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Standard Bank's chief economist forecasts the rand will end 2025 at R18.06 per dollar and strengthen slightly to R17.96 in 2026. He says commodity prices and global trade tensions will be the main drivers.
A forecast of a weaker rand through 2025 implies higher dollar-priced feed import costs for South African buyers. The forecast depends on commodity demand and trade policy.
Not 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.