# What’s happening with the rand?

> The rand weakened to around R16.60 per dollar on April 28 from near R16.40, as global uncertainty, rising oil and a stronger dollar pushed investors away from emerging-market currencies ahead of a US rate decision. Trump rejected Iran's latest proposal to end the war.

- Date: 2026-04-28 · published 2026-04-28T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/20005-what-s-happening-with-the-rand
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker rand raises the local cost of dollar-priced feed ingredients. Rising oil prices also add to freight and fuel costs for feed buyers.

## Read by commodity

- WTI: bullish ▲
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-04-30 | [Is the rand on the brink of breaching R17?](https://feedsoft.ai/events/20002-is-the-rand-on-the-brink-of-breaching-r17.md) | -10.8% | -16.4% |
| WTI | 2024-04-04 | [Why is the rupee falling?](https://feedsoft.ai/events/31011-why-is-the-rupee-falling.md) | +0.9% | -6.8% |
| WTI | 2020-08-24 | [Why the loonie's bond with oil remains strong \| Wealth Professional](https://feedsoft.ai/events/51860-why-the-loonie-s-bond-with-oil-remains-strong-wealth-professional.md) | +1.5% | -7.2% |
| WTI | 2024-04-17 | [How the rupee’s fall can impact the economy and what RBI can do about it \| Mint](https://feedsoft.ai/events/31013-how-the-rupee-s-fall-can-impact-the-economy-and-what-rbi-can-do-about-it-mint.md) | -2.3% | -7.9% |
| WTI | 2026-08-31 | [The Dollar Index falls through a war and a hawkish repricing](https://feedsoft.ai/events/18080-the-dollar-index-falls-through-a-war-and-a-hawkish-repricing.md) | +9.6% | +4.0% |

## Sources

- iol.co.za: https://iol.co.za/business/economy/2026-04-28-whats-happening-with-the-rand/

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