# South Africa Exchange Rate April 2020

> The FocusEconomics monthly review says the rand hit a record low of 18.98 per dollar on 24 April, down 26.3% year to date. Weakness followed Moody's downgrade, Fitch's junk downgrade and an unexpected central bank rate cut. Analysts expected partial recovery but continued pressure from the pandemic.

- Date: 2020-04-24 · published 2020-04-24T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/53912-south-africa-exchange-rate-april-2020
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A record-low rand makes dollar-priced feed imports more expensive for South African buyers, reinforcing upward pressure on domestic feed costs.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- focus-economics.com: https://www.focus-economics.com/countries/south-africa/news/exchange-rate/rand-slumps-to-new-all-time-low-on-rising-fiscal-concerns/

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