The ZAR Exchange Rate Thread

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Spizz said:
Good grief, that's frightening. Do you see this dramatic side continuing or is it a slow bleed? And bouncing back? Is it ever going to get back to below 10?
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Never ever ever. I normally hate dealing in absolutes, but short of a very dramatic and specific turn of events, that must all coincide at the right times. There is quite literally a higher chance of it raining frogs.
 
Spizz said:
Good grief, that's frightening. Do you see this dramatic side continuing or is it a slow bleed? And bouncing back? Is it ever going to get back to below 10?
Click to expand...

I tell you man, if the ANC can get a wake up call and if someone at Davos convinces Zuma that less fettered capitalism is the way to go, we would probably recover a lot. But then there are also systemic problems ne, like the electricity problems, poor education, highly unionised labour etc.
 
Space_Chief said:
I tell you man, if the ANC can get a wake up call and if someone at Davos convinces Zuma that less fettered capitalism is the way to go, we would probably recover a lot. But then there are also systemic problems ne, like the electricity problems, poor education, highly unionised labour etc.
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And the artificial weakening of the Rand, to accommodate the Chinese agenda.

You'd be silly if you think the ANC is in control of this country.
 
Thor187 said:
And the artificial weakening of the Rand, to accommodate the Chinese agenda.

You'd be silly if you think the ANC is in control of this country.
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Of course it's in control, it just doesn't really know where it's headed/can't see forward.
 
Spizz said:
Good grief, that's frightening. Do you see this dramatic side continuing or is it a slow bleed? And bouncing back? Is it ever going to get back to below 10?
Click to expand...

If Zuma is fired this week and a intelligent leader like Ramaphosa is put in charge I see under R10:US within 12 months.

But the likelihood of that is around 33% imo.

If the rand reaches R20 by Friday then that likelihood goes up to 70% imo.
 
biometrics said:
If Zuma is fired this week and a intelligent leader like Ramaphosa is put in charge I see under R10:US within 12 months.

But the likelihood of that is around 33% imo.

If the rand reaches R20 by Friday then that likelihood goes up to 70% imo.
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Drunk, high, or both?

Lol, rand at below 10 to the dollar... You people are dreaming...

The ONLY way this will happen is if the ANC is booted and the economy recovers, commodity prices jump, the drought ends, interest rates go up here and there's another recession in the first world.
 
ScottulusMaximus said:
Drunk, high, or both?

Lol, rand at below 10 to the dollar... You people are dreaming...

The ONLY way this will happen is if the ANC is booted and the economy recovers, commodity prices jump, the drought ends, interest rates go up here and there's another recession in the first world.
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It was R6.50:US not too long ago.

Anyway, when does the first market open that trades ZAR?
 
biometrics said:
It was R6.50:US not too long ago.

Anyway, when does the first market open that trades ZAR?
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Looks like now. I see the euro has gone from 17.47 over the weekend, to 17.57 a few minutes ago, and 17.40 just now.

Clear as mud.
 
And the slide continues...now R24.40 for £1 and over R16.00 for $1.00.
 
Pravin Gordhan to return as finance minister.
Let's hope that news stabilises the market!
 
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