The ZAR Exchange Rate Thread

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Swa

Swa

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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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Eish. You seem to be having either trouble understanding or reading here. The world lost a lot in the 2007 financial crisis. That money is now no longer available to invest and emerging markets have been feeling the brunt of it. I'd put it at 50% ANC and 50% world economics.

Incidentally when did the Rand start depreciating? Oh that's right. If it wasn't for the crisis they might still have been investing not caring about possibly losing money as they'd have money to waste.

MirageF1 said:
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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It has not. Overall whenever there's these "flutters" emerging markets behave proportionally more or less the same.
 
rietrot

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It was at R15 not so long ago. This is just the normal range. R14-R16
 
Segg

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A good video for the current disruptions


and also one specifically about SA - watch the WHOLE thing if you're going to watch it

 
A

Anony-mousse

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And I’m afraid this is only the beginning of the Rand (Zim) dollar story. Give it another year...

Anyone disagree?
 
ɹǝuuᴉM

ɹǝuuᴉM

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Segg said:
A good video for the current disruptions


and also one specifically about SA - watch the WHOLE thing if you're going to watch it

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I am happy for you chaps. The more the world realize how much damage Institutionalised Racism is doing to South Africa the quicker things will improve.
 
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Anony-mousse

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When are we going to hit 16 to the USD? I say March. This couldn't be any more frustrating. I have lost all hope our country will ever improve.
 
Lupus

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Anony-mousse said:
When are we going to hit 16 to the USD? I say March. This couldn't be any more frustrating. I have lost all hope our country will ever improve.
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It seems it's most emerging markets that are experiencing this, seems to tie in a lot with the corona virus scare as well. Though it does seem the dollar has had an upward spike.
 
Jola

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Anony-mousse said:
When are we going to hit 16 to the USD? I say March. This couldn't be any more frustrating. I have lost all hope our country will ever improve.
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Yeah, I have started moving my assets out.

Of course I should have started when it was R8/$, but you know, frogs in a pot ?

Now it is Cyril's Frogs.

So optimists see their asses.
 
Mortymoose

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rietrot said:
Not really, because China isn't buying there stuff.
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Very true, I was talking to a high ranking mine manager recently who told me that the biggest threat to DeBeers is not synthetic diamonds but Coronavirus.....

In the meantime, DeBeers will keep stockpiling...
 
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