Currency... Here we go again.

[vespax]

XE

US1 = 7.50017

Euro = 10.0454

Pound = 14.8384

Seems to happen every year or so.

 

[Pitbull]

XE

US1 = 7.50017

Euro = 10.0454

Pound = 14.8384

Seems to happen every year or so.

We lost about 20c to the Euro since last night

 

[NameOfBeast]

Is there a local site that has a comprehensive list of exchange rates of ZAR vs other currencies? Capped, I am. Candian$ vs ZAR?

 

[Pitbull]

Is there a local site that has a comprehensive list of exchange rates of ZAR vs other currencies? Capped, I am. Candian$ vs ZAR?

I'll check the rate for you quick

 

[Pitbull]

Canadian Dollar Rand = $ 0.145758 Canadian $ = R 6.86069

 

[NameOfBeast]

Canadian Dollar Rand = $ 0.145758 Canadian $ = R 6.86069

Thanks Pitbull! Last time I looked the exchange rate was about 6.50 ZAR/C$. That is a 30 cent drop. JTFC!

 

[Pitbull]

Ag... u checked over luch time

Rand - Euro = 9.93739

Fighting back nicely

 

[bwana]

XE

US1 = 7.50017

Euro = 10.0454

Pound = 14.8384

Seems to happen every year or so.

Awesome - thanks for the good news.

 

[Slooth]

Awesome - thanks for the good news.

That offshore cash coming in handy?

 

[James]

Just as I am about to move over seas..... Spanner in the works. Hopefully it sorts itself before October!

 

[CeeBee]

scuze me for pointing out my obvious ignorance.... I heard on the news lastnite they say the Rand dropped against the dollar coz of uncertainties regardng some issues in the US (US homeloan 'thing' me listening with hafa ear)
me don't get it... if there are probs in US, why other currencies become weaker/dollar stronger.... shouldn't problems/uncertainties in US make the dollar weaker, i.e. other (our) currency stronger?
(spose thats what I get for not paying attention in economics class )

 

[milomak]

The short answer is:

Problems in the states means international investors have become wary of risky investments. South africa is seen as a "risky" investment. Hence international investors pull their monies and the rand weakens.

 

[GavinMannion]

Pretty much all developing countries receive lashes when the major economies wobble.

If you check the indicators you will see the whole world is going nuts at the moment, it should settle down soon enough though..

 

[Perdition]

Place your bets, bull or bear?

 

[tian.]

scuze me for pointing out my obvious ignorance.... I heard on the news lastnite they say the Rand dropped against the dollar coz of uncertainties regardng some issues in the US (US homeloan 'thing' me listening with hafa ear)
me don't get it... if there are probs in US, why other currencies become weaker/dollar stronger.... shouldn't problems/uncertainties in US make the dollar weaker, i.e. other (our) currency stronger?
(spose thats what I get for not paying attention in economics class )

when the US sneezes, the rest of the world catches a cold...

 

[milomak]

take that. rates up by 50bp. Prime = 13.5%

 

[bwana]

That offshore cash coming in handy?

Its not just that - my folks are planning on a nice long visit so this will help them out no end.

 

[vespax]

getting a little stronger towards the end of the day.

Hopefully things will level out, but with int'l markets on the jitters, this might be the early stages of a long-road of difficult times ahead for many.

 

[krycor]

Amazing thing is the dollar this time is not as high as last time, but the pound is back up to 14.5o

 

[Slooth]

Its not just that - my folks are planning on a nice long visit so this will help them out no end.

And I'm considering a holiday over new year in london