sarb speech, 2006-01-24
A notable development in the exchange rate of the rand during the last few months has been that it has become less volatile: the rand's historical volatility - a measure based on an average daily standard deviation calculation - declined from almost 21 per cent in June 2005 to below 10 per cent in October 2005, and has remained there in the subsequent two months.
Sentiment: neutral
Topic: mp_exchange_rate