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 was used to compare the
relationship between the variables. The coefficient of negative 1 shows a weak negative
relationship whilst positive 1 shows perfect strong relationship, furthermore the
coefficient of zero shows no relationship between the variables. From the statistical
analysis, the correlation coefficients were found to be 0.633956, which means a
moderate positive relationship between the constant USD and the South African rand
Mashifane, K. & T, S (2024). STATISTICAL RELATIONSHIP OF AMERICAN DOLLAR INCREMENT ON THE SOUTH AFRICAN RAND OVER THE PAST 12 MONTHS. Afribary. Retrieved from https://afribary.com/works/statistical-relationship-of-american-dollar-increment-on-the-south-african-rand-over-the-past-12-months
Mashifane, Koketso, and SUPERVISOR: T "STATISTICAL RELATIONSHIP OF AMERICAN DOLLAR INCREMENT ON THE SOUTH AFRICAN RAND OVER THE PAST 12 MONTHS" Afribary. Afribary, 18 Jun. 2024, https://afribary.com/works/statistical-relationship-of-american-dollar-increment-on-the-south-african-rand-over-the-past-12-months. Accessed 24 Nov. 2024.
Mashifane, Koketso, and SUPERVISOR: T . "STATISTICAL RELATIONSHIP OF AMERICAN DOLLAR INCREMENT ON THE SOUTH AFRICAN RAND OVER THE PAST 12 MONTHS". Afribary, Afribary, 18 Jun. 2024. Web. 24 Nov. 2024. < https://afribary.com/works/statistical-relationship-of-american-dollar-increment-on-the-south-african-rand-over-the-past-12-months >.
Mashifane, Koketso and T, SUPERVISOR: . "STATISTICAL RELATIONSHIP OF AMERICAN DOLLAR INCREMENT ON THE SOUTH AFRICAN RAND OVER THE PAST 12 MONTHS" Afribary (2024). Accessed November 24, 2024. https://afribary.com/works/statistical-relationship-of-american-dollar-increment-on-the-south-african-rand-over-the-past-12-months