The ZAR Exchange Rate Thread

Robin Hood

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Must say, according to the figures, the strengh of the Rand hasn't realy been affected yet...
 

Jase

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Sure but I don't think anyone wants to see R13/dollar again, especially with high global commodity prices, particularly oil, it wouldn't help SA much. Especially since Eskom needs to import equipment for its expansion.
Man those were the good ole days as I was earning tax free dollars back then .....
 

hj2k_x

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Try 8.6% inflation on for size - and that is calculated before the Eksdom mess we find ourselves in now.
That is rough indeed! Considering SARB and Tito have managed to keep us in the 3-6% bracket for so long.
 

ToxicBunny

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Have Tito and SARB managed to keep us in that bracket or have they just being saying so?

I've noticed the stuff I've been buying over the last few years (food etc) has been going up by more than 6% annually.
 

bwana

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Man those were the good ole days as I was earning tax free dollars back then .....
And I was earning £'s :D

As a matter of fact I bought my house for less than £40k just before the rand strengthened again. :)
 

McSack

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That is rough indeed! Considering SARB and Tito have managed to keep us in the 3-6% bracket for so long.

I don't think they've succeeded since June last year.

When are they going to wake up and realize that hiking interest rates has no effect on the items causing the greatest inflation?
:(
 

Robin Hood

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...seems like the rate at witch the rand was dropping, increased...

R7.30/dollar
R10.80/euro
 
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