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Question of the Day: Are you keeping your Prime subscription?
The ZAR Exchange Rate Thread
- Thread starter Robin Hood
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If you had wads of Euros and never exchanged them yesterday then you are one of the most under educated people I know
Epic fail
Please do explain why you think I should have exchanged my wads of Euros yesterday.
I'll convert for you - you put your wads of Euros in my German a/c, I'll put wads of rands in your SA a/c
I actually do this sort of exchange with friends and trusted contacts sometimes, but with exchange rates like now, no-one is interested in such transactions that will be to their detriment
Pitbull
Verboten
lol, are you serious ?
current rate - Euro 0.0792191 12.6232
want me to post yesterday afternoon's rates ?
I can't believe you just asked this question
lol, are you serious ?
current rate - Euro 0.0792191 12.6232
want me to post yesterday afternoon's rates ?
I can't believe you just asked this question
Any particular reason why you think the rate won't get even better?
Pitbull
Verboten
Cos the Euro has done nothing but keep losing today, let me get you the latest quickly
Pitbull
Verboten
1 South African rand = 0.0812797965 Euros
and still falling /sigh
and still falling /sigh
But rates vary daily (and hourly). More important are the main driving factors that determine the strength of the local currency and the foreign currency, and what the predictions are for the future trends of these factors in the next term. That was what my question to you was relating to; by merely quoting the current exchange figures you are not answering my question
I wanted to order some stuff from Amazon.co.uk but the current Pound rate is really messing me around....wonder if I should wait
You are aware that Amazon doesn't deliver to SAPO anymore?
You are aware that Amazon doesn't deliver to SAPO anymore?
There are guys on Amazon.co.uk that does international deliveries...already confirmed
Pitbull
Verboten
But rates vary daily (and hourly). More important are the main driving factors that determine the strength of the local currency and the foreign currency, and what the predictions are for the future trends of these factors in the next term. That was what my question to you was relating to; by merely quoting the current exchange figures you are not answering my question
Ok lets wait and see what happens if SA increases or keeps the Repo rate where it is. Seriously, I honestly thought you knew more about the markets than this
pjjdp
Expert Member
It was 9.03 earlier today, so it's slipping again. Euro was 12.39 earlier, now 12.54.
Pitbull
Verboten
Generator Man
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At the current rate anything from Northwesterly to South Easterly
Ok lets wait and see what happens if SA increases or keeps the Repo rate where it is. Seriously, I honestly thought you knew more about the markets than this
I know enough about the markets to help me make sound judgements and predictions to benefit my investments, both local and foreign. The Rand would likely have strengthened if the rates went up; because I predicted that the rates would remain the same (which it did), I did not act upon it and consider exchanging my money yet. If I thought the rates were going to go up, I might have considered exchanging my money. Of course there are many other considerations (also on the Euro side) but in terms of Rands and Repo rates, this is one of them.
Do you understand now?
Last edited:
Ozymandias
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There's a strong possibility that the Dollar could drop in the long run. As US treasury bonds mature, holders of these securities like China and Japan, might need that cash to prop-up their own home economies as the fall-out from the global financial meltdown begins to bite.
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