The ZAR Exchange Rate Thread

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R12.97
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Just need it to touch R13.50 and I'll be happy. Come Zuma open your filthy mouth again ...
 
Come on baby, another 50c please, you can do it.
 
Any guesses what the exchange rate will be by end of day Friday? I'm thinking 13.90 after Pravin and co. get fired. If a ratings agency comes out and drops our rating to below investment, I'm gonna say around 15.50. If not, it will likely settle around 14.50 for a while. There will likely be spikes though initially. Could hit around 15-16 like last time, but I think it will settle lower eventually.
 
Exchange rate isn't just related to investments but also to our trading deficit. It's been rather poor lately. I've come to the conclusion that Zuma is only worth R1.50 as that's the effect all his utterings have had. :crylaugh:
 
I need to stop watching XE or I'll give myself a heart attack...

Zuma you're a ****ing **** playing with peoples livelihoods here you fat ninja turtle. I generally follow "live and let live" but I genuinely hope this turd blossom dies horribly.
 
Swa said:
Exchange rate isn't just related to investments but also to our trading deficit. It's been rather poor lately. I've come to the conclusion that Zuma is only worth R1.50 as that's the effect all his utterings have had. :crylaugh:
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Unfortunately that R1.50 is for one dollar, if you're dealing with millions it's a lot more :-(
 
I'm need to exchange dollars, how long should I hold on to it? or change it now while it's at R13?
 
Aqua_lung said:
I'm need to exchange dollars, how long should I hold on to it? or change it now while it's at R13?
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I'd be inclined to exchange it now.

All signs are pointing to the ZAR devaluing quite a bit in the coming days...
 
Aqua_lung said:
I'm need to exchange dollars, how long should I hold on to it? or change it now while it's at R13?
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I already started buying Dollars, in terms of ETNs on trading platforms from last year. I keep pushing as much as I can every month into it. The past year I was lucky to have invested R133k. Two day ago I added another R90k when the news broke.

I will keep adding money, whether the Rand falls or strengthen. I will not sell out and wait patiently. If I die, my attorneys must ensure the money stay there for my children. When the ETNs expire, it must be reinvested again.

The only reason I feel so strong about this, is the ANC. I do not really care if Zuma stays for ever or leave. I believe that the ANC has absolutely not a single person who will rescue South Africa and make a success of it. I strongly believe, at some point in time, South Africa will hit the Zim route 100%. I am sure that the Rand will pass the R300, R500, R800, R1000 mark against the dollar at some point. This is what I am waiting for. I want to be in that ride for when it happens.
 
Praemon said:
Any guesses what the exchange rate will be by end of day Friday? I'm thinking 13.90 after Pravin and co. get fired. If a ratings agency comes out and drops our rating to below investment, I'm gonna say around 15.50. If not, it will likely settle around 14.50 for a while. There will likely be spikes though initially. Could hit around 15-16 like last time, but I think it will settle lower eventually.
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13.90 ? I am praying it hits R13.50 ...
 
Thanks, I'll exchange it at the end of day, this is so that I can have Rands, I'm inclined to wait but I do need it in Rands ASAP.
 
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