The ZAR Exchange Rate Thread

[theratman]

It was a public holiday which is why it took a hit,will bounce back tomorrow or early next week.

 

[naeem]

Things going to still get worse over the next 6 months. In a Carte Blanche story last Sunday, a motor vehicle spokesperson alluded to at least a 15% price increase on new vehicle prices. That is going to handbrake car sales big time!

not if its a VW - i foresee some TDi sales coming up lol

 

[Space_Chief]

Things going to still get worse over the next 6 months. In a Carte Blanche story last Sunday, a motor vehicle spokesperson alluded to at least a 15% price increase on new vehicle prices. That is going to handbrake car sales big time!

Things will ONLY get worse and not just in the next 6 months. Rand will take 1 step forward, two steps back, until it stabilises one day at some R30 to the Dollar or something.

 

[HavocXphere]

Things will ONLY get worse and not just in the next 6 months. Rand will take 1 step forward, two steps back, until it stabilises one day at some R30 to the Dollar or something.

Unless something dramatic happens it'll take a looooong time to get there.

 

[Dave]

Unless something dramatic happens it'll take a looooong time to get there.

Don't be so sure, it's doubled in around 4 years, who knows what the next 10 years might bring...

 

[remybfg10k]

20.94 ZAR to 1 GBP now, thank the heavens

Is there anything in the next week scheduled that could potentially affect the rate negatively (Like the FED scheduled meetings two weeks ago, and our MPC last week)?

 

[JayM]

20.94 ZAR to 1 GBP now, thank the heavens

+1, have a £5K invoice to pay today...

 

[The_Ogre]

20.94 ZAR to 1 GBP now, thank the heavens

Is there anything in the next week scheduled that could potentially affect the rate negatively (Like the FED scheduled meetings two weeks ago, and our MPC last week)?

GBPZAR?

Next Tuesday the Indian interest rate discision is taking place at 07:30 (it hits us because of BRICS)

Wedeneday at 08:55 The German Unemployment numbers are released
AT 10:30 The British GDP
At 11 the European CPI

On Thursday between 03:00 and 04:00 a slew of Chinese Purchasing Manufacturing Index (PMI) data are released (BRICS)
09:55 the German PMI
10:30 the British PMI

Friday 10:30 more British PMI data.

We're at the mercy of these ^ events as we ourselves aren't releasing anything next week to strengthen our position.

 

[JStrike]

This is closer to the exchange rate I am wanting. That being said, my holiday becoming R50k more expensive was painful to swallow

 

[cr@zydude]

Don't be so sure, it's doubled in around 4 years, who knows what the next 10 years might bring...

The rand was this weak around 2000, but bounced back. Right now the whole world is scared due to uncertainty about China.

 

[JStrike]

The rand was this weak around 2000, but bounced back. Right now the whole world is scared due to uncertainty about China.

With our inflation differential, we should weaken by about 4% a year

 

[Space_Chief]

Unless something dramatic happens it'll take a looooong time to get there.

It will get there eventually. Unless SA can become a new South Korea or Japan.

 

[remybfg10k]

GBPZAR?

Next Tuesday the Indian interest rate discision is taking place at 07:30 (it hits us because of BRICS)

Wedeneday at 08:55 The German Unemployment numbers are released
AT 10:30 The British GDP
At 11 the European CPI

On Thursday between 03:00 and 04:00 a slew of Chinese Purchasing Manufacturing Index (PMI) data are released (BRICS)
09:55 the German PMI
10:30 the British PMI

Friday 10:30 more British PMI data.

We're at the mercy of these ^ events as we ourselves aren't releasing anything next week to strengthen our position.

So basically buy, buy, buy haha

 

[Thor]

I assume SA's concept as a country will have to change in order for us to strengthen the Rand?

Either become a world leader ( not likely)

Start producing world class goods to use our raw minerals (doubt it will happen)

Or we must be come a factory / labour country (this will happen)


My question thou, where will South Africa be in 2025?

 

[Space_Chief]

I assume SA's concept as a country will have to change in order for us to strengthen the Rand?

Either become a world leader ( not likely)

Start producing world class goods to use our raw minerals (doubt it will happen)

Or we must be come a factory / labour country (this will happen)


My question thou, where will South Africa be in 2025?

I doubt the third option will happen. I don't think we can break the unions here or the stigma with being competitive with Asia.

I think we will become a country where foreigners can get raw minerals and not much else.

 

[Thor]

I doubt the third option will happen. I don't think we can break the unions here or the stigma with being competitive with Asia.

I think we will become a country where foreigners can get raw minerals and not much else.

I don't know hey... With out strong ties and China run government I think option three is EXACTLY where we are headed.

 

[Space_Chief]

I don't know hey... With out strong ties and China run government I think option three is EXACTLY where we are headed.

China will not want someone else to manufacture. That's their thing. If anything they will ultimately settle Chinese in SA to do the labour.

 

[Dave]

I think we will become a country where foreigners can get raw minerals and not much else.

A bit like what the DRC has turned into?

 

[remybfg10k]

You know I just blink my eyes at 20.81 and then I look again and it is 21.04

 

[Thor]

China will not want someone else to manufacture. That's their thing. If anything they will ultimately settle Chinese in SA to do the labour.

China will extend its production. They own us we will become the factory.

They have the labour we have the minerals.