# The rand is undervalued right now – here’s where it is heading for the rest of the year: Nedbank | Economy24

> Nedbank says the rand is undervalued but expects it to weaken over the rest of 2022. It cites tighter global monetary policy, the risk of recession and a narrowing of South Africa's trade and current account surpluses. Most of South Africa's major commodity export prices fell over the past month, apart from coal.

- Date: 2022-05-30 · published 2022-05-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/41696-the-rand-is-undervalued-right-now-here-s-where-it-is-heading-for-the-rest-of
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand would raise the local-currency cost of imported feed inputs. Falling South African commodity export prices also point to softer terms of trade.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- economy24.co.za: https://economy24.co.za/2022/05/the-rand-is-undervalued-right-now-heres-where-it-is-heading-for-the-rest-of-the-year-nedbank/

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