The ZAR Exchange Rate Thread

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Space_Chief said:
Because people are not fooled by "jitter". The general trend is down, down, down. And 50 cents is worthless these days.
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Nobody here is denying a downward trend. All they're doing is tracking the rand. Which will naturally include "jitter".
 
Knyro said:
Nobody here is denying a downward trend. All they're doing is tracking the rand. Which will naturally include "jitter".
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Dude you're having issues with this: "If it had moved 50 cents in the other direction you can bet more people would have posted about it."

That's what I'm responding to. You're arguing about not enough people posting the increase in the Rand value recently, but someone did just that. How many people need to "track" something to satisfy you? Is there some gold standard :) we can relate to this?

My point was that not so many people post about this because we all know that the underlying structural problems in SA mean that the Rand will continue to go down with some hiccups along the way and so people will only really get excited if it shows a substantial recovery to prove their pessimism wrong and so generate a high volume of posts. I speculate :) of course.

Darn too many puns, eh? :)
 
Space_Chief said:
Dude you're having issues with this: "If it had moved 50 cents in the other direction you can bet more people would have posted about it."

That's what I'm responding to. You're arguing about not enough people posting the increase in the Rand value recently, but someone did just that. How many people need to "track" something to satisfy you? Is there some gold standard :) we can relate to this?
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Note how all this started:

StrontiumDog said:
ZAR/USD exchange rate is 11,92, but nobody posted this? :confused:
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Knyro said:
MyBBers only care when the exchange rate gets worse so that they can shout about how the sky is falling :p
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The one that "did just that" is the one arguing that not enough people are posting. I answered his question as to why.

My point was that not so many people post about this because we all know that the underlying structural problems in SA mean that the Rand will continue to go down with some hiccups along the way and so people will only really get excited if it shows a substantial recovery to prove their pessimism wrong and so generate a high volume of posts. I speculate :) of course.

Darn too many puns, eh? :)
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And so are you. None of the above is contrary to what I said. You seem to think I have some kind of problem with the small number of people posting when the rand strengthens. I don't. All I'm doing is pointing it out. You made way too much of a tounge-in-cheek post.
 
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Space_Chief said:
We all know that businesses have an incentive to avoid reducing prices because they gain a bit, all the while they will jump through multiple hoops to avoid losing a cent. Heck, I would. Besides the Rand is only going down in the long term.

3 years--- er, how about the last 20-30 years? It used to be > 1 Dollar.
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I know what you're saying but it has come down in periods that the rand strengthened. There was a time before where our rand was 12 to the dollah. It came back to 8 or 9.

Businesses aren't all out to rip us off. I know people are seeing that prices just go up but that is a false observation. When the rand strengthens enough and not just "jitters" as you call it, the prices of imported goods do come down. What people aren't seeing is that when it jitters upwards prices don't go up as well. That's because the importers and distributors will try to keep prices the same and absorb the costs. When it jitters downward again they take their profits. If it's shown an upward trend for a while they have to increase prices and that is what people have been seeing for the last 3 years. Before that however there was a downward trend and we did see imported prices coming down.
 
Swa said:
I know what you're saying but it has come down in periods that the rand strengthened. There was a time before where our rand was 12 to the dollah. It came back to 8 or 9.

Businesses aren't all out to rip us off. I know people are seeing that prices just go up but that is a false observation. When the rand strengthens enough and not just "jitters" as you call it, the prices of imported goods do come down. What people aren't seeing is that when it jitters upwards prices don't go up as well. That's because the importers and distributors will try to keep prices the same and absorb the costs. When it jitters downward again they take their profits. If it's shown an upward trend for a while they have to increase prices and that is what people have been seeing for the last 3 years. Before that however there was a downward trend and we did see imported prices coming down.
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You need to include this.
 

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Now we wait for the rest of the world to wake up to our wonderful Rand's value!

I wonder when the PC crowd is going to tell us that the name of our currency is racist.
 
Garyvdh said:
Now we wait for the rest of the world to wake up to our wonderful Rand's value!

I wonder when the PC crowd is going to tell us that the name of our currency is racist.
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The Rand, all things consider still "works"...free floating with limited gov interference. The less attention is drawn to it the less the chance of some cadre deciding he/she needs to mess with it.:sick:
 
Was R11.70 somthing this morning according to the business report on 702, but see it has gone back up a bit again to R11.82. Still, that is a nice jump.
 
Thor187 said:
Theory is 100% correct


Unfortunately Reality is we have less than humans governing South Africa.
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I don't see how that is relevant. Nothing stopping entrepreneur minded South Africans from taking advantage of the competitive edge you have to manufacture here instead of importing. Most undervalued currency in the world remember.
 
Midnight_choir_drunk said:
I don't see how that is relevant. Nothing stopping entrepreneur minded South Africans from taking advantage of the competitive edge you have to manufacture here instead of importing. Most undervalued currency in the world remember.
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Beee is stopping them and I promise you the individual entrepreneur does not have the power to change this trend
 
Ockie said:
Was R11.70 somthing this morning according to the business report on 702, but see it has gone back up a bit again to R11.82. Still, that is a nice jump.
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And its going to go up to around R12.14 to R12.20 within the next week or two.
 
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