Rand takes sharp turn for the worse

[BusinessTech]

Rand takes sharp turn for the worse

The old adage about the higher things climb, the harder they fall, rang true for the rand on Monday as the local currency's recent rally came to a sharp end.

 

[3WA]

It’s back to levels last seen last week.

 

[satanboy]

 

[purrr]

These headlines

 

[Dolby]

I hope the distributors took advantage and placed orders while it was going well

 

[Lupus]

I hope the distributors took advantage and placed orders while it was going well

All of 1 day?

 

[NarrowBandFtw]

It’s back to levels last seen last week.

and it's also not the Rand, never is, the Dollar is on the move

 

[Dolby]

All of 1 day?

I thought it’s been going down the last year until a low point of 15.65?

And even if it was one day, we’d book our $, secure the rate & place the order.

 

[satanboy]

Thread 'South Africa’s rand still shining'

Feb 3, 2026

South Africa’s rand still shining

South Africa’s rand is undervalued at current levels, according to a survey of investors and economists, who see scope for further currency appreciation.

• BusinessTech
• Replies: 2
• Forum: BusinessTech News

 

[Lupus]

I thought it’s been going down the last year until a low point of 15.65?

And even if it was one day, we’d book our $, secure the rate & place the order.

Nah it's been about a month or so for it to start dipping in the 16 range, but the magical day for 15.

 

[Dolby]

Nah it's been about a month or so for it to start dipping in the 16 range, but the magical day for 15.

Exchange is 15% lower than a year back and even (almost) 1% lower on the day.

I did this for 15 years at various distributors and the exchange changed continually. You'd get quotes from the bank that would last x time and book as soon as you could, saving hundreds of thousands of Rand on an order. 1% was large.

Ordering at 9:00 and 16:00 on the same could yield pretty different. Missing an an order opportunity at 16:00 and then placing the following day at 9:00 was a gamble.





Exchange

 

[Lupus]

Exchange is 15% lower than a year back and even (almost) 1% lower on the day.

I did this for 15 years at various distributors and the exchange changed continually. You'd get quotes from the bank that would last x time and book as soon as you could, saving hundreds of thousands of Rand on an order. 1% was large.

Ordering at 9:00 and 16:00 on the same could yield pretty different. Missing an an order opportunity at 16:00 and then placing the following day at 9:00 was a gamble.


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Exchange

Yup but there were some big drops over the year, with it going into the 16 mark early December so sure it's 15% better now, but over the course of the year it fluctuated.

 

[Lupus]

In fact it supposedly gained 1% overnight? So will see

 

[thestaggy]

and it's also not the Rand, never is, the Dollar is on the move

Commodities as well. The rand has been riding a commodity wave.

Gold hit $5,500 last week and the rand moved to well below R16. Then gold had a mini collapse to $4,500 and the rand immediately responded to that, quickly losing ground against the dollar and climbing back above R16.

Gold has had a bit of recovery this week and the rand has again immediately responded and is back below R16.

 

[Vorastra]

 

[Dolby]

In fact it supposedly gained 1% overnight? So will see

The dollar trades 'overnight', which affects the Rand

 

[Quicks]

Anything for a few clicks.