# South African rand unchanged ahead of Q3 current account data — Southern African Herald

> The rand was unchanged at 18.96 per dollar in early trade on December 7 ahead of South Africa's third-quarter current account data. Analysts expected a deficit of 111 billion rand, and net foreign reserves rose to $56.3 billion at the end of November.

- Date: 2023-12-07 · published 2023-12-07T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/33013-south-african-rand-unchanged-ahead-of-q3-current-account-data-southern-african
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A widening current account deficit and currency pressure raise import costs for South African feed buyers. The impact on global feed prices is limited.

## Sources

- southernafricanherald.com: https://www.southernafricanherald.com/business/south-african-rand-unchanged-ahead-of-q3-current-account-data

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