STATISTICAL RELATIONSHIP OF AMERICAN DOLLAR INCREMENT ON THE SOUTH AFRICAN RAND OVER THE PAST 12 MONTHS
The importance of the US Dollar to a mono economy and import dependent nation such as South Africa cannot be over emphasized in the most notable transactions that takes place in any economic process must have a direct or indirect connection with the dollars. The aim of the study is to find the relationship between American dollar and South African rand. The statistical relationship between inflation and petrol price were investigated using secondary data. The correlation coefficient...