Monday, May 7, 2007

Rand Choppy Against Counterparts, Monday, May 07, 2007 9:59:25 AM

The South African rand was choppy against its world counterparts in trading on Monday. The rand traded with little economic news from the area.

The South African currency was mixed against the dollar on Monday. The rand bounced between a high of 6.8908 and a low of 6.9431 as action moved into the mid-morning. On the whole, the rand is at its highest point in 2007.

Against the euro, the South African currency saw little direction on Monday. By the mid-morning, the currency had moved between a high of 9.3785 and a low of 9.4451. Generally, the rand is near a two month high.
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