The ZAR Exchange Rate Thread

[TelkomUseless]

So there goes our petrol price (and everything else linked remotely to petrol)

 

[TheRidDlerX]

how is this great news?

Probly overseas currency or stocks getting more valueable by the second because of it.

 

[RexxGrim]

So there goes our petrol price (and everything else linked remotely to petrol)

So everything then.

 

[TelkomUseless]

So everything then.

 

[Cameronkk]

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

https://www.google.com/finance?q=ZARUSD

 

[Hosehead]

That's what I've been saying about foreign inflows and how quick they turn to outflows. If Gill Marcus is forced into a rate cut the outflows will increase

 

[ToxicBunny]

fscking hell.. nearly 9% down in less than a month.

 

[DreamKing]

how is this great news?

petrol R20/L next month.

 

[MKFrost]

how is this great news?

I earn in dollars so a dip like this is a nice added bonus and more than make up for all the negative attached to it i.e. increased petrol price etc...

Times like these are big paydays for those earning in a foreign currencies and even more so if they can control the times at which money is brought back.

 

[OMB]

petrol R20/L next month.

and the associated increase in everything else

 

[biometrics]

Good for me

You live in the UK so how is it good for you?

 

[GoofySmurf]

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

This is not good. Not good at all.

I dont mind I have allot of dollars to sell

 

[Mila]

I dont mind I have allot of dollars to sell

 

[zippy]

Why would foreigners only be selling bonds? Surely, a South African investor with half a brain will also be selling ?

 

[MKFrost]

Why would foreigners only be selling bonds? Surely, a South African investor with half a brain will also be selling ?

Foreigners are usually the biggest/largest buyers of our bonds when compared in volume. Also, locals tend to hold onto our own bonds and stock much longer than foreigners do when things go through the fan a bit...

They [the foreigners] jump ship at the first sign of trouble whereas the locals are more prepared to weather the storm as we are used to things going through the fan about three times a day

 

[Lightscribe]

Good for me

 

[jambai]

Why would we need a rate cut if we want a stronger rand or is it all about growth? .Surely we need a rate hike which will bring money here due to its increased yield and this inflow will strengthen the rand .Or am I missing something?

 

[agentrfr]

It was an okay day for the Rand today. We've ended off pretty much where we started today.



The real kicker today was AUDNZD. I'm not quite sure what has been going on between the two countries, but it was a real treat to trade today.

 

[zippy]

Foreigners are usually the biggest/largest buyers of our bonds when compared in volume. Also, locals tend to hold onto our own bonds and stock much longer than foreigners do when things go through the fan a bit...

They [the foreigners] jump ship at the first sign of trouble whereas the locals are more prepared to weather the storm as we are used to things going through the fan about three times a day

Sounds stupid. Investing based on sentiment=epic fail. Tbh, I don't believe it

 

[JStrike]

how is this great news?

Exports become more competitive finally.
That and bringing in Euro's is much better!