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Rand trading turnover rose sharply in the first quarter of 2026, with the South African Reserve Bank attributing the increase to currency volatility from the Iran war. Rand transactions reached $13.7 billion, up from $11.4 billion in the prior quarter.
The bank also reported that the rand's real effective exchange rate rose 3.5% from March 2025 to March 2026.
This is a central bank review of FX market activity with no direct effect on feed commodity supply or demand. It is background on rand volatility.
moneyweb.co.zaNtando Thukwana, BloombergJun 30, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
