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South African Rand (ZAR) is highly volatile due to its links to the supply and demand/ investor interest in commodoties such as gold. Friday saw over 1.4% weakness on the GBP/ZAR as a result of fulctuating gold prices. Gold has been more volatile recently than in a long time and this is as a result of investors looking for “safe havens” such as gold and the Swiss Franc to protect them. If you have a requirement in any of the comodity based currencies please get in touch with me to achieve the best rates of exchange at asp@currencies.co.uk.