# South African rand edges lower after budget balance, money supply

> The South African rand edged lower on Tuesday after budget data showed a December budget surplus of 19.47 billion rand, down from 44.97 billion a year earlier. Money supply growth and credit extension ended 2023 stronger than expected.

- Date: 2024-01-30 · published 2024-01-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/32391-south-african-rand-edges-lower-after-budget-balance-money-supply
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Fiscal and monetary data move the rand, which affects the local cost of imported feed ingredients for South African buyers. The impact on global feed prices is negligible.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/africa/south-african-rand-edges-lower-ahead-budget-balance-fed-meeting-2024-01-30/

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