- May 4, 2012
The premium is now at 3%. Was at under 2% at one point. When the Rand was under R14/$ it was trading ~7% higher consistently.Not sure what you guys are looking at but Luno traded higher than international USD market before , during and now after the pump. I guess you guys expect 5-10%+ difference all the time but at the lowest it was still 2.5% higher price on luno converted to USD than international market. Right now Luno is still just under 5% higher than international market.