# 7 things that affected the rand in 2018 | News24

> News24 reviews the events that shaped the rand in 2018, including Zuma's ousting, the budget, and cabinet changes. The rand had traded as strong as about R11.90 per dollar earlier in the year and was near R14.30 at the time of writing.

- Date: 2018-12-30 · published 2018-12-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/61838-7-things-that-affected-the-rand-in-2018-news24
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Political and fiscal shocks drive rand swings that change the local currency cost of imported feed inputs.

## Read by commodity

- USDZAR: neutral

## Sources

- news24.com: https://www.news24.com/business/7-things-that-affected-the-rand-in-2018-20181230-2

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