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A commentary published on 27 February 2023 says rand volatility will persist through 2023 after a 37% swing between peak and trough over the past year. It advises businesses to hedge forex exposures.
Continued rand volatility raises the cost and risk of importing feed ingredients priced in dollars for South African buyers. The piece is general analysis and does not signal a new price driver.
moneyweb.co.zaCiaran RyanFeb 26, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
