# Rand’s record leads standout quarter for South African assets - Moneyweb

> The rand is set to finish the first quarter more than 10% stronger against the US dollar, its best start to a year since Bloomberg began tracking the pair in 1993. South African equities and bonds also posted strong returns as commodity prices rose. Investors moved funds into South Africa as a haven from the Ukraine war and Fed tightening.

- Date: 2022-03-31 · published 2022-03-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/42552-rand-s-record-leads-standout-quarter-for-south-african-assets-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Higher commodity prices and a stronger rand together show that South Africa's export earnings are rising. A firmer rand makes dollar-priced commodity imports cheaper for South African buyers.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/economy/rands-record-leads-standout-quarter-for-south-african-assets/

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