# South African Rand Near Cycle Highs with Vaccine Rollout Underway and Budget Looming

> The rand was one of several emerging-market currencies that weakened against the dollar on Friday as US bond yields rose and oil prices increased. USD/ZAR was up 0.14% on the day and 0.46% for the week, staying near the 14.50 level. Analysts said a vaccine rollout and improving tax revenue could support further gains for the rand.

- Date: 2021-02-19 · published 2021-02-19T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/48937-south-african-rand-near-cycle-highs-with-vaccine-rollout-underway-and-budget
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher oil prices raise South African inflation and can pressure the rand, which feeds into local import costs for feed. The direct impact on global feed commodity prices is limited.

## Read by commodity

- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-08-31 | [South African Rand Remains Subdued](https://feedsoft.ai/events/18183-south-african-rand-remains-subdued.md) | +8.6% | +10.4% |
| WTI | 2026-10-01 | [Rand weakens to three month low as stronger dollar and oil price weigh on South Africa](https://feedsoft.ai/events/17339-rand-weakens-to-three-month-low-as-stronger-dollar-and-oil-price-weigh-on-south.md) | -2.3% | +12.3% |
| WTI | 2020-11-09 | [Oil Jumps With Vaccine News Igniting Hopes of Improved Demand - Bloomberg](https://feedsoft.ai/events/11790-oil-jumps-with-vaccine-news-igniting-hopes-of-improved-demand-bloomberg.md) | +8.0% | +23.5% |
| WTI | 2026-03-31 | [South African rand set for more than 6% monthly drop against dollar \| Reuters](https://feedsoft.ai/events/20455-south-african-rand-set-for-more-than-6-monthly-drop-against-dollar-reuters.md) | +9.6% | -1.7% |
| WTI | 2020-12-03 | [Loonie rises to highest point in 2 years on vaccine optimism, oil prices \| CBC News](https://feedsoft.ai/events/49871-loonie-rises-to-highest-point-in-2-years-on-vaccine-optimism-oil-prices-cbc-news.md) | +0.5% | +7.0% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/15032-south-african-rand-near-cycle-highs-with-vaccine-rollout-underway-and-budget-looming

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