South African rand losses in the currency to look for higher-yield investments elsewhere and due to concerns over the impact of the economic slowdown in China, South Africa's largest export partner. By mid-January, economists were speculating that the Rand could expect to see further volatility for the rest of 2016. By 29 April, it reached its highest performance over the previous five months, exchanging at a rate of 14.16 to the United States dollar. Following the United Kingdom's vote to leave the European Union (EU), the Rand dropped in value over 8% against the United States dollar on 24 June 2016, the currency's
Rand McNally Rand McNally map, created using a new cost-saving wax engraving method, appeared in the December 1872 edition of its "Railroad Guide". Rand McNally became an incorporated business in 1873, with Rand as its president and McNally as vice president. The "Business Atlas", containing maps and data pertinent to business planning, was first published in 1876. The atlas is still updated today, now titled the "Commercial Atlas & Marketing Guide". The Trade Book department was established in 1877, publishing such titles as "The Locust Plague in the United States". Rand McNally began publishing educational maps in 1880 with its first line