# USD/ZAR breaches 18: When is it best to buy US dollars? - Moneyweb

> 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.

- Date: 2022-10-07 · published 2022-10-07T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/39430-usd-zar-breaches-18-when-is-it-best-to-buy-us-dollars-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

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.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/financial-advisor-views/usd-zar-breaches-18-when-is-it-best-to-buy-us-dollars/

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