The rand index (RAIN) is a currency index that tracks the performance of the rand against a basket of five other currencies, representing South Africa’s most prominent international trading partners. The five currencies and their weights in the index is determined based on the value of goods imported and exported between South Africa and its trading partners, as reported by the South African revenue service (SARS).

The five currencies included in the index are the euro, US dollar, Chinese yuan, UK pound and Japanese yen.

Who should use this?

The index itself is not a tradable product, but a measure of performance of the South African rand. Market commentators, economists, traders and investors interested in identifying market patterns can refer to the RAIN. Those interested in taking a direct view on the rand’s performance can trade currency futures or options.


  • Measures rand strength or weakness relative to that of South Africa’s main international trading partners
  • Observe the competitiveness of South African goods in international import and export markets
  • Gauge the price fluctuations of the South African rand versus those of the currencies of its prominent international trading partners

If you require more information let’s connect on +27 11 520 7000 or [email protected]


2 MB
30.10.2019 08:14
47.12 KB
30.10.2019 08:14