The ZAR Exchange Rate Thread

[Space_Chief]

Worst since 1971 according to my link above, in fact, hard to imagine, but it was 67 SA cents to the US$ in 1974 :wtf:.

Don't worry. It's not so bad. It will get worse so look at R13 to the Dollar as a time when the Rand was strong.

 

[Spizz]

I had a quick look and found ZAR-US$ stats published 2014:


http://www.forecast-chart.com/usd-african-rand.html

Current US$ is around R12.83



Looks like it's going to break 20 to the £ anytime now, should be a cheap holiday other than the flights (some are already quoting above £20)

I'm GOING to UK. Still haven't changed yet

 

[Spizz]

You're probably thinking of the Pound, it's almost there again!

Yeah. Pound. Thought it had been 21 before but not according to the graph shown by bwana.

 

[Dave]

I'm GOING to UK. Still haven't changed yet

Aah, commiserations .

 

[Space_Chief]

I'm GOING to UK. Still haven't changed yet

Then you'll be earning GBP. You lucky guy!!!

 

[Spizz]

Aah, commiserations .

Thankfully doing a currency exchange with a friend so no commission or whatever. But not sure whether to just do it asap or rather wait until last minute?

Are/will things get better in the next couple of weeks?

 

[Spizz]

Then you'll be earning GBP. You lucky guy!!!

I wish but going a holiday with the family. Got 2 weddings to attend.

 

[Dave]

Thankfully doing a currency exchange with a friend so no commission or whatever. But not sure whether to just do it asap or rather wait until last minute?

Are/will things get better in the next couple of weeks?

Forex can go up as well as down blah blah blah

But it has only been going in one direction recently. When it breaks the psychological point of 20 with the mainstream forex dealers I would expect it to run upwards for a while.

 

[Spizz]

Forex can go up as well as down blah blah blah

But it has only been going in one direction recently. When it breaks the psychological point of 20 with the mainstream forex dealers I would expect it to run upwards for a while.

Yeah, i'll wait until Monday I think and make a call.

 

[chicken247]

Forex can go up as well as down blah blah blah

But it has only been going in one direction recently. When it breaks the psychological point of 20 with the mainstream forex dealers I would expect it to run upwards for a while.

ok , dave123, what be yer stoploss on this trade, or be ye sucking thumbs?

 

[Dave]

ok , dave123, what be yer stoploss on this trade, or be ye sucking thumbs?

Just from 2 decades of juggling the currencies and watching the markets (especially after making some stupid decisions around 2001 that lost me money when I moved money at totally the wrong time, so you could say a paid for education ).

 

[Sneeky]

14 year lows today.
Rand hits record lows amid strike concerns

http://www.fin24.com/Markets/Currencies/Rand-hits-record-lows-amid-strike-concerns-20150814

Another good story to tell.

 

[JayM]

14 year lows today.
Rand hits record lows amid strike concerns

http://www.fin24.com/Markets/Currencies/Rand-hits-record-lows-amid-strike-concerns-20150814

Another good story to tell.

FML.

 

[RogueTr00per]

I'm afraid to ask, is the JSE down due to the rand woes?

 

[Mortymoose]

My Uncle from Scotland will be arriving in Africa for his first time in three weeks, he is gonna be smiling aboot the exchange rate!

 

[JayM]

And the slide continues...almost @ R20.20 now.

 

[Spizz]

Funny how the Rand is dying against GBP, but is stronger against the Euro than it has been for the best part of a year.

 

[The_Traveller]

I hope those strikers at Marikana are happy. Even if they'd get a 30% increase it still won't make things easier the way prices are going to shoot up.

 

[JayM]

Funny how the Rand is dying against GBP, but is stronger against the Euro than it has been for the best part of a year.

On 11 April it was at 12.71, it's 14.30 now. The EUR has been hammered by the Greek crisis though, which is why the ZAR/EUR pair doesn't look that awful.

 

[Thor]

Will the Rand return to R8-9 against the dollar?