# SA’s rand emerges as a leading emerging market currency - Moneyweb

> 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.

- Date: 2024-12-31 · published 2024-12-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/27256-sa-s-rand-emerges-as-a-leading-emerging-market-currency-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A stronger rand forecast lowers rand-denominated import costs for South African feed buyers. The effect on global feed prices is small.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/south-africa/sas-rand-emerges-as-a-leading-emerging-market-currency/

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