# Absa: South Africa’s rand will rally into year-end with risks priced in

> Absa's currency strategist expects the rand to strengthen to 15.75 per dollar by year-end, arguing that much of South Africa's macroeconomic risk is already priced in. The rand was trading near 16.33 per dollar at the time, after falling to 19.35 in March.

- Date: 2020-09-16 · published 2020-09-16T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/51397-absa-south-africa-s-rand-will-rally-into-year-end-with-risks-priced-in
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

An expected rand rally would lower South African import costs for feed ingredients, but the outlook is a forecast with no direct supply or demand change for feed commodities.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2020/09/16/absa-south-africas-rand-will-rally-into-year-end-with-risks-priced-in.html

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