Analysts expect that the rand could strengthen slightly if Zuma goes today.
Expect to breathe – that's if the rand continues to strengthen.
Ramaphosa supporters have reportedly told Zuma to step down or risk being recalled.
The increase is a result of the rand depreciating against the U.S. dollar.
Moody's joined Fitch Ratings in slating the controversial charter.
Dr. Rossouw talks to HuffPost about Malusi Gigaba's effect on the rand and how the French election could affect the currency in the future.
The rand fell 1,1 percent against the dollar after ANC leaders backed down on their calls for Zuma to quit.
Analysts believe the Rand will weaken even further.
While the impact of the ratings downgrade will not be felt now. But in the longer term, petrol and food prices will go up.
The Rand is in freefall, showing its lowest performance in two years.