The ZAR fell against all currencies thanks (in part) to Julius' racist rhetoric. Treasonous little Amin.Now you know
The ZAR fell against all currencies thanks (in part) to Julius' racist rhetoric. Treasonous little Amin.Now you know
What other reasons are we looking at here. It took a nasty turn and it’s still going up.The ZAR fell against all currencies thanks (in part) to Julius' racist rhetoric. Treasonous little Amin.
So the other damage to the ZAR against all the currencies is due to Julius? Seems a bit extreme. Sorry if I am being ignorant here, just trying to understand how the rand is so volatile at the moment.General risk-off sentiment - primarily due to the USA getting their credit rating downgraded.
So the other damage to the ZAR against all the currencies is due to Julius? Seems a bit extreme. Sorry if I am being ignorant here, just trying to understand how the rand is so volatile at the moment.
US messed us up again, Julius had nothing to do with itWell that escalated quickly!
US messed us up again, Julius had nothing to do with it
It will bounce back but when
It lowered to R14 recentlyLol.
Bounce back to what? The rand has been in an accelerated and constant retreat against all major currencies since 2011.
What is recently?It lowered to R14 recently
Seems recent is almost a year and a half agoWhat is recently?
Indeed. Time stops for fak ma poohey.Seems recent is almost a year and a half ago
Compared to 2011, it is recentlySeems recent is almost a year and a half ago
Having the DA in power will be like the whole country being on a taxi strike.Rand will recover when loadshitting ends. Now if we can get DA into power we might see sub 12 zar again. Although I'm not betting on that to happen in the short term or in my lifetime at least hence being the reason I invest my saving in offshore etf's like Nasdaq and S&p500.
Yeah blame the US for our shitty currency.US messed us up again, Julius had nothing to do with it
It will bounce back but when
Well, the US has an effect on everyone else, if their economy is weak or strong it trickles down simply because they are the world's reserve currency, they control SWIFT and they are the largest economy on the planet..so it's not unreasonable to assign blame to them when there's movement over there.Yeah blame the US for our shitty currency.
As a matter of interest, do you invest in those ETF's in South African institutions like Satrix, or do you take it offshore first and then buy there?Rand will recover when loadshitting ends. Now if we can get DA into power we might see sub 12 zar again. Although I'm not betting on that to happen in the short term or in my lifetime at least hence being the reason I invest my saving in offshore etf's like Nasdaq and S&p500.