The exchange rate of the rand  Of all the recent economic developments, the behaviour of the external value of the rand has attracted the most attention. The exchange rate of the rand has been very volatile during the past few years.
By regulating the fees that banks were able collect from cross-border euro-denominated payments within the EU, the Commission – in effect – cut the banks' income and forced them to develop cost saving measures in the processing of these payments. The new draft on the new legal framework for payments is coming soon.