Rand weakens in early trade before a firmer daily reference rate
The rand traded at 16.68 to the dollar at 06:52 GMT on 28 October 2026, down 0.2%, according to Reuters. The central bank's daily reference rate, observed later, was 16.6485.
The reference rate, published at about 10:30 South African time, indicates a 0.18% appreciation against the previous publication, according to SARB data relayed by Currencyapi.
The observations use different times and methods. The first describes early market trading; the second is a banking average and is not a closing price.