# Rand gains ground against the dollar

> The rand gained nearly 6 cents against the dollar to R13.16 on Friday as the greenback slipped after strong US second-quarter GDP growth. South African Reserve Bank governor Kganyago said the economy was unlikely to enter a second consecutive quarter of contraction, and Chinese President Xi pledged $14.7 billion in investment.

- Date: 2018-07-30 · published 2018-07-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/64323-rand-gains-ground-against-the-dollar
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger rand lowers the local cost of dollar-priced feed ingredients, while the broad dollar softness is mildly supportive for dollar-denominated commodity prices.

## Read by commodity

- DXY: bearish ▼
- USDZAR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-12-22 | [Won to continue gaining ground against dollar in 2021 - The Korea Times](https://feedsoft.ai/events/49889-won-to-continue-gaining-ground-against-dollar-in-2021-the-korea-times.md) | -0.6% | -0.1% |
| DXY | 2026-02-01 | [Dollar drops against dong](https://feedsoft.ai/events/21351-dollar-drops-against-dong.md) | +0.3% | +0.7% |
| DXY | 2023-05-25 | [Why is the Mexican Peso Gaining against the Dollar?](https://feedsoft.ai/events/36160-why-is-the-mexican-peso-gaining-against-the-dollar.md) | -0.4% | -1.1% |
| DXY | 2020-02-28 | [Baht gains more ground, as US dollar weakens](https://feedsoft.ai/events/54839-baht-gains-more-ground-as-us-dollar-weakens.md) | -0.5% | +4.3% |
| DXY | 2025-06-25 | [GBP: Is there room for sterling to make gains against the dollar?](https://feedsoft.ai/events/24476-gbp-is-there-room-for-sterling-to-make-gains-against-the-dollar.md) | -0.8% | -0.7% |

## Sources

- iol.co.za: https://iol.co.za/business-report/economy/2018-07-30-rand-gains-ground-against-the-dollar/

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