Loading…
The rand has depreciated about 16% against the US dollar over the past 12 months, moving from 15.92 at the start of 2022 to above 18. The article attributes this to risk-off investor flows, US interest rate hikes, the Russia-Ukraine war, and China's zero-Covid lockdowns.
South Africans are reluctant to move funds abroad at current levels.
Persistent rand weakness keeps dollar-denominated feed and fertilizer imports expensive for South African buyers. The article is a background piece on currency drivers rather than a new market event.
moneyweb.co.zaPierre CloeteOct 7, 2022Not 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.
