 RAND becomes stronger than dollar, RAND breaches 12 to the dollar. Johannesburg, the RAND on Wednesday morning breached the R-12 slash dollar barrier for the first time since 2015, reaching R-1194 slash dollar by 11.30 cat. The RAND was relatively stronger throughout Wednesday morning, helped by a weak dollar. The impetus this time came from the overseas markets where the dollar hovered at fresh three-year lows against the basket of currencies. The dollar weakness since the start of the year has caught some off-guard coming in the face of upbeat indicators that backed the case for more interest rate increases. May 1, 2018 RAND becomes stronger than dollar, RAND breaches 12 to the dollar. Mzansi Stories, http colon slash slash www.mzansistories.com slash 2018 slash 01 slash RAND hyphen becomes hyphen stronger hyphen than hyphen dollar hyphen RAND dot html 2 fourths newer post older post global equity markets showed continued upward momentum helping the RAND which has been one of the best performing currencies at least since December. Standard Bank trader Warwick Butler said in an emailed note on Tuesday that the RAND moves since December, when Cyril Ramaphosa was elected as the new leader of the ANC, were overextended. There has been so much priced into the RAND since Ramaphosa's victory that the potential for increasingly swift moves are probably highly unlikely. If anything further strengthening should be more of a grind. At 9.39 AM the RAND was at R12.0259 to the dollar from R12.0333 at R14.8104 to the euro from R14.7987 and at R16.8756 to the pound from R16.8456. The euro was at 1.2315 dollars from 1.2298 dollars.