# Rand hits 30-MONTH low: Here’s what $1 is now worth in ZAR

> The rand hit its weakest level in about two and a half years against the US dollar this week, at levels last seen early in the pandemic. The article attributes the slump to the Russia-Ukraine war, supply-chain cost pressures, and domestic power outages, including stage 6 load shedding. Investor confidence in South Africa has weakened as a result.

- Date: 2022-11-01 · published 2022-11-01T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/39429-rand-hits-30-month-low-here-s-what-1-is-now-worth-in-zar
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the cost of imported feed ingredients and other inputs for South African livestock producers and feed mills. Ongoing power cuts add operational risk for domestic processing.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- thesouthafrican.com: https://www.thesouthafrican.com/business/breaking-current-exchange-rate-rand-dollar-zar-usd-live-markers-tuesday-25-october/

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