The ZAR Exchange Rate Thread

[LazyLion]

It's stuck on 16.82.... I need it to shift lower cos I have lots of payments to make.

 

[johnjm]

And today’s swing?

 

[Lupus]

And today’s swing?

It's only gone up 1.2%?

 

[Hamish McPanji]

It's stuck on 16.82.... I need it to shift lower cos I have lots of payments to make.

There's a daily low at about 12:00 to 14:00. Dunno why. Best time to make intl payments, I reckon

 

[johnjm]

It's only gone up 1.2%?

Is that insignificant?

 

[Lupus]

Is that insignificant?

It's not really that big unfortunately, it's had bigger jumps.

 

[johnjm]

It's not really that big unfortunately, it's had bigger jumps.

Ok

 

[Hamish McPanji]

It's not really that big unfortunately, it's had bigger jumps.

That's nearly what she said

 

[cr@zydude]

Is that insignificant?

The rand is crazy volatile. 1% in a day is fairly common.

 

[Lupus]

That's nearly what she said

Yup cause what she said was she's never had such a big one

 

[Lupus]

Like now it's a 1.8% jump

 

[johnjm]

Like now it's a 1.8% jump

Is that “large”?

 

[genetic]

Is that “large”?

In a day? I wouldn't call it small.

 

[johnjm]

In a day? I wouldn't call it small.

Medium it is

 

[cr@zydude]

Like now it's a 1.8% jump

1.25% stronger this morning, back to R16.82/$.

 

[Lupus]

1.25% stronger this morning, back to R16.82/$.

This is how the currency swings unfortunately, 1 to 2% up or down throughout a day.

 

[johnjm]

This is how the currency swings unfortunately, 1 to 2% up or down throughout a day.

It’s not that big?

 

[Lupus]

It’s not that big?

Not when it comes to the R

 

[Lupus]

The 2.5% drop today is looking decent.

 

[cr@zydude]

The 2.5% drop today is looking decent.

Yip, getting close to my buy target.