The ZAR Exchange Rate Thread

[Lupus]

Yeah the dollar is taking lots of hits

The Euro and Pound as well?

 

[cerebus]

It's not an asset, it's an income...

Same here. Meh...

 

[R13...]

Damn it! If Zuma had resigned last I'd have saved a few bucks on my USD purchases from then

 

[Drifter]

Beginning of Dec I paid R18.50 for one pound, now it's R16.41.

 

[ScottulusMaximus]

So apparently Zuma had nothing to do with the Rands dips and peaks??

The SA traders will get to work soon and massively overreact as they always do.

 

[saturnz]

The Euro and Pound as well?

the dollar index comprises a basket of weighted exchanges

if it goes down, it implies the dollar is weakening against most of the currencies in the basket, that's sort of how the index works

 

[Scooby_Doo]

The SA traders will get to work soon and massively overreact as they always do.

Over react how?

 

[FlashSA]

Go baby go!

1 US Dollar equals
11.66 South African Rand

 

[ScottulusMaximus]

Over react how?

Like this:

Go baby go!

1 US Dollar equals
11.66 South African Rand

Strengthened 10c almost immediately at 9am, SA trade drives the Rand volatility most of the time. Usually goes the other direction though so this makes a nice change.

 

[Sumen]

R11.62/$

 

[Zenbaas]

So what is the consensus..? Buy stuff now (from the states) or wait a while longer..?

 

[SaiyanZ]

I'd say wait till the new finance minister is announced. If it is Praveen or Trevor, the Rand should strengthen.

 

[Zenbaas]

I'd say wait till the new finance minister is announced. If it is Praveen or Trevor, the Rand should strengthen.

Thanks. When do you reckon that will be (I honestly have no clue)

 

[Scooby_Doo]

Thanks. When do you reckon that will be (I honestly have no clue)

A cabinet shuffle will be done end of March at the latest, but more likely sooner than that.

 

[HavocXphere]

So what is the consensus..? Buy stuff now (from the states) or wait a while longer..?

Definitely before budget speech. The numbers are going to be ugly regardless of who announces them:

https://www.moneyweb.co.za/moneyweb-opinion/the-charade-that-could-be-the-budget/

 

[berghie]

What’s the chance Zupta goons tried to game the FX market with Zuma783’s loony statements and confusion after being recalled?! One last attempt at I’ll-gotten gains.

 

[Sean008]

What’s the chance Zupta goons tried to game the FX market with Zuma783’s loony statements and confusion after being recalled?! One last attempt at I’ll-gotten gains.

I want some of that s&it you’re smoking there :erm:

 

[qscwbt]

2018/02/16
07:08 am
R11.57 to the dollar

 

[Sumen]

2018/02/16
07:08 am
R11.57 to the dollar

7c more for R11,50 and 57c more before we go into to R10's

 

[Drifter]

What is it doing vs the GBP and EUR?