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South Africa's rand is among the five best-performing emerging-market currencies of 2024 for the first time since 2016, despite a December retreat that erased its year-to-date gains. Analysts at Credit Agricole and Ashmore cite carry appeal, lower inflation and reforms.
Credit Agricole forecasts 16.40 rand per dollar by end-2025.
A stronger rand forecast lowers rand-denominated import costs for South African feed buyers. The effect on global feed prices is small.
moneyweb.co.zaColleen Goko, Mpho Hlakudi, BloombergDec 31, 2024Not 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.
