# What’s boosting the rand? - Moneyweb

> A PSG Old Oak portfolio manager attributes the rand's strength to record current-account surpluses and rising commodity exports, with precious metals and stones leading. Monthly commodity export receipts have reached almost R25 billion, against a decade average of about R16.5 billion. He notes that political uncertainty and last year's junk downgrade have not dented the currency.

- Date: 2021-04-30 · published 2021-04-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/47899-what-s-boosting-the-rand-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Strong commodity export receipts support the rand, which lowers the local-currency cost of imported feed inputs. The gain depends on commodity prices holding up.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/moneyweb-podcasts/moneyweb-now/why-is-the-rand-strengthening/

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