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Analysts' forecasts for the rand in 2019 range widely, with Nomura seeing 12.75 per dollar and JPMorgan 16.50, and a median near 13.95. Implied volatility on the rand remains about 200 basis points above its five-year average.
Expected rand volatility and a possible credit downgrade could push South African import costs for feed ingredients sharply higher or lower in 2019.
moneyweb.co.zaColleen Goko, BloombergDec 26, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
