The ZAR Exchange Rate Thread

Status
Not open for further replies.
NarrowBandFtw said:
believe me, what is liquid has been reallocated, but short of taking a decade plus old pension fund
Click to expand...

and this is why I simply refused to pay pension (or RA or any of these long term products) and left my job as a consequence
 
flippakitten said:
Is there anyway the rand can go back to R10 to the USD anytime soon (like next 2 years)?
(Nope, not any times soon).
Click to expand...

It is completely possible, even easy, but within the constraints of our political environment, no, never in a million years

flippakitten said:
If it does and below, will prices go down with it, ie. food?
(A little bit yes)
Click to expand...

Will take a long time to come down significantly.

flippakitten said:
If the Reserve Bank increases the repo by .25 or .50, how will that affect the rand?
(R17 to USD next month)
Click to expand...

The hike should prevent it from hitting R17 to the USD next month, but it can easily go the opposite direction, one thing Pravin, Nene and Kganyago all have said and are 100% right about is there are much bigger factors at play globally than we can control with our rates or foreign reserves
 
saturnz said:
and this is why I simply refused to pay pension (or RA or any of these long term products) and left my job as a consequence
Click to expand...

teach me your wise ways Obi-Wan! ... seriously though, I'd love to say the same, but I'm probably more representative of the typical situation :(
 
saturnz said:
and this is why I simply refused to pay pension (or RA or any of these long term products) and left my job as a consequence
Click to expand...

Great minds think alike ;)

20 years from now this country might not even exist as it is, absorbed into new Zimbabwe.
 
NarrowBandFtw said:
they'd need to hike by 100 basis points to convince me they're serious

25 pts to simply counteract the Fed's tightening in December
25 pts to counteract the general decline in exchange rate
25 pts to counteract the direct impact of nenegate
25 pts because once you're at 75 you might as well hike 100 and do it properly
Click to expand...

We are heading into recession one way or another but they are going to initially try not tip the scales straight away, so 1% is out of the question right now.
 
icyrus said:
We are heading into recession one way or another but they are going to initially try not tip the scales straight away, so 1% is out of the question right now.
Click to expand...

that's tantamount to a choice between cutting off your gangrene infected hand to save the arm, or waiting until you have to cut the whole arm

like you said, we're heading into recession regardless, choosing to delay the inevitable is simply going to get us into recession with a worthless currency as well, I say bring the pain, the sooner it comes the sooner it will pass
 
NarrowBandFtw said:
that's tantamount to a choice between cutting off your gangrene infected hand to save the arm, or waiting until you have to cut the whole arm

like you said, we're heading into recession regardless, choosing to delay the inevitable is simply going to get us into recession with a worthless currency as well, I say bring the pain, the sooner it comes the sooner it will pass
Click to expand...

It is unclear that any hike below something massive (5%+) would help the Rand.
 
icyrus said:
It is unclear that any hike below something massive (5%+) would help the Rand.
Click to expand...

yip, sounds about right, I'm game for 5% too, just wished for 1% to keep it somewhere within the realms of possibility, of course if 1% can't be stomached by the SARB and the ANC they sure as hell won't try 5%
 
NarrowBandFtw said:
yip, sounds about right, I'm game for 5% too, just wished for 1% to keep it somewhere within the realms of possibility, of course if 1% can't be stomached by the SARB and the ANC they sure as hell won't try 5%
Click to expand...

I can promise you it will just be another 25 bases points. They think it will make a difference every time.
 
Pitbull said:
I can promise you it will just be another 25 bases points. They think it will make a difference every time.
Click to expand...

Hope at the very least 50, 25 will do absolutely nothing except increase the cost of credit, hell even 50 will not do much :(

icyrus said:
It would, so it won't happen unless things get much much worse.
Click to expand...

definitely won't happen, but the saddest thing is once things get much worse, 5% also won't be enough to stem the tide
 
NarrowBandFtw said:
Just another South African with most of my investments in ZAR which I'd like not to vanish like dust in the wind because our reserve bank doesn't have the balls to apply proper medicine to zumatello's last stuff-up

... also have debt under control so won't feel the hit of a 1% hike ...
Click to expand...
Thats not quite right. A big increase would rattle the economy too...and harm your investment prospects. Just because you don't have debt doesn't mean other don't. And a bunch of guys defaulting on their mortgage payment hardly makes for good stability.

As for the guys suggesting 5%...lol.
 
HavocXphere said:
Thats not quite right. A big increase would rattle the economy too...and harm your investment prospects. Just because you don't have debt doesn't mean other don't. And a bunch of guys defaulting on their mortgage payment hardly makes for good stability.

As for the guys suggesting 5%...lol.
Click to expand...

A big increase might give us another chance at moving more money offshore at least ...

i.t.o. a 5% or bigger hike, the main thing for me is we're way past the point where small / incremental / half measures will have any lasting or significant effect. Time to do something different, otherwise why expect a different result? That whole definition of insanity saying comes to mind.
 
Status
Not open for further replies.
Back
Top
Sign up to the MyBroadband newsletter
X