UBS Forecast: Rand Vulnerable, USD/ZAR Forecast 20.0, GBP/ZAR Targets Record High

  • The US Dollar to Rand (USD/ZAR) exchange rate spiked to near 20.00 at the height of the recent market panic before a retreat to around 18.70. UBS recommends selling the rand with a USD/ZAR target of 20.0.