# South African rand little changed after budget, trade data

> The South African rand was little changed against the dollar on Friday. The March budget balance came in at a deficit of 46.15 billion rand, while trade data showed a surplus of 6.89 billion rand.

- Date: 2023-04-28 · published 2023-04-28T12:00:00.000Z
- Category: report · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/36685-south-african-rand-little-changed-after-budget-trade-data
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Feed buyers see little direct grain impact from this rand move. A weaker rand can modestly lift the local-currency cost of imported feed inputs, but the effect here is negligible.

## Read by commodity

- USDZAR: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/south-african-rand-weaker-ahead-budget-trade-data-2023-04-28/

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