# Rand strengthens to highest level in five months - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

> The rand strengthened to its highest level in five months, trading near R13.98 to the dollar on December 30. The move reflected a weaker dollar, foreign inflows into high-yielding government bonds, and a wider trade surplus.

- Date: 2019-12-30 · published 2019-12-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/55836-rand-strengthens-to-highest-level-in-five-months-sabc-news-breaking-news
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A stronger rand lowers the rand price of imported feed ingredients for South African buyers, though the move is driven mainly by currency flows rather than grain fundamentals.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- sabcnews.com: https://www.sabcnews.com/sabcnews/rand-strengthens-to-highest-level-in-five-months/

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