# How South Africa’s Rand (ZAR/USD) Became a Top Five Currency Performer in EM - Bloomberg

> South Africa's rand finished 2024 among the five best-performing emerging-market currencies, though a steep December sell-off erased its year-to-date gain, leaving it down about 2%. It ranked fifth behind the Malaysian ringgit, Hong Kong dollar, Thai baht and Peruvian sol among 24 tracked currencies. Developing-nation currencies broadly struggled as strong US growth supported the dollar.

- Date: 2024-12-31 · published 2024-12-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/27250-how-south-africa-s-rand-zar-usd-became-a-top-five-currency-performer-in-em
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand lowers the rand cost of South African imports and marginally eases pressure on local feed-ingredient and maize prices. The effect on world feed prices is small.

## Read by commodity

- USDZAR: neutral

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-12-31/how-south-africa-s-rand-zar-usd-became-a-top-five-currency-performer-in-em

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