# Rand could break through R15 to US dollar - Moneyweb

> The rand has been at a 20-month high against the dollar, trading at R17.16 on Thursday evening. Old Mutual's chief economist expects it could break the R15 level within three to six months as US rate cuts continue.

- Date: 2024-09-27 · published 2024-09-27T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/28619-rand-could-break-through-r15-to-us-dollar-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Analyst forecasts of further rand gains point to lower dollar-denominated import costs for South African feed buyers, though the outlook depends on US rate cuts.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/economy/rand-could-go-as-low-as-r14-says-economist/

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