# South African rand weakens against dollar | MarketScreener

> The South African rand weakened about 0.8% against the dollar on Wednesday, tracking the dollar in the absence of major domestic data. The rand traded at 19.2375 per dollar, and the Top-40 index closed down 1.4%.

- Date: 2024-02-28 · published 2024-02-28T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/31936-south-african-rand-weakens-against-dollar-marketscreener
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand has little direct effect on feed grain prices, but South African currency moves can affect local feed import costs and the competitiveness of South African demand.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- marketscreener.com: https://www.marketscreener.com/quote/currency/EURO-US-DOLLAR-EUR-USD-4591/news/South-African-rand-weakens-against-dollar-46047048/

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