# Rand traders brace for a rocky ride over next two months - Moneyweb

> Two-month implied volatility on the rand rose to 20%, the highest in more than 11 months and the highest among major emerging currencies. The rise follows the bleak budget and reflects expected currency swings ahead of the ANC leadership conference on December 16-20, when Jacob Zuma is set to be replaced as party leader.

- Date: 2017-10-27 · published 2017-10-27T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/68777-rand-traders-brace-for-a-rocky-ride-over-next-two-months-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Higher implied volatility raises hedging costs for South African importers of feed ingredients. The story describes currency risk rather than a direct change in feed supply or demand.

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-traders-brace-for-a-rocky-ride-over-next-two-months/

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