# Rand expected to weaken almost 8% this year - Moneyweb

> A Reuters poll of up to 39 strategists expects the rand to weaken almost 8% to 14.43 per dollar within a year. The forecast reflects difficulty controlling public spending and the possibility of rapid US interest rate rises. Currency strategists also flagged the risk of further credit rating downgrades.

- Date: 2017-02-07 · published 2017-02-07T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/72791-rand-expected-to-weaken-almost-8-this-year-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand would raise the local-currency cost of dollar-priced feed ingredients imported by South Africa. Forecasts like this can shift import hedging decisions, though they do not directly change supply.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-expected-to-weaken-almost-8-this-year/

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