The ZAR Exchange Rate Thread

[Robin Hood]

Rand is dropping slowly...

 

[Robin Hood]

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

 

[Jase]

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 .....

 

[Robin Hood]

Man those were the good ole days as I was earning tax free dollars back then .....

lol

 

[milomak]

A weaker rand can easily lead to higher inflation and higher wage demands which could then offset any pricing advantage.

if it is an orderly adjustment then that risk is very minimal

 

[AutoX]

To all the ppl out there...If youre thinking of buying something??? Better do it quick while you still can afford it

 

[hj2k_x]

$ = R 7.25
£ = R 14.45
€ = R 10.74

 

[Ricard]

$ = R 7.25
£ = R 14.45
€ = R 10.74

Bliksem!!!

 

[Moederloos]

Bliksem!!!

Try 8.6% inflation on for size - and that is calculated before the Eksdom mess we find ourselves in now.

 

[hj2k_x]

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.

 

[Moederloos]

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

One has to wonder if this crisis is not the tear in the fabric.

 

[ToxicBunny]

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]

Man those were the good ole days as I was earning tax free dollars back then .....

And I was earning £'s

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

 

[McSack]

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]

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

R7.30/dollar
R10.80/euro

 

[hj2k_x]

And 14,50 to the pound. Still falling...

 

[Moederloos]

The last train has left - soon we will be importing ox wagons and no oxen

 

[Ricard]

And 14,50 to the pound. Still falling...

I wonder why the change! I dont believe its the USA's sub-prime problem...

 

[Moederloos]

I wonder why the change! I dont believe its the USA's sub-prime problem...

Colonial racists keeping down the poor African, Ricard.

 

[Robin Hood]

I just knew this sh*t is going to happen...