Rand weakens past R19/$ as oil prices plummet

The rand broke through R19/$ on Tuesday as emerging-market currencies fell alongside plummeting oil prices.

At 11.40am, the rand had weakened 1.37% to R19.0687/$, earlier weakening  to a two-week low of R19.07. It was down 1.13% to R20.6755/€ and 0.75% to R23.5661/£. The euro had weakened 0.22% to $1.0843.