# Rand powers to new five-month high - Moneyweb

> The rand rose to a new five-month high of about 14.04 per dollar on December 27, as global investors sought higher yields in emerging markets. South Africa's trade surplus widened to R6.1 billion in November.

- Date: 2019-12-27 · published 2019-12-27T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/55835-rand-powers-to-new-five-month-high-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand modestly lowers import costs for South African feed buyers, and the wider trade surplus is a small domestic factor.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-powers-to-new-five-month-high/

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