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Will the USD/ZAR exchange rate be below 18.00 (a stronger rand) at the close of the last business day of the current month?
History builds as forecasts are placed.
The rand is Africa's most actively traded currency and a barometer for continental risk appetite. This market forecasts whether it closes the month stronger than R18 to the US dollar.
Resolves YES if the USD/ZAR mid-market rate at 17:00 SAST on the last business day of the current month is strictly below 18.00. A widely-cited reference (e.g. the central bank or a major data provider) is authoritative. Otherwise NO.
Official source: South African Reserve Bank / major FX data provider