The ZAR Exchange Rate Thread

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The South African monkeys are on a mission. Almost 9 Rand to the Australian dollar :D
 
Rand/Dollar rate

This is great news. I pay into my SA pension every 6 months. Payment is due this month. :)

I budget for this payment at about 0.086 to £. It's about 0.0705 now :) that's almost £200 saving for me :)
 
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Re: Rand/Dollar rate

zippy said:
This is great news. I pay into my SA pension every 6 months. Payment is due this month. :)

I budget for this payment at about 0.086 to £. It's about 0.0705 now :) that's almost £200 saving for me :)
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Cool story Bro.
 
Garyvdh said:
IOL.co.za and xe.com says R8.93.

are you perhaps looking at the SELL rate?
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Yes, I always use and quote sell rate, because I am converting Rand into Dollars. I want to know how many Rand it takes to buy one United States dollar. Buy rates are only useful for people who have dollars to sell.
 
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Ockie said:
R8.93. O my vrek! Wat da f@k gaan aan????? :confused:

Is this all because of all the strikes going on? I hope they are fcking happy now! :mad:
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Yep, the country and the employers have lost so much money in this whole business that they literally cannot afford to give the strikers an increase now.
In fact, many of them will most probably be laid off soon.
 
Re: Rand/Dollar rate

Looks set to break through the R9/US $ in the next few days. Ouch.
 
News of the strike deal seems to have kicked the Rand back up again trading 2 - 3% higher against the 3 major currencies so far

1$ = R8.64
 
chrisc4290 said:
Moenie panic nie. Alles sal reg kom
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I'm sure that sentiment was echoed in Zimbabwe when the inflation started going up.
One can never be sure of the future when you have clowns running the country.
 
Re: Rand/Dollar rate

If it breaks below 8.50 year end maybe closer to 8.20
 
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