# How the rand could perform against the dollar over the next 3 years – BusinessTech

> Absa's Global Investments & Solutions published a three-year rand forecast in its October report. It expects the rand to see a slight boost or loss around the ANC's December leadership vote before gradually weakening as other factors weigh. Analysts said the ratings downgrades were largely priced in.

- Date: 2017-11-27 · published 2017-11-27T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/68289-how-the-rand-could-perform-against-the-dollar-over-the-next-3-years-businesstech
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A gradual rand decline over several years would keep dollar-priced feed ingredients more expensive for South African buyers. The forecast implies a slow trend rather than a sudden price shock.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- businesstech.co.za: https://businesstech.co.za/news/finance/213183/how-the-rand-could-perform-against-the-dollar-over-the-next-3-years/

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