# South African rand firms to 10-month high a week before election | Reuters

> The rand strengthened to a 10-month high of about 18.03 per dollar on May 21, a week before the general election. Analysts cited expectations that the vote outcome was unlikely to disrupt markets.

- Date: 2024-05-21 · published 2024-05-21T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/30556-south-african-rand-firms-to-10-month-high-a-week-before-election-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A stronger rand lowers the local cost of dollar-priced feed ingredients, though election risk later reversed part of this move.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/africa/south-african-rand-firms-10-month-high-week-before-election-2024-05-21/

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