# EXPLAINER: Why you should care about the rand-dollar exchange rate | News24

> 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.

- Date: 2020-04-04 · published 2020-04-04T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/53915-explainer-why-you-should-care-about-the-rand-dollar-exchange-rate-news24
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

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.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- news24.com: https://www.news24.com/business/economy/explainer-why-you-should-care-about-the-rand-dollar-exchange-rate-20200404

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