# A budget-to-budget analysis of the rand

> Citadel Global's annual review traces the rand's moves between the 2021 and 2022 budget speeches, focusing on how global dollar and Fed factors drove currency swings more than local events. The rand traded near 15.23 per dollar as of February 10, 2022.

- Date: 2022-02-28 · published 2022-02-28T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/42980-a-budget-to-budget-analysis-of-the-rand
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The analysis shows that global dollar strength and Fed policy drive rand moves more than domestic events, which matters for import costs when planning feed purchases.

## Read by commodity

- USDZAR: neutral

## Sources

- fanews.co.za: https://www.fanews.co.za/article/investments/8/economy/1021/a-budget-to-budget-analysis-of-the-rand/33974

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