The ZAR Exchange Rate Thread

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noxibox

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krycor said:
Why most people have made a loss taking money out of SA.. it’s always done at the wrong time and growth and inflation goes hand in hand.
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That will be more likely if they're trying to time the forex market. It's risky to move all your money at once.
 
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MirageF1

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Holy eff

R19.645 to £

Lost close to 8% in the last 5 weeks...was at a low of 18.3 as recently as Dec 26th
 
genetic

genetic

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Anony-mousse said:
Zimbabwe 2.0 in the works. Not surprised seeing parliament is back from holiday. Pathetic.
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Take your blinkers off. All emerging markets are tanking.

The currency's performance comes at the end of a week punctuated by market jitters over the impact of the coronavirus outbreak in China, as well as its spread to other countries.
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www.fin24.com

Rand hits lowest level of the year | Business

The Rand had a rocky showing against the dollar on Thursday, trading at R14.73 to the greenback by 17:30 on Thursday afternoon, its lowest point for the year so far.
www.fin24.com www.fin24.com
 
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MirageF1

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A group of self serving, corrupt as all hell, bunch of racist Neanderthals have been running S.A for over 25 years...what does one really expect.

I say no more.
 
Swa

Swa

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MirageF1 said:
Neanderthals have been running S.A for over 25 years...what does one really expect.

I say no more.
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Why does everyone look at SA? The world is a much bigger place and there are more things happening externally that affect the Rand on a daily basis.
 
genetic

genetic

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Swa said:
Why does everyone look at SA? The world is a much place and there are more things happening externally that affect the Rand on a daily basis.
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They can't comprehend global economics.
 
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MirageF1

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Swa said:
Why does everyone look at SA? The world is a much place and there are more things happening externally that affect the Rand on a daily basis.
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Because the last 25 years of ANC trough feeders is the primary cause!

If you can't see that then there's no hope for you my boy.
 
Swa

Swa

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MirageF1 said:
Because the last 25 years of ANC trough feeders is the primary cause!

If you can't see that then there's no hope for you my boy.
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On the long term I agree somewhat with that but daily movements have been governed mostly by external factors. Emerging markets have also not done so well over the last few years so even without the ANC it would still be +R10/$. And if you can't see that there's no hope for you my son.
 
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MirageF1

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Swa said:
On the long term I agree with that but daily movements have been governed mostly by external factors. Emerging markets have also not done so well over the last few years so even without the ANC it would still be +R10/$. And if you can't see that there's no hope for you my son.
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Nonsense. The Rand was doomed the ANC started to develop and entrench their so called "economic" policies ( actually only politically based without a shred of economic sense)

The reason it's taken the R so long to decline is because of what the previous government had built up.
But the damage is now so irreparable and the fissures so cavernous there is no going back.

And the world now knows it and reacts appropriately.
 
genetic

genetic

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MirageF1 said:
Nonsense. The Rand was doomed the ANC started to develop and entrench their so called "economic" policies ( actually only politically based without a shred of economic sense)

The reason it's taken the R so long to decline is because of what the previous government had built up.
But the damage is now so irreparable and the fissures so cavernous there is no going back.
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Ok man, but that has nothing to do with the latest crash. All emerging markets are tanking.
 
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MirageF1

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genetic said:
Ok man, but that has nothing to do with the latest crash. All emerging markets are tanking.
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It's very much related in that the trust is now completely gone and so any flutter in international markets has a disproportionately larger effect on our currency.

End of.

£ now sitting at 19.7397 as I type...
 
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