The ZAR Exchange Rate Thread

[Piepalook]

$ = R 7.96
£ = R 15.79
€ = R 12.10
Gold = $ 983.50
Oil = $ 100.48
Last update 03-Mar-2008 09:30:00


First time it's been over 12 to the Euro. Heading for 8 to the dollar

Look at the oil!

Is the euro getting stronger against the pound?

The gap is shrinking.

 

[hj2k_x]

Look at the oil!

Is the euro getting stronger against the pound?

The gap is shrinking.

Ya. It's all not looking pretty really.

Carte Blanche last night said that food prices have gone up 25% since a year ago

 

[Piepalook]

I saw on News 24 the rand is at a five year low.

 

[koffiejunkie]

Anyone knows why it's dropping so much? Anything newsworthy I missed?

 

[Piepalook]

Anyone knows why it's dropping so much? Anything newsworthy I missed?

Uncertainty in U.S. markets. Still the sub prime goast.

R 7.90 now

 

[hj2k_x]

Anyone knows why it's dropping so much? Anything newsworthy I missed?

The rand came under intense selling pressure overnight and in early trade on Monday as poor global markets and a flight to safe havens dictated direction.

According to iafrica. If thats of any help to you

 

[hj2k_x]

$ = R 7.92
£ = R 15.72
€ = R 12.02
Gold = $ 981.85
Oil = $ 99.57
Last update 03-Mar-2008 13:30:00

Steadying now...a bit.

 

[Piepalook]

$ = R 7.92
£ = R 15.72
€ = R 12.02
Gold = $ 981.85
Oil = $ 99.57
Last update 03-Mar-2008 13:30:00

Steadying now...a bit.

I see. Rand lost 40 cents to the pound today.

 

[hj2k_x]

$ = R 7.83
£ = R 15.52
€ = R 11.87
Gold = $ 985.15
Oil = $ 101.55
Last update 03-Mar-2008 18:30:00

Made up for it in late trade...

 

[hj2k_x]

= R 7.84
£ = R 15.58
€ = R 11.93
Gold = $ 984.48
Oil = $ 100.76
Last update 04-Mar-2008 16:30:00

 

[hj2k_x]

= R 7.85
£ = R 15.47
€ = R 11.90
Gold = $ 965.92
Oil = $ 98.13
Last update 05-Mar-2008 11:30:00

 

[hj2k_x]

$ = R 7.76
£ = R 15.47
€ = R 11.86
Gold = $ 988.77
Oil = $ 100.07
Last update 05-Mar-2008 18:30:00


A quiet day for once.

Pity about the petrol price though

 

[Frankie]

Isn't this how it started in Zim 1.0 ?

Living costs became unbearable starting with the poorest, but has not yet hit the top echelon.

 

[noxibox]

so fk all those people who put their money away to save, all thanks to communist cosatu

You can thank oil and currency speculators.

 

[noxibox]

Living costs became unbearable starting with the poorest, but has not yet hit the top echelon.

South Africa of the 80s.

 

[tcltk]

You can thank oil and currency speculators.

and not OPEC that refuse to increase the amount of oil into the market?

 

[milomak]

for listening to cosatu's comments and policies ?

cosatu's comments have had the smallest of impacts on the rand. our current account and inflation numbers a far larger culprit.

 

[milomak]

what the hell are you on about?

 

[hj2k_x]

$ = R 7.81
£ = R 15.57
€ = R 11.96
Gold = $ 987.60
Oil = $ 101.58
Last update 06-Mar-2008 12:30:00

The Euro is killing the dollar at the moment. It really is very weak right now.

 

[Piepalook]

Rand = 7.76
Euro = 11.89
Pound = 15.54

Rand is improving against the dollar.

Losing out against the pound.

Dollar is weakening.

How low will the dollar go?