# Rand trading surges as war spawns volatility, Sarb says - Moneyweb

> 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.

- Date: 2026-06-30 · published 2026-06-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/19095-rand-trading-surges-as-war-spawns-volatility-sarb-says-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

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.

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/economy/rand-trading-surges-as-war-spawns-volatility-sarb-says/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.