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The rand has become the most volatile emerging-market currency, with its one-week implied volatility nearly matching Turkey's lira. The rand has fallen 3.5% against the dollar in the past week and is down about 13% for the year.
High rand volatility increases the cost of hedging imported feed ingredients priced in dollars for South African buyers.
moneyweb.co.zaColleen Goko, BloombergDec 11, 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.
