The ZAR Exchange Rate Thread #2

[Pak Fa Fui]

UK GDP Q1 - 0,1%
UK GDP Q2 - 0,2%

 

[Priapus]

ZAR24.36 to Pound Sterling this morning. Even Liverpool yobbos can come and have a 5-star plus holiday here now.

I wonder if it’s going to hit £25/ZAR

Moving all my spare cash to a UK Savings account each month seems to be paying off.

 

[Harold_Crick]

In two weeks it went from nearly going below R17 to breaching R19. Crazy.

 

[cr@zydude]

In two weeks it went from nearly going below R17 to breaching R19. Crazy.

The rand is an incredibly volatile currency.

 

[Pak Fa Fui]

In two weeks it went from nearly going below R17 to breaching R19. Crazy.

Its the dollar and US interest rates, it will stabilise in September again and get better when they lower rates again
Without the war in Ukraine the rand will be R14

 

[JayM]

Then again, pour one out for Argentina:



I foresee the ZAR graph looking like the ARS one at some point in the future.

 

[Quicks]

Went up with R2 since July. Crazy...

 

[r4nd0m]

Interesting dip today:

USD to ZAR — Dollar to South African Rand Rate — TradingView

View live U.S. Dollar / South African Rand chart to track latest price changes. Trade ideas, forecasts and market news are at your disposal as well.

www.tradingview.com

 

[Wut]

Interesting dip today:
View attachment 1617587

USD to ZAR — Dollar to South African Rand Rate — TradingView

View live U.S. Dollar / South African Rand chart to track latest price changes. Trade ideas, forecasts and market news are at your disposal as well.

www.tradingview.com

It's still dropping

 

[Scooby_Doo]

Dollar weakness.

 

[wingnut771]

Do they know minister of loadshedding is minister of finance at the moment?

UPDATED: Electricity Minister Kgosientsho Ramokgopa acting as finance minister

Finance Minister Enoch Godongwana has been battling illness

mg.co.za

 

[Lupus]

Do they know minister of loadshedding is minister of finance at the moment?

UPDATED: Electricity Minister Kgosientsho Ramokgopa acting as finance minister

Finance Minister Enoch Godongwana has been battling illness

mg.co.za

View attachment 1617639

Hence why it's dropping. I mean have you seen the power stations with him in charge

 

[Scooby_Doo]

WATCH | 'Trophies untouched' - SARU after laptops, whisky and signed Bok jerseys stolen from office | News24

The SA Rugby Union says Rugby World Cup trophies are safe after burglars penetrated its Cape Town office on Tuesday.

www.news24.com

 

[Scooby_Doo]

WATCH | 'Trophies untouched' - SARU after laptops, whisky and signed Bok jerseys stolen from office | News24

The SA Rugby Union says Rugby World Cup trophies are safe after burglars penetrated its Cape Town office on Tuesday.

www.news24.com

This was the wrong thread.

 

[saturnz]

bankers doing banker things

Rand manipulation part of private sector's efforts to destabilise govt - Cabinet

Last week, the Competition Commission fined British multinational bank, Standard Chartered, R42 million after it admitted to engaging in currency manipulation.

ewn.co.za

 

[GrootVoet]

Wonder if they will be going after then SARB then also?

 

[saturnz]

Wonder if they will be going after then SARB then also?

the SARB is untouchable

 

[winner]

The story of the rand manipulation is weird for me.
My limited layman understanding of this issue is that at minimum people must be throwing in jail for ruining peoples lives. On the other hand, I see very little outcry about it outside Twitter. Am I missing something here?

 

[wingnut771]

How does the rand get manipulated?

 

[lkpat]

The story of the rand manipulation is weird for me.
My limited layman understanding of this issue is that at minimum people must be throwing in jail for ruining peoples lives. On the other hand, I see very little outcry about it outside Twitter. Am I missing something here?

I'm not convinced the story has much to it.