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The rand breached R19 per dollar on Friday after a further Fitch downgrade to junk status. Analysts warned it could reach R20 soon.
The explainer covers how exchange rates are set and how currency moves affect the cost of imported oil and fuel.
A weaker rand raises the rand cost of dollar-priced imports including fuel and feed ingredients, which feeds into domestic input costs for South African livestock producers.
news24.comLameez OmarjeeApr 4, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
