The rand/dollar rate

LiquidCocaine

Well-Known Member
Joined
Jul 8, 2013
Messages
171
This may be a really dumb question but will the Dollar price drop any time soon? I'm no investor I just wish to import something so I just wanted to know.

Thanks:)
 

MKFrost

Expert Member
Joined
Oct 23, 2012
Messages
3,837
I'm no analyst but my best guess is that it might hit the R10.50 level where we should see a rather strong pullback towards the R10.00 area. If it however breaks through the R10.50 area we might end up seeing it turn around the R11.00 area but we should then see a deeper pullback to possibly below the R10.00 level i.e. R9.60 or thereabouts.

If so the question that remains is WHEN.... there is just to many factors having an influence and I have not polished my crystal ball in quite some time.
 
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