The rand/dollar rate

[LiquidCocaine]

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

 

[HavocXphere]

Nope.

 

[MKFrost]

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.

 

[Yotch]

I doubt that the rate will improve before the 2014 election and then it may even deteriorate further. This development doesn't seem to inspire confidence either ...
http://www.iol.co.za/business/news/...-after-treaties-halted-1.1603952#.Un0usPnIZ1c

 

[noswal]

Buy now, avoid the rush!

 

[MKFrost]

I doubt that the rate will improve before the 2014 election and then it may even deteriorate further. This development doesn't seem to inspire confidence either ...
http://www.iol.co.za/business/news/...-after-treaties-halted-1.1603952#.Un0usPnIZ1c

Yes our government is not doing the Rand any favours....