The ZAR Exchange Rate Thread

[Swa]

Seems the R20 ers may get their wish. But not for the reasons they said.

 

[Vrotappel]

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

Until you get the bill.

 

[MirageF1]

Seems the R20 ers may get their wish. But not for the reasons they said.

We past that a while back with the £....
Sitting pretty now.

 

[Swa]

We past that a while back with the £....
Sitting pretty now.

Well let's hope this was pricing in what we knew would happen economically. Market isn't really reacting to the lockdown. The next figures released will tell us what the case is.

 

[rietrot]

SA Reserve Bank to buy govt bonds to inject liquidity into market amid Covid-19 crisis | Business

This follows an initial raft of interventions announced last week to provide lenders with cheaper access to funding.

m.fin24.com

We are getting our very own QE.

 

[NarrowBandFtw]

SA Reserve Bank to buy govt bonds to inject liquidity into market amid Covid-19 crisis | Business

This follows an initial raft of interventions announced last week to provide lenders with cheaper access to funding.

m.fin24.com

We are getting our very own QE.

oh ffs, we don't have a hard currency that can export its inflation, WTF?!?

time to buy more gold and BTC I guess ...

 

[d0b33]

Going to hit R20 pretty soon!

 

[MirageF1]

Heading nicely towards R22 to 1£

R21.845 at COP

**** the heady days of me complaining about R19 seem like Nirvana now...

 

[FlashSA]

So does Moody's go in dry while we are asleep like Zuma liked it or what?

 

[Cage Rattler]

Year-to-date returns for emerging market currencies versus the dollar:

 

[Rosaudio]

Heading nicely towards R22 to 1£

R21.845 at COP

**** the heady days of me complaining about R19 seem like Nirvana now...

Excellent

 

[Snyper564]

So does Moody's go in dry while we are asleep like Zuma liked it or what?

Was also looking for news but nothing yet.

 

[Cage Rattler]

Moody's downgrades South Africa's credit rating from Baa3 (investment grade) to Ba1 (sub-investment grade).

 

[RogueTr00per]

Moody's downgrades South Africa's credit rating from Baa3 (investment grade) to Ba1 (sub-investment grade).

Source?

 

[Cage Rattler]

Moody's - credit ratings, research, and data for global capital markets

www.moodys.com

 

[Vrotappel]

Oh well.

 

[Snyper564]

After More Than 25 Years S. Africa Is Now Junk With Moody’s Too

South Africa has lost its Moody’s Investment Services investment-grade credit rating more than 25 years after it was first awarded as it grapples with a nationwide lockdown to curb the spread of the coronavirus.

www.bloomberg.com

 

[MirageF1]

Excellent

I'll take it you just suffering with Corona fever.

Meanwhile £ hurtles towards R22...

 

[JayM]

Forex markets open...ZAR sliding already.

$1=R17.94
£1=22.31

 

[Segg]

P0es 2020/03/29 22:35 SAST



Look at that gradient....