become a real possibility.

USD-ZAR to near-record highs

Risk management covers a range of responsibilities that must be managed well in order to secure and maintain the proper level of liquidity, control the organisations’ assets, bring exposures in line with risk appetite and ensure efficient processes in a dynamic environment. TreasuryONE’s highly skilled market risk team has navigated the risk areas of foreign exchange, interest rate, and commodities for the last 23 years on behalf of our clients and is regarded as experts in the design, implementation, and execution of market risk strategies.

#Markets #Currency #Forex #ExchangeRateRisk

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Risk management covers a range of responsibilities that must be managed well in order to secure and maintain the proper level of liquidity, control the organisations’ assets, bring exposures in line with risk appetite and ensure efficient processes in a dynamic environment. TreasuryONE’s highly skilled market risk team has navigated the risk areas of foreign exchange, interest rate, and commodities for the last 23 years on behalf of our clients and is regarded as experts in the design, implementation, and execution of market risk strategies. #Markets #Currency #Forex #ExchangeRateRisk

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USD-ZAR to near-record highs

USD-ZAR to near-record highs