The ZAR Exchange Rate Thread

Ricard

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the USA federal reserve is adusting the rates today... so this is just a knee-jerk reaction... it will come back to sanity.
 

Moederloos

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Think there was $8 billion disinvested from the JSE and BESA since October.

But has more to do with sub prime and world markets than with Zuma and Eskom.
It could be - I just feel that a recovery is going to be slowed by those two factors.
In other words, what we slide down now, we aint gonna claw back.
 

Moederloos

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This puts the widening current account deficit, which is financed through foreign inflows, and the rand at risk.
I doubt the losses to the mine exports and farms are going to help this much?
 

sand_man

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Well at least the JSE is making a bit of a comeback, over 27000pts, up 2.36% from yesterday...
 

Farquaon

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However, if you invested in gold a few years back when it was around $400 per ounce, expect to make a killing now because it's set to skyrocket.
Not too long ago the gold price was at ~$270...just think..the other day I saw it was at ~$930. That would have been some sweet selling there.

The US economy is in a slump too, maybe there are some good stocks. I know the interest rate is ~3.5%.
 
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hj2k_x

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$ = R 7.36
£ = R 14.65
€ = R 10.95

And the FED just lowered the rates again in the states. 2nd time in nine days! Trying to ward off what might become a worldwide recession. :eek:
 

Moederloos

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$ = R 7.36
£ = R 14.65
€ = R 10.95

And the FED just lowered the rates again in the states. 2nd time in nine days! Trying to ward off what might become a worldwide recession. :eek:
And Tito will raise ours - I am sure.
Despite what economists said last week, the figures of 8.6% inflation released this week is fugly.
 

MacNabs

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And I have never seen the rand so low against the NZ Dollar before, looks like at the rate things are going we going to be able to afford a very nice holiday in CT in December.

1.00 NZD = 5.73835 ZAR :D:D:D

 

Moederloos

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And I have never seen the rand so low against the NZ Dollar before, looks like at the rate things are going we going to be able to afford a very nice holiday in CT in December.

1.00 NZD = 5.73835 ZAR :D:D:D

Ouch - was under R5.50 a few months ago.
 

hj2k_x

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$ = R 7.32
£ = R 14.55
€ = R 10.88

Recovering slightly. Off yesterday's lows but not by much!

How can the interest rate in SA be so high, yet in the states it is now only 3%??
 

vespax

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$ = R 7.32
£ = R 14.55
€ = R 10.88

Recovering slightly. Off yesterday's lows but not by much!

How can the interest rate in SA be so high, yet in the states it is now only 3%??
I honestly can't come to terms with how SA justifies such a high interest rate. But atleast my loans in America are getting cheaper and cheaper each time they reduce the rate. Heck, my credit card is down to 8% interest on purchases! Not that I use it, but I could buy a house here on it at a lower rate than SA Home Loans!!! :D
 

MacNabs

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And I have never seen the rand so low against the NZ Dollar before, looks like at the rate things are going we going to be able to afford a very nice holiday in CT in December.

1.00 NZD = 5.73835 ZAR :D:D:D

2 hours later....
1.00 NZD = 5.83173 ZAR
 

Moederloos

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Over R11 to Euro now.
GBP is approaching R15

here we go.....................

Alec Erwin, no effect on the economy, huh? Pity EVERY economist disagrees with you, is it not?
Seems like someone may be sabotaging you...
 
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