The ZAR Exchange Rate Thread #2

[BBSA]

https://twitter.com/x/status/1836649797140226148

 

[Pho3nix]

Dollar weakness. We will probably dip to R16 before the US elections and be at R19/$1 when Trump wins

I should have gone into finance

 

[Swa]

No man

 

[thestaggy]

Was also looking good for a major fuel price cut but I see oil is rallying, Brent recovering ~$4 in the past week.

 

[Scooby_Doo]

Was also looking good for a major fuel price cut but I see oil is rallying, Brent recovering ~$4 in the past week.

Likely due to $ weakness.

 

[Wrath of Khan MD]

it'll be R20000 by year end, never discount the ANC and policy changes this side of the iron curtain

the Rand never gets stronger, it depreciates 6% per year since 1994... welcome Communists welcome

 

[Wut]

it'll be R20000 by year end, never discount the ANC and policy changes this side of the iron curtain

the Rand never gets stronger, it depreciates 6% per year since 1994... welcome Communists welcome

 

[FlashSA]

Erm, WTF happened on Friday evening?

 

[Lupus]

Erm, WTF happened on Friday evening?
View attachment 1772492

Nothing that's broken, take a look at a few other Fridays where we went down to 12 apparently

 

[FlashSA]

Nothing that's broken, take a look at a few other Fridays where we went down to 12 apparently

Tnx. I should've checked XE first.

 

[Swa]

Yeah google doesn't work when the Rand isn't trading which is annoying. Funny checking crypto prices in Rand it's correct.

 

[BBSA]

 

[FlashSA]

Mr Dollar! Welcome to 2025. The Rand will bend over for you now :-/

R19.11

Dollar strength apparently.....

 

[BBSA]

 

[TelkomUseless]

I thought our BRICS partnerships would be the savior for us ? Cheaper petrol, cheaper everything ...

Who needs those pesky western USA..../s

 

[Wut]

May 2023

USD to ZAR 18.89

Nearly two years later:
USD to ZAR 19.02

View attachment 1809595

A ZAR 0.13 or less than 0.7% change.

 

[Slckrck]

May 2023

Nearly two years later:
USD to ZAR 19.02

A ZAR 0.13 or less than 0.7% change.

View attachment 1809598

It's still baffling that we are tethered to Euro pricing in SA, when we supposedly have such strong economic ties with China. Our exchange rate to the worlds manufacturing hub should be better. I don't get why we're not allowed to benefit from being in BRICS and be so preoccupied with the dollar exchange rate.....we can trade bilaterally for our imports and use that to prop up our Dollar reserves.

 

[pstation]

It's still baffling that we are tethered to Euro pricing in SA, when we supposedly have such strong economic ties with China. Our exchange rate to the worlds manufacturing hub should be better. I don't get why we're not allowed to benefit from being in BRICS and be so preoccupied with the dollar exchange rate.....we can trade bilaterally for our imports and use that to prop up our Dollar reserves.

You could trade in Yuan if you really wanted to, but what is the point really when the yuan ultimately pegged to the dollar?

 

[Swa]

I thought our BRICS partnerships would be the savior for us ? Cheaper petrol, cheaper everything ...

Who needs those pesky western USA..../s

The problem isn't BRICS as a trading partner as that is where most of our trade occurs. It's our policies regarding terrorist states.

 

[JayM]