The ZAR Exchange Rate Thread

[johnjm]

ta

 

[rietrot]

https://www.moneyweb.co.za/moneyweb...a-for-quantitative-easing-says-sarb-governor/

Good interview with SARB governor Lesetja Kganyago.

I only read the transcript on there. There's hope atleast, he knows what he is doing. Hopefully the politicians listen to him.

 

[Swa]

There it goes.

 

[Solitude]

There it goes.

It's so frustrating. I'm going to Europe in August and even though I put money in my global account I still have to get euros in cash to take over.

 

[Anony-mousse]

It's so frustrating. I'm going to Europe in August and even though I put money in my global account I still have to get euros in cash to take over.

You could as well get some Zim dollars to buy euro

 

[The_Right_Honourable_Brit]

https://twitter.com/i/web/status/1136898656932716545

 

[The_Right_Honourable_Brit]

https://twitter.com/i/web/status/1136905623294156801

Rand 'could reach R12/$ in 2019'

Well I guess there is just under 7 months left, if I were to be charitable...

 

[d0b33]

On a positive note maybe a weaker rand will boost tourism. It's the only sustainable economy this country will have left.

 

[Quicks]

On a positive note maybe a weaker rand will boost tourism. It's the only sustainable economy this country will have left.

Problem is SA is high risk tourist crimes, no amount of money is worth your life.

 

[The_Right_Honourable_Brit]

Problem is SA is high risk tourist crimes, no amount of money is worth your life.

But here in Cape Town, they stay in the (relatively speaking) safe areas because they can afford to do so. American and European tourists really love SA because they get so much more value for their money.

 

[Lupus]

But here in Cape Town, they stay in the (relatively speaking) safe areas because they can afford to do so. American and European tourists really love SA because they get so much more value for their money.

Used to get so much value for their money. Not anymore with the price of things.

 

[Swa]

https://twitter.com/i/web/status/1136905623294156801

Rand 'could reach R12/$ in 2019'

Well I guess there is just under 7 months left, if I were to be charitable...

Well to be fair it reached R11.55 in 2018. Then they started talking about ewoc and it tanked. Will never reach R12 again while that is on the cards.

 

[antowan]

Imaginary old person age?

The days when that was nearly old are about two decades past. If not more.

 

[noxibox]

Used to get so much value for their money. Not anymore with the price of things.

Still quite cheap actually.

Well to be fair it reached R11.55 in 2018. Then they started talking about ewoc and it tanked. Will never reach R12 again while that is on the cards.

Does Heystek also tweet about his owned failed predictions?

The real problem appears to be uncertainty. Investors don't like uncertainty. Even rampant corruption is fine as long as there is certainty about how things work.

 

[Lupus]

Still quite cheap actually.

Not from the people I know who live overseas, the days when SA was cheap was about 3 to 4 years ago. Nowadays even the British are going but your prices are almost the same as ours?? The only thing reasonably cheap are restaurants in comparison.

 

[maumau]

Not from the people I know who live overseas, the days when SA was cheap was about 3 to 4 years ago. Nowadays even the British are going but your prices are almost the same as ours?? The only thing reasonably cheap are restaurants in comparison.

Agree 100%. Family visited from Canada and friends from UK - all saying SA is NOT that cheap anymore.

 

[krycor]

Basically alcoholic products, food in particular beef is cheap here.. otherwise its pretty much same or pricey as abroad so living in SA earning rands sucks as we have higher taxes for lesser salaries in real terms besides adding the state substitution of services which we dont really get rebate on and only moderately more valuable in service vs what should be offered (not compared to whats on offer.. which is what most companies compare to to make their value proposition)

 

[Johnatan56]

Basically alcoholic products, food in particular beef is cheap here.. otherwise its pretty much same or pricey as abroad so living in SA earning rands sucks as we have higher taxes for lesser salaries in real terms besides adding the state substitution of services which we dont really get rebate on and only moderately more valuable in service vs what should be offered (not compared to whats on offer.. which is what most companies compare to to make their value proposition)

Depends where. Beer for example is about the same price in my experience, and things like chicken can be cheaper in Austria (again, depending where you buy). Beef is damn expensive if it isn't a "beef country" like South Africa or US.

 

[StrontiumDog]

What is the general expectation with regard to the ZAR today in the run up to SONA and shortly thereafter?

 

[Anony-mousse]

What is the general expectation with regard to the ZAR today in the run up to SONA and shortly thereafter?

The moment someone opens his dumb mouth the Rand will drop back to 17 to the EUR