Rand breaks through R15/$

[Kevin Lancaster]

Rand breaks through R15/$

The rand has broken through R15 to the US dollar – the first time the rand has traded at these levels since Zuma fired former finance minister Nhlanhla Nene.

 

[saor]

Just a little bit more and we can start visiting Amazon again .

 

[mister]

Rand breaks through R15/$

The rand has broken through R15 to the US dollar – the first time the rand has traded at these levels since Zuma fired former finance minister Nhlanhla Nene in December 2015

Wtf? It hit R16 on 27/28th feb?

 

[saor]

Wtf? It hit R16 on 27/28th feb?

Yes - and it's down to R14.94 today.

 

[SauRoNZA]

Now let's hope it settles down there.

 

[Hamster]

Now let's hope it settles down there.

I'd lurv for it to settle at R8

 

[Creag]

Unfortunately, this is the new normal for the ZAR and our markets. Volatility. I am pleased to see the ZAR to improve, but it is still prone to wild swings both ways for the foreseeable future. Local news plays a part, but it is international sentiment toward so-called emerging markets that will rule the sway.

The good news is that the lower ZAR will ease our spend on oil and other essential imports (especially as Brent Crude has ticked up to around $40 a barrel).

 

[Flanders]

Now we just need a roll of duct tape for the showerheaded one.

 

[Rickster]

What was it before all this Nene mess?

 

[kooldude]

I'd lurv for it to settle at R8

That would be massive. I can then buy my airline tickets to USA knowing that I will have some spending money when I get there.

 

[Edwe]

What was it before all this Nene mess?

R14.35/$ the day before. You can see the spike in this graph after the first week of December http://www.xe.com/currencycharts/?from=USD&to=ZAR&view=1Y

 

[Rickster]

R14.35/$ the day before. You can see the spike in this graph after the first week of December http://www.xe.com/currencycharts/?from=USD&to=ZAR&view=1Y

Nice,


Watch someone say something stupid and it will fall again.

 

[Madhawk]

Just a little bit more and we can start visiting Amazon again .

 

[flippakitten]

Nice,


Watch someone say something stupid and it will fall again.

... I am going to go with a week.

 

[SauRoNZA]

I'd lurv for it to settle at R8

Let's be realistic now.

R14 would be decent.

R12 would be a dream come true.

 

[Lupus]

When the Rand actually dips below 15 and stays that way than maybe an article can be done. Currently it's back to 15.06, it's so volatile I've watched it gain 50 cents in a matter of an hour. Sometimes I am like damn I should buy dollars now and sell them when they high, but can't do that as it would be an hourly thing.

 

[Hamster]

Let's be realistic now.

R14 would be decent.

R12 would be a dream come true.

What's so unrealistic about it? It was R8 three and a half years ago: 30 Sept 2012 - R8.30

 

[Antybubbs]

When the Rand actually dips below 15 and stays that way than maybe an article can be done. Currently it's back to 15.06, it's so volatile I've watched it gain 50 cents in a matter of an hour. Sometimes I am like damn I should buy dollars now and sell them when they high, but can't do that as it would be an hourly thing.

Agreed - think the guys at Mybb don't have enough content

 

[Sneeky]

Getting excited about double digit ROE against the USD just shows how low we have sunk

 

[Valerion]

What's so unrealistic about it? It was R8 three and a half years ago: 30 Sept 2012 - R8.30

Not with the current economic climate and the economic decisions made by the ANC.