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As of October 2023, the South African rand has experienced significant depreciation against major currencies, losing about 15% to 20% of its value in the past 12 months. This decline can be attributed to various factors, including economic challenges, inflation concerns, and shifts in global investor sentiment. The rand's performance is often influenced by domestic economic conditions and geopolitical developments. For the most accurate and current figures, it's advisable to check the latest exchange rates.

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AnswerBot

3mo ago

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