The ZAR Exchange Rate Thread

[JayM]

Not looking good today....

 

[Xarog]

It's R15.55:US, so yes it's going down.

Um...

So to clarify, earlier when you said it was "going down" and it was R14.88 to the Dollar, you were in fact agreeing with my assessment that the rand would continue to weaken?

 

[biometrics]

Um...

So to clarify, earlier when you said it was "going down" and it was R14.88 to the Dollar, you were in fact agreeing with my assessment that the rand would continue to weaken?

Obviously.

But to be honest, considering your behaviour on this forum, I do not wish to discuss anything with you.

 

[cerebus]

I would never have believed that we'd see r16 /$1 but it's approaching fast. 15.55 this morning

 

[Ockie]

I would never have believed that we'd see r16 /$1 but it's approaching fast. 15.55 this morning

So much for Gordhan putting a plug onto the squirting aorta of the Rand

 

[HeftyCrab]

On my FNB App its showing R15.8081 a US$. Ouch.

 

[Ockie]

On my FNB App its showing R15.8081 a US$. Ouch.

Nedbank site:

R/$ 15.2151

 

[Johnatan56]

So much for Gordhan putting a plug onto the squirting aorta of the Rand

Why did you think that would happen with the Fed hike?

 

[Ho3n3r]

I would never have believed that we'd see r16 /$1 but it's approaching fast. 15.55 this morning

Already have, the week after Nene was fired. And we're returning back there. The trend won't change with this mob running the country.

 

[Ockie]

Why did you think that would happen with the Fed hike?

More like hoping instead of thinking.

 

[HavocXphere]

SA trip done. The ZAR can now recover. Kthxbai

 

[Swa]

So much for Gordhan putting a plug onto the squirting aorta of the Rand

Because he hasn't?

 

[RVQ]

SARB is going to have to make some difficult decisions in 2016, maybe attempting to kill off the home loan before we hit that junk status might be a good idea...

 

[HavocXphere]

SARB is going to have to make some difficult decisions in 2016, maybe attempting to kill off the home loan before we hit that junk status might be a good idea...

Or at least try to fix the rate if you cant

 

[Draganchor]

Face it, we are doomed. I did my purchase 3 months ago for some samples. Dodged "a bullet" and got 13.65. In my worst scenario on my business plan I factored 14.50. How stupid am I.

 

[genetic]

Face it, we are doomed. I did my purchase 3 months ago for some samples. Dodged "a bullet" and got 13.65. In my worst scenario on my business plan I factored 14.50. How stupid am I.

Doomsday police.

 

[HavocXphere]

Face it, we are doomed. I did my purchase 3 months ago for some samples. Dodged "a bullet" and got 13.65. In my worst scenario on my business plan I factored 14.50. How stupid am I.

Friend in manufacturing is also bitching about it. Guess it just means raising prices.

 

[Nefertiti]

Face it, we are doomed. I did my purchase 3 months ago for some samples. Dodged "a bullet" and got 13.65. In my worst scenario on my business plan I factored 14.50. How stupid am I.

We working on R17 to the dollar for next year. The year thereafter R18 to the dollar. I hope that is sufficient. Its times like this I wish I had a little crystal ball.

 

[Cicero]

Buzzing just over the R23 mark to the GBP

 

[SoulTax]

We working on R17 to the dollar for next year. The year thereafter R18 to the dollar. I hope that is sufficient. Its times like this I wish I had a little crystal ball.

Too conservative I would say. You need to be planning for much worse than that if it is to do with tight profit margins.