The ZAR Exchange Rate Thread

[Mr Feesh]

going to america in June, put off buying dollars two weeks ago as i was busy with exams

 

[Arthur]

And if you want to buy dollars through your bank (eg FNB), it'll cost you R9.8635 for a US dollar (23 May 2013, 11h11).

 

[LazyLion]

First National Bank Public Exchange Rates

Published at 10.33am against the rand on Friday May 24, 2013 for amounts up to R50,000.

Bank Bank Bank Bank

Currency Selling Buying Buying Buying

Rate Rate TC's Notes

Rand per Foreign Currency Unit

USD US DOLLARS 9.7318 9.3107 9.2729 9.3282

GBP BRITISH STERLING 14.7592 14.0427 13.9844 14.0676

EUR EURO CURRENCY 12.6597 12.0779 12.0282 12.0989

Foreign Currency Unit per Rand

AUD AUSTRALIAN DOLLARS 0.1046 0.1125 0.1130 0.1124

BWP BOTSWANA PULA 0.8344 0.9262 0.9302 0.9249

CAD CANADIAN DOLLARS 0.1043 0.1131 0.1136 0.1129

CHF SWISS FRANCS 0.0976 0.1052 0.1056 0.1050

DKK DANISH KRONE 0.5768 0.6296 0.6321 0.6284

GHS GHANAIAN CEDI 0.1875 0.0000 0.0000 0.0000

HKD HONG KONG DOLLARS 0.7782 0.8561 0.8595 0.8544

INR INDIAN RUPEES 5.5526 6.1067 6.1306 6.0941

JPY JAPANESE YEN 10.2989 11.1297 11.1733 11.1068

KES KENYAN SCHILLINGS 8.3588 9.3764 0.0000 9.3572

LSL LESOTHO LOTI 1.0000 1.0000 0.0000 1.0000

MUR MAURITIUS RUPEES 2.9941 3.4768 3.4903 3.4696

MWK MALAWI KWACHA 27.9350 0.0000 0.0000 0.0000

MZN MOZAMBIQUE METICAL 2.9300 0.0000 0.0000 0.0000

NAD NAMIBIAN DOLLAR 1.0000 1.0000 0.0000 1.0000

NGN NIGERIAN NAIRA 14.6024 18.1730 18.2421 18.1327

NOK NORWEGIAN KRONER 0.5832 0.6372 0.6398 0.6360

NZD NEW ZEALAND DOLLARS 0.1247 0.1351 0.1356 0.1349

PKR PAKISTAN RUPEES 9.5015 10.6175 0.0000 10.5963

SEK SWEDISH KRONER 0.6675 0.7288 0.7317 0.7273

SGD SINGAPORE DOLLARS 0.1277 0.1379 0.1384 0.1376

SZL SWAZILAND LILANGENI 1.0000 1.0000 0.0000 1.0000

THB THAILAND BAHT 3.0236 3.2679 3.2806 3.2610

TZS TANZANIAN SHILLINGS 155.1899 182.0557 0.0000 181.6694

UGX UGANDAN SHILLINGS 254.5507 296.8880 0.0000 296.2973

ZMW ZAMBIAN KWACHA 0.5212 0.0000 0.0000 0.0000


Source : Sapa /th
Date : 24 May 2013 10:52

 

[LazyLion]

 

[LazyLion]

 

[Arthur]

This is very painful for someone who buys dollars with Rand (as I do). Sell Rate now over R10.

How much further can our ever-diminishing Rand drop in the next two months ... R11 ... R12? Miners strikes, 60% wage demands, Eskom power cuts, QE by Fed, BoE, ECB ...

 

[Devill]

This is very painful for someone who buys dollars with Rand (as I do). Sell Rate now over R10.

How much further can our ever-diminishing Rand drop in the next two months ... R11 ... R12? Miners strikes, 60% wage demands, Eskom power cuts, QE by Fed, BoE, ECB ...

I presume you do not do large amounts as the margin you are quoting is a very wide one.

 

[Arthur]

I presume you do not do large amounts as the margin you are quoting is a very wide one.

Yeah, the published rate is for <R50K TT, so it's a ceiling. I do large amounts and get a better rate, but even so, I have to price now for 60 days out.

 

[Devill]

Yeah, the published rate is for <R50K TT, so it's a ceiling. I do large amounts and get a better rate, but even so, I have to price now for 60 days out.

O ouch, 60 days out is a pain, but do some sensible risk management if you are thinking of speculating....

 

[Arthur]

O ouch, 60 days out is a pain, but do some sensible risk management if you are thinking of speculating....

Not speculating, though being an importer these days is pure speculation . Buying cover is too expensive, so I manage it myself.

 

[Devill]

Not speculating, though being an importer these days is pure speculation . Buying cover is too expensive, so I manage it myself.

Well if you want to hedge the risk. Buy the currency and work the rate into your costing when working out the selling price.

 

[Arthur]

Well if you want to hedge the risk. Buy the currency and work the rate into your costing when working out the selling price.

Yup. Do that from time to time. Thanks for caring enough to post a tip - much appreciated.

 

[Thingyyyyyy]

Rand weaker as foreigners sell bonds

http://www.fin24.com/Markets/Currencies/Rand-weaker-as-foreigners-sell-bonds-20130529

Johannesburg - The rand continued to lose ground against the dollar on Wednesday as foreigners sold local bonds in response to Tuesday’s worse than expected gross domestic product (GDP) figures.

“We’re seeing a combination of things pressuring the rand today. The big thing was the GDP numbers yesterday which were a shocker and turned the market significantly because they will have a big effect on our trade balance. It might also force Gill Marcus’s hand and press her into a rate cut‚” said Tony van Dyk‚ a currency dealer at the Iquad Group.

Seasonally adjusted and annualised GDP grew by 0.9% in the quarter‚ well below forecasts of a 1.9% rise‚ and falling short of fourth-quarter growth of 2.1%.

“Foreigners have also been net sellers of bonds‚ commodity prices are down‚ fears over unsecured lending‚ and labour woes are ongoing. The euro also came off quite sharply‚ which affected the rand‚” he said.

At 11:35‚ the rand was bid at R9.8370/$ from R9.7801 at Tuesday’s close and R9.6099 at Monday’s close.

The local currency was bid at R12.6781/€ from its previous close of R12.5710 and was at R14.8027 against

This is not good. Not good at all.

 

[Rosaudio]

Good for me

 

[ToxicBunny]

Fark steaks...



Who is going to bet fuel goes up by R2/l...

 

[Thingyyyyyy]

where do I get a graph that shows the economic growth of the last 4 quarters vs the previous year?

 

[JStrike]

Great news

 

[JStrike]

where do I get a graph that shows the economic growth of the last 4 quarters vs the previous year?

The data is available at StatsSA, throw the data into Numbers and voila - a nice graph

 

[OMB]

Great news

how is this great news?

 

[Devill]

Lol, this is going to be fun.

Costs will rise with the higher Petrol price.