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The Economist's Big Mac Index shows the rand to be undervalued by as much as 54.5%, with the currency trading near R16.70 to the dollar. Economists attribute the weakness to geopolitical tensions and global risk sentiment.
Persistent rand weakness keeps South African import costs for feed and fertiliser elevated, though the index itself is a long-run valuation gauge rather than a near-term price driver.
businesstech.co.zaJul 28, 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.
