# Thin veneer of calm reigns for rand before vote - Moneyweb

> Measures of rand volatility have dropped below their long-term averages ahead of the May 8 general election. The currency has traded in a 50-cent range since March and is the best-performing emerging-market currency this month, up 2.4% against the dollar. Nedbank warns that complacency is high and that volatility could rise as the vote approaches.

- Date: 2019-04-08 · published 2019-04-08T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/59863-thin-veneer-of-calm-reigns-for-rand-before-vote-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A sharp rand sell-off around the election would raise the cost of imported feed ingredients for South African buyers. The current calm is a currency-market condition rather than a change in grain or protein supply.

## Read by commodity

- USDZAR: neutral

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/economy/thin-veneer-of-calm-reigns-for-rand-before-vote/

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