Rand dips again!

[The_Pumpkin_King]

The rand dropped by 30cents this morning!

was buying it at 10.70 this morning, now buying a dollar for 11.01!

note: this is exchange rate for changing dollars for rands, not the official trading rate

O.T.R: 11.25

http://www.fin24.co.za/articles/default/display_article.aspx?ArticleId=1518-2385-2396_2416341

 

[Arthur]

Sell Rate dropped to 11.6011 and has eased back to 11.52 at present ... but note how the spread between buy and sell has narrowed considerably since last week. This indicates we might be seeing some short-term stability in the current range, just over R11 to the US dollar.