The ZAR Exchange Rate Thread

[MirageF1]

R almost back to normal , 20 to 1 against £

The UK PM's Corona response hasn't exactly garnered much confidence from his less than convincing press statement last night...

 

[JayM]

EM bloodbath today. And this is before the Moody's ratings cut.

 

[rietrot]

EM bloodbath today. And this is before the Moody's ratings cut.

It's ridiculous. Some fund damagers selling shares at this prices. Obviously they are using their own money.

 

[genetic]

Billions wiped off South Africa market in minutes amid global bloodbath

Billions wiped off South Africa market in minutes amid global bloodbath | Business

The JSE’s all share index started the week with an instant loss of 6% in opening trading.

www.fin24.com

The world is in a financial crisis.

 

[Gtx Gaming]

Waiting for houses prices to crash, probably wont happen

FED is printing money at full force pumping 700 billion dollars into the market.

Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program

"The coronavirus outbreak has harmed communities and disrupted economic activity in many countries," the Fed said.

www.cnbc.com

 

[krycor]

Waiting for houses prices to crash, probably wont happen

FED is printing money at full force pumping 700 billion dollars into the market.

Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program

"The coronavirus outbreak has harmed communities and disrupted economic activity in many countries," the Fed said.

www.cnbc.com

I don't see how the US won't get a ratings downgrade either. Gonna be interesting to see which ratings agency assess the risk 1st.

 

[The_Right_Honourable_Brit]

R16.63 to the dollar.

Central banks have run out of ammo around the world to stop the bleeding.

 

[BBSA]

I don't see how the US won't get a ratings downgrade either. Gonna be interesting to see which ratings agency assess the risk 1st.

What risk, the FED can just print more money.

 

[Spizz]

R16.63 to the dollar.

Central banks have run out of ammo around the world to stop the bleeding.

I was quite pleased getting R18.28 to the Euro on Friday. Especially after it climbed back to 17.90 something shortly after. Just looked now and it's R18.72 and it's flying with no sign of stopping.

 

[BBSA]

 

[d0b33]

What if... hear me out.... money is just a bunch of numbers and not really worth what we think it is.

 

[MirageF1]

What if... hear me out.... money is just a bunch of numbers and not really worth what we think it is.

Tell your home loan institution, local shopkeeper, domestic, and ex wife that before coming to talk kak here.

 

[SoldierMan]

Tell your home loan institution, local shopkeeper, domestic, and ex wife that before coming to talk kak here.

So you would happily trade 1 Zimbabwean dollar for 1 South African rand? Yeah tell me again what fiat money is worth....

 

[BBSA]

All fiat money goes to zero sooner or later, without exception.

 

[SoldierMan]

All fiat money goes to zero sooner or later, without exception.

Always has, always will.

 

[rietrot]

All fiat money goes to zero sooner or later, without exception.

It never goes to zero. It goes to 10000000000 trillion dollars.

 

[BBSA]

It never goes to zero. It goes to 10000000000 trillion dollars.

And then zero

 

[NarrowBandFtw]

R16.63 to the dollar.

Central banks have run out of ammo around the world to stop the bleeding.

they've been out of ammo for a while really, the world is just now waking up to that fact

see you on the flipside, I'm hedged as well as I could be within my limited means

 

[xtm]

SA's economy were down the hill. now corona impect will devestated to R/$. expect R20 and further against the doller very soon

 

[Swa]

How can anyone do a ratings assessment in all this turmoil?