# South African Rand (USD/ZAR) Breaches 17 Per Dollar for First Time Since 2023 - Bloomberg

> The rand strengthened below 17 per dollar for the first time since February 2023 after a mid-term budget update included a lower inflation target and an improved fiscal outlook. Stocks and bonds rallied, and yields on government rand bonds fell to their lowest in seven years.

- Date: 2025-11-13 · published 2025-11-13T12:00:00.000Z
- Category: macro · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/22253-south-african-rand-usd-zar-breaches-17-per-dollar-for-first-time-since-2023
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A stronger rand reflects improved fiscal confidence and expectations of higher-for-longer rates, which can lower the local-currency cost of imported feed inputs. The effect on global feed prices is limited.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2025-11-13/rand-breaches-17-per-dollar-for-first-time-since-february-2023

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