# The rand could hit R21.40 to the dollar in 2024, warns Investec – BusinessTech

> Investec's worst-case scenario projects the rand could weaken to R21.40 to the dollar by the end of 2024 and R21.90 by the end of 2025, though it assigns this a very low probability. Its most likely outcome is an average of R18.17 to R19.09 for the year, with the risks being delayed US rate cuts, a US recession, and Middle East escalation.

- Date: 2024-04-23 · published 2024-04-23T12:00:00.000Z
- Category: macro · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/31039-the-rand-could-hit-r21-40-to-the-dollar-in-2024-warns-investec-businesstech
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The forecast is a tail-risk scenario rather than a base case, but a sharp rand depreciation would raise the local cost of imported feed ingredients and energy.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- businesstech.co.za: https://businesstech.co.za/news/trending/768994/the-rand-could-hit-r21-40-to-the-dollar-in-2024-warns-investec/

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