# Rand volatility falling ahead of elections, budget speech

> The rand's strong start to 2019 is continuing, and expected volatility has fallen to near an eight-month low. Traders are discounting upcoming risks such as the budget speech, a ratings review and May elections.

- Date: 2019-01-29 · published 2019-01-29T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/61382-rand-volatility-falling-ahead-of-elections-budget-speech
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Lower rand volatility makes dollar-denominated feed imports easier to price for South African buyers. The story does not point to a change in feed grain supply or demand.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- biznews.com: https://www.biznews.com/global-citizen/rand-volatility-falling-ahead-elections-budget-speech

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