# Expect more volatility from the rand in 2023 - Moneyweb

> 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.

- Date: 2023-02-26 · published 2023-02-26T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/37622-expect-more-volatility-from-the-rand-in-2023-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

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.

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/in-depth/absa-relationship-banking/expect-more-volatility-from-the-rand-in-2023/

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