The ZAR Exchange Rate Thread

[MirageF1]

Even Marelize would be a little shocked.

 

[EnderZaMan]

Thank god I earn in USD.

 

[Gtx Gaming]

Its down to under 18 again

 

[Lupus]

Its down to under 18 again

would be nice if it was down under 17 again, or 16 or hell hovering around 14 like it was just 2 months ago, ah the days of R14 to the dollar.

 

[surface]

Thank god I earn in USD.

Which one? I would like to switch my religion to yours.

 

[VooDooC]

Reckon it might be 20 to the $ by the end of the week?

 

[FlashSA]

Reckon it might be 20 to the $ by the end of the week?

The downgrade was priced in long ago. Only the negative outlook was new info. I reckon it will settle high R17's during the lockdown

 

[genetic]

It's already settling.

 

[Johnatan56]

15% loss compared to a month ago, not too horrendous, but we supposedly had it priced in at 15 already, so yeah.

Wonder how I go to my boss and say hey, your salary is 15% less now than it was a month ago, mind increasing in line since costs for everything went up.

 

[Swa]

We are now in speculator territory. Expect high volatility.

 

[genetic]

costs for everything went up.

What items have increased in price during the past month?

Is your salary pegged to the dollar?

Fuel has come down...

 

[Johnatan56]

What items have increased in price during the past month?

Is your salary pegged to the dollar?

Fuel has come down...

Just happened, you'll see everything climb once lock down ends since e.g. anything medical is in dollar terms, most stuff for education, software licenses, cars, pick any electronic, etc.. Oil has dropped substantially, we lost quite a bit of that "saving" since rand dropped over the last month.
I meant a month ago as in relation to end of Feb when I ask, not literally a month ago, not going to go to my boss today, will see what he does in a month or two.

 

[John Tempus]

On your marks, get set.... GO!!

Commencing the race towards R19/$

 

[TysonRoux]

On your marks, get set.... GO!!

Commencing the race towards R19/$

Moody's just fired the starters pistol.

 

[Herr der Verboten]

Its down to under 18 again

might want to revise that...

 

[Lupus]

might want to revise that...

Yup at 18.20

 

[Anony-mousse]

Well, it’s only going one way. Unfortunately no matter what happens to this corona story, we won’t ever see the Rand at 15 to the USD, let alone stronger than that.

It’s getting weaker and weaker to just stay there. Zimbabwe here we come.

Just my 2c.

 

[MirageF1]

22.5 to £....

Only time is history when it's been anything near this is during/some time after the Brexit Ref a few yrs back...

 

[Lupus]

22.5 to £....

Only time is history when it's been anything near this is during/some time after the Brexit Ref a few yrs back...

It actually hit 24 close to 25 after Nenegate but after Brexit it rapidly dropped again, if that didn't happen we'd have been at R20 to R22 roughly all the time and currently we'd probably be sitting at closer to R31.

 

[Lupus]

18.38 here to R20 we go, thanks ANC