© Via Afrika Publishers spent. Therefore the tourism multiplier affects GDP and is very important for South Africa because we need to grow the economy and create more jobs.
3. The concept strong and weak rand Strong currency,
also known as a hard currency, refers to a currency when it is worth more relative to other currencies. A weak currency,
also known as a soft currency, is a currency whose value has depreciated significantly overtime against other currencies and will fluctuate erratically or depreciate against other currencies. A weak currency is often the result of political or fiscal instability in the country. The terms strong rand and weak rand are used in the foreign exchange market to describe the value and strength of the South African Rand against other currencies. When one unit of our currency trades for more units of another currency, it is known as a strong rand.
4. The relative strength and weakness of a currency at specific times Share with your friends: 
