Sign up with GoogleIf he wasn't so incompetent, the anc may have been running the show in the WC. If they were running the show there, this would not have been provided. So he should thanked for his incompetence.
-
Ask a question and get free supportUnlock new privileges and see hidden discussionsWin prizes and earn reputation
-
Question of the day ~ How often do you braai?
-
Afristay giveaway.Win a 2-night stay for two people at an establishment of your choice with R1,000 in spending money. Enter here.
The ZAR Exchange Rate Thread
- Thread starter Robin Hood
- Start date
- Status
If he wasn't so incompetent, the anc may have been running the show in the WC. If they were running the show there, this would not have been provided. So he should thanked for his incompetence.
LazyLion
King of de Jungle
- Joined
- Mar 17, 2005
- Messages
- 105,603
Dollar slips versus Yen in Asian Trade
The dollar weakened against the yen in Asia Tuesday after poor US housing data raised the likelihood the Federal Reserve would not wind back its stimulus programme in the near term.
The greenback fetched 99.46 yen in afternoon Tokyo trade, down from 99.59 yen in New York Monday afternoon and well off the 100-yen levels at the end of last week, while the euro bought 131.26 yen and $1.3198, from 131.33 yen and $1.3186.
On Monday the National Association of Realtors said home US sales fell 1.2 percent to an annual rate of 5.08 million in June, from a downwardly revised 5.15 million in May. The average analyst estimate was for a rise to a 5.28 million pace in June.
The news indicates the economy is still not able to support itself without the huge cash injections from the Fed's bond-buying, which could push back the bank's timing for reeling in the scheme.
In Japan the win for Prime Minister Shinzo Abe's party in upper house elections on Sunday gives him full control of both houses and the legislative muscle to press on with his drive to boost the economy.
Abe has embarked on a big-spending, stimulus-driven scheme to kickstart Japanese growth, which has seen a flood of yen hit financial markets, sending the value of the unit tumbling.
However, Credit Agricole said: "The election victory ... did not deliver the sharp move higher in (the dollar against the yen) that many were looking for."
The victory was widely expected while a drop in US bond yields in recent days may also be dragging the dollar down, it added.
"Markets will now look for long-awaited reforms from Abe, but despite the resounding election victory he will need to win over the vested interests in his party, which will be no easy task," Credit Agricole said.
The dollar was mixed against other Asia-Pacific currencies.
It firmed to 59.59 Indian rupees from 59.44 rupees Monday and to Tw$29.91 from Tw$29.90.
The greenback edged down to Sg$1.2624 from Sg$1.2625, to 30.92 Thai baht from 30.95 baht, to 43.16 Philippine pesos from 43.25 pesos and to 1,116.07 South Korean won from 1,118.25 won.
It stood at 10,205 Indonesian rupiah.
The Australian dollar rose to 92.76 US cents from 92.13 cents while the Chinese yuan changed hands at 16.20 yen against 16.26 yen.
Source : Sapa-AFP /dm
Date : 23 Jul 2013 07:45
The dollar weakened against the yen in Asia Tuesday after poor US housing data raised the likelihood the Federal Reserve would not wind back its stimulus programme in the near term.
The greenback fetched 99.46 yen in afternoon Tokyo trade, down from 99.59 yen in New York Monday afternoon and well off the 100-yen levels at the end of last week, while the euro bought 131.26 yen and $1.3198, from 131.33 yen and $1.3186.
On Monday the National Association of Realtors said home US sales fell 1.2 percent to an annual rate of 5.08 million in June, from a downwardly revised 5.15 million in May. The average analyst estimate was for a rise to a 5.28 million pace in June.
The news indicates the economy is still not able to support itself without the huge cash injections from the Fed's bond-buying, which could push back the bank's timing for reeling in the scheme.
In Japan the win for Prime Minister Shinzo Abe's party in upper house elections on Sunday gives him full control of both houses and the legislative muscle to press on with his drive to boost the economy.
Abe has embarked on a big-spending, stimulus-driven scheme to kickstart Japanese growth, which has seen a flood of yen hit financial markets, sending the value of the unit tumbling.
However, Credit Agricole said: "The election victory ... did not deliver the sharp move higher in (the dollar against the yen) that many were looking for."
The victory was widely expected while a drop in US bond yields in recent days may also be dragging the dollar down, it added.
"Markets will now look for long-awaited reforms from Abe, but despite the resounding election victory he will need to win over the vested interests in his party, which will be no easy task," Credit Agricole said.
The dollar was mixed against other Asia-Pacific currencies.
It firmed to 59.59 Indian rupees from 59.44 rupees Monday and to Tw$29.91 from Tw$29.90.
The greenback edged down to Sg$1.2624 from Sg$1.2625, to 30.92 Thai baht from 30.95 baht, to 43.16 Philippine pesos from 43.25 pesos and to 1,116.07 South Korean won from 1,118.25 won.
It stood at 10,205 Indonesian rupiah.
The Australian dollar rose to 92.76 US cents from 92.13 cents while the Chinese yuan changed hands at 16.20 yen against 16.26 yen.
Source : Sapa-AFP /dm
Date : 23 Jul 2013 07:45
LazyLion
King of de Jungle
- Joined
- Mar 17, 2005
- Messages
- 105,603
Dollar Drops on Weak US Housing Data
The dollar Monday fell against other major currencies after disappointing US housing data revived talk of a slower time-table to scale back the Fed's aggressive bond-buying program.
Near 2100 GMT, the euro gained on the dollar, trading at $1.3186 Monday compared with $1.3139 Friday.
The dollar fell to 99.59 yen from 100.35 yen.
The euro also fell against the yen, trading at 131.33 from 131.90.
The British pound and Swiss franc also advanced against the dollar.
The dollar in recent weeks has generally risen against most major currencies on the expectation that the US Federal Reserve would pull back on some of its most aggressive expansionary policies earlier than other leading central banks.
But existing-home sales Monday came in below expectations, falling 1.2 percent in June to 5.08 million from 5.15 million in May, according to data from the National Association of Realtors.
The data followed disappointing recent figures on building permits and housing starts.
Christopher Vecchio, currency analyst at DailyFX, attributed the recent spate of unimpressive US housing data to the jump in US mortgage rates after talk of an imminent Fed taper pushed treasury yields higher.
The "trifecta" of weak US housing data, "will (inevitably) force US monetary policymakers to rethink the path of unwinding QE3," Vecchio said, referring to the bond-purchase program known as quantitative easing.
"Given the implication that borrowing costs are rising, a further sustained increase in US yields has negative implications for the US housing market, and thus, for the US dollar over the medium term."
Meanwhile, the yen's surge came in the wake of weekend elections that boosted Prime Minister Shinzo Abe's ruling Liberal Democrats.
Omer Esiner, chief market analyst at Commonwealth Foreign Exchange, attributed the yen's rally to "buy the rumor, sell the fact" trading, given the expectation that further empowering Abe will continue to "keep the yen biased lower" in the medium term since Abe has favored expansionary policies.
Ravi Bharadwaj, senior pricing and market analyst at Western Union Business Solutions, said Abe's victory "could mean larger fiscal stimulus programs in the coming months were the Japanese economy to falter."
Among other currencies, the pound rose to $1.5360 from Friday's level of $1.5258.
The dollar dropped to 0.9360 Swiss franc from 0.9408.
Source : Sapa-AFP /dm
Date : 23 Jul 2013 00:26
The dollar Monday fell against other major currencies after disappointing US housing data revived talk of a slower time-table to scale back the Fed's aggressive bond-buying program.
Near 2100 GMT, the euro gained on the dollar, trading at $1.3186 Monday compared with $1.3139 Friday.
The dollar fell to 99.59 yen from 100.35 yen.
The euro also fell against the yen, trading at 131.33 from 131.90.
The British pound and Swiss franc also advanced against the dollar.
The dollar in recent weeks has generally risen against most major currencies on the expectation that the US Federal Reserve would pull back on some of its most aggressive expansionary policies earlier than other leading central banks.
But existing-home sales Monday came in below expectations, falling 1.2 percent in June to 5.08 million from 5.15 million in May, according to data from the National Association of Realtors.
The data followed disappointing recent figures on building permits and housing starts.
Christopher Vecchio, currency analyst at DailyFX, attributed the recent spate of unimpressive US housing data to the jump in US mortgage rates after talk of an imminent Fed taper pushed treasury yields higher.
The "trifecta" of weak US housing data, "will (inevitably) force US monetary policymakers to rethink the path of unwinding QE3," Vecchio said, referring to the bond-purchase program known as quantitative easing.
"Given the implication that borrowing costs are rising, a further sustained increase in US yields has negative implications for the US housing market, and thus, for the US dollar over the medium term."
Meanwhile, the yen's surge came in the wake of weekend elections that boosted Prime Minister Shinzo Abe's ruling Liberal Democrats.
Omer Esiner, chief market analyst at Commonwealth Foreign Exchange, attributed the yen's rally to "buy the rumor, sell the fact" trading, given the expectation that further empowering Abe will continue to "keep the yen biased lower" in the medium term since Abe has favored expansionary policies.
Ravi Bharadwaj, senior pricing and market analyst at Western Union Business Solutions, said Abe's victory "could mean larger fiscal stimulus programs in the coming months were the Japanese economy to falter."
Among other currencies, the pound rose to $1.5360 from Friday's level of $1.5258.
The dollar dropped to 0.9360 Swiss franc from 0.9408.
Source : Sapa-AFP /dm
Date : 23 Jul 2013 00:26
LazyLion
King of de Jungle
- Joined
- Mar 17, 2005
- Messages
- 105,603
Dollar at one month low against Yen
The dollar slumped to its lowest level in a month against the yen in Asia on Monday as investors await a US central bank policy meeting for clues about the future of its stimulus programme.
The greenback fetched 97.76 yen in Tokyo morning trade -- its lowest since late June -- against 98.20 yen in New York on Friday afternoon.
The euro bought $1.3286 and 130.09 yen against $1.3278 and 130.48 yen.
Eyes are on the two-day Federal Reserve meeting, with speculation growing that it may hold off winding down the $85-billion-a-month bond-buying scheme following a mixed bag of economic data.
Fed officials have said they would likely start reeling in the programme when the economy shows it can stand on its own.
Investors are also waiting for the latest non-farm payrolls data and GDP data for the second quarter.
"Expectations of a dovish Fed are weighing on the (dollar)," Kengo Suzuki, forex strategist at Mizuho Securities, told Dow Jones Newswires.
Comments from Fed officials, including its chief Ben Bernanke, have kept investors guessing about a timeline for any pull-back.
A draw-down on Fed stimulus would mean fewer dollars sloshing around in the financial system, lifting demand and in turn sending the currency higher.
"The outlook for (the dollar)... will be dominated by the ongoing conflict between US economic data and Fed policy rhetoric," Credit Agricole said in a note.
The European Central Bank will hold a policy meeting Thursday but analysts say improving figures for the eurozone mean policymakers will likely to hold off cutting interest rates for the time being.
Source : Sapa-AFP /dm
Date : 29 Jul 2013 05:23
The dollar slumped to its lowest level in a month against the yen in Asia on Monday as investors await a US central bank policy meeting for clues about the future of its stimulus programme.
The greenback fetched 97.76 yen in Tokyo morning trade -- its lowest since late June -- against 98.20 yen in New York on Friday afternoon.
The euro bought $1.3286 and 130.09 yen against $1.3278 and 130.48 yen.
Eyes are on the two-day Federal Reserve meeting, with speculation growing that it may hold off winding down the $85-billion-a-month bond-buying scheme following a mixed bag of economic data.
Fed officials have said they would likely start reeling in the programme when the economy shows it can stand on its own.
Investors are also waiting for the latest non-farm payrolls data and GDP data for the second quarter.
"Expectations of a dovish Fed are weighing on the (dollar)," Kengo Suzuki, forex strategist at Mizuho Securities, told Dow Jones Newswires.
Comments from Fed officials, including its chief Ben Bernanke, have kept investors guessing about a timeline for any pull-back.
A draw-down on Fed stimulus would mean fewer dollars sloshing around in the financial system, lifting demand and in turn sending the currency higher.
"The outlook for (the dollar)... will be dominated by the ongoing conflict between US economic data and Fed policy rhetoric," Credit Agricole said in a note.
The European Central Bank will hold a policy meeting Thursday but analysts say improving figures for the eurozone mean policymakers will likely to hold off cutting interest rates for the time being.
Source : Sapa-AFP /dm
Date : 29 Jul 2013 05:23
APoc184
Honorary Master
- Joined
- Sep 6, 2008
- Messages
- 24,668
Is there a site or perhaps just an article that will shed some light on the short term forecast for the Rand/Dollar exchange rate?
Or anybody here with some inside info they might be willing to share?
Looking to buy something from abroad and at this stage even a 20c difference will make a significant difference in my purchase price.
Or anybody here with some inside info they might be willing to share?
Looking to buy something from abroad and at this stage even a 20c difference will make a significant difference in my purchase price.
LazyLion
King of de Jungle
- Joined
- Mar 17, 2005
- Messages
- 105,603
APoc184
Honorary Master
- Joined
- Sep 6, 2008
- Messages
- 24,668
Thanks.
So on a slightly longer term it doesn't look good and I should probably buy now before it gets worse.
Between Thursday and today it dropped about 15c. Was hoping it would drop by another 20c or so.
Wonder if Zuma congratulating Mugabe on his victory will have any effect?
So on a slightly longer term it doesn't look good and I should probably buy now before it gets worse.
Between Thursday and today it dropped about 15c. Was hoping it would drop by another 20c or so.
Wonder if Zuma congratulating Mugabe on his victory will have any effect?
LazyLion
King of de Jungle
- Joined
- Mar 17, 2005
- Messages
- 105,603
I doubt it, if I was you I would grab it right now! R9.81 is the median at the moment.
LazyLion
King of de Jungle
- Joined
- Mar 17, 2005
- Messages
- 105,603
It's already heading back up.... 9.84
LazyLion
King of de Jungle
- Joined
- Mar 17, 2005
- Messages
- 105,603
Dollar up on Fed tapering talkj, emerging currencies hit
The dollar rose on Tuesday, with emerging market currencies under fresh pressure as dealers bet the US Federal Reserve will soon begin winding down its vast stimulus programme.
With eyes on the release Wednesday of minutes from the Fed's most recent policy meeting, expectations are that its year-long bond-buying, which has helped fuel a global equity and forex rally, could be coming to an end.
In early Asian trade the greenback bought 97.82 yen, against 97.56 yen in New York on Monday.
The euro was quoted at $1.3335, against $1.3334 in New York, while the single currency was also trading at 130.45 yen, from 130.09 yen.
The dollar was also at 63.135 Indian rupees -- just below its record high 63.22 rupees seen in Monday's trade -- while also buying 10,495 Indonesian rupiah, a four-year high, from 10,419 rupiah. And the Thai baht was at a one-year low of 31.61 to the dollar, compared with31.34. baht.
The rupee is Asia's worst-performing major currency this year, falling 2.3 percent on Monday as the Fed's wind-down added to mounting concerns about the state of India's economy.
"Weakness in the Indian rupee and Indonesian rupiah has been particularly pronounced following a continued sell-off in Indian government bonds and a much larger-than-expected Indonesian second quarter current account deficit," Barclays Capital said in a note to clients.
The Fed's $85-billion-a-month easing policy saw a flood of cash into developing economies when it was launched last year as dealers sought out places with higher interest rates for better returns on their investments than in the West.
However, with the US economy showing signs of improvement, market-watchers say the central bank will likely slow down its bond-buying, which in turn will lead to higher rates and home and a repatriation of the money from emerging markets.
Source : Sapa-AFP /mjs
Date : 20 Aug 2013 05:57
The dollar rose on Tuesday, with emerging market currencies under fresh pressure as dealers bet the US Federal Reserve will soon begin winding down its vast stimulus programme.
With eyes on the release Wednesday of minutes from the Fed's most recent policy meeting, expectations are that its year-long bond-buying, which has helped fuel a global equity and forex rally, could be coming to an end.
In early Asian trade the greenback bought 97.82 yen, against 97.56 yen in New York on Monday.
The euro was quoted at $1.3335, against $1.3334 in New York, while the single currency was also trading at 130.45 yen, from 130.09 yen.
The dollar was also at 63.135 Indian rupees -- just below its record high 63.22 rupees seen in Monday's trade -- while also buying 10,495 Indonesian rupiah, a four-year high, from 10,419 rupiah. And the Thai baht was at a one-year low of 31.61 to the dollar, compared with31.34. baht.
The rupee is Asia's worst-performing major currency this year, falling 2.3 percent on Monday as the Fed's wind-down added to mounting concerns about the state of India's economy.
"Weakness in the Indian rupee and Indonesian rupiah has been particularly pronounced following a continued sell-off in Indian government bonds and a much larger-than-expected Indonesian second quarter current account deficit," Barclays Capital said in a note to clients.
The Fed's $85-billion-a-month easing policy saw a flood of cash into developing economies when it was launched last year as dealers sought out places with higher interest rates for better returns on their investments than in the West.
However, with the US economy showing signs of improvement, market-watchers say the central bank will likely slow down its bond-buying, which in turn will lead to higher rates and home and a repatriation of the money from emerging markets.
Source : Sapa-AFP /mjs
Date : 20 Aug 2013 05:57
LazyLion
King of de Jungle
- Joined
- Mar 17, 2005
- Messages
- 105,603
R10.16 is the median to the dollar now.
http://www.xe.com/
http://www.xe.com/
That's the truth. While the Rand may strengthen the importers won't pass on their savings to you and even some unscrupulous retailers are selling stock at higher rates that has been sitting in warehouses when bought when the rand was weaker.
LazyLion
King of de Jungle
- Joined
- Mar 17, 2005
- Messages
- 105,603
FNB Public Exchange Rates
Published at 08:05:10 against the rand on Wed 21 Aug 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 10.3655 9.9232 9.8865 9.9411
GBP BRITISH STERLING 16.2786 15.5118 15.4569 15.5413
EUR EURO CURRENCY 13.9229 13.2998 13.2525 13.3259
Foreign Currency Unit per Rand
AUD AUSTRALIAN DOLLARS 0.1053 0.1130 0.1135 0.1129
BWP BOTSWANA PULA 0.8109 0.8988 0.9022 0.8974
CAD CANADIAN DOLLARS 0.0987 0.1069 0.1073 0.1067
CHF SWISS FRANCS 0.0872 0.0938 0.0942 0.0937
DKK DANISH KRONE 0.5250 0.5718 0.5739 0.5707
GHS GHANAIAN CEDI 0.1880 0.0000 0.0000 0.0000
HKD HONG KONG DOLLARS 0.7315 0.8028 0.8056 0.8012
INR INDIAN RUPEES 5.9653 6.5465 6.5688 6.5321
JPY JAPANESE YEN 9.2610 9.9913 10.0271 9.9719
KES KENYAN SCHILLINGS 8.0696 9.1094 0.0000 9.0902
LSL LESOTHO LOTI 1.0000 1.0000 0.0000 1.0000
MUR MAURITIUS RUPEES 2.8195 3.2350 3.2464 3.2285
MWK MALAWI KWACHA 26.2667 0.0000 0.0000 0.0000
MZN MOZAMBIQUE METICAL 2.7100 0.0000 0.0000 0.0000
NAD NAMIBIAN DOLLAR 1.0000 1.0000 0.0000 1.0000
NGN NIGERIAN NAIRA 14.1982 17.0451 17.1039 17.0086
NOK NORWEGIAN KRONER 0.5622 0.6132 0.6154 0.6120
NZD NEW ZEALAND DOLLARS 0.1195 0.1291 0.1296 0.1289
PKR PAKISTAN RUPEES 8.9323 9.9590 0.0000 9.9406
SEK SWEDISH KRONER 0.6134 0.6686 0.6711 0.6674
SGD SINGAPORE DOLLARS 0.1212 0.1307 0.1312 0.1305
SZL SWAZILAND LILANGENI 1.0000 1.0000 0.0000 1.0000
THB THAILAND BAHT 3.0153 3.2583 3.2697 3.2515
TZS TANZANIAN SHILLINGS 146.3691 173.9060 0.0000 173.5347
UGX UGANDAN SHILLINGS 235.5079 278.4545 0.0000 277.8515
ZMW ZAMBIAN KWACHA 0.5057 0.0000 0.0000 0.0000
Source : Sapa /jje
Date : 21 Aug 2013 08:41
Published at 08:05:10 against the rand on Wed 21 Aug 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 10.3655 9.9232 9.8865 9.9411
GBP BRITISH STERLING 16.2786 15.5118 15.4569 15.5413
EUR EURO CURRENCY 13.9229 13.2998 13.2525 13.3259
Foreign Currency Unit per Rand
AUD AUSTRALIAN DOLLARS 0.1053 0.1130 0.1135 0.1129
BWP BOTSWANA PULA 0.8109 0.8988 0.9022 0.8974
CAD CANADIAN DOLLARS 0.0987 0.1069 0.1073 0.1067
CHF SWISS FRANCS 0.0872 0.0938 0.0942 0.0937
DKK DANISH KRONE 0.5250 0.5718 0.5739 0.5707
GHS GHANAIAN CEDI 0.1880 0.0000 0.0000 0.0000
HKD HONG KONG DOLLARS 0.7315 0.8028 0.8056 0.8012
INR INDIAN RUPEES 5.9653 6.5465 6.5688 6.5321
JPY JAPANESE YEN 9.2610 9.9913 10.0271 9.9719
KES KENYAN SCHILLINGS 8.0696 9.1094 0.0000 9.0902
LSL LESOTHO LOTI 1.0000 1.0000 0.0000 1.0000
MUR MAURITIUS RUPEES 2.8195 3.2350 3.2464 3.2285
MWK MALAWI KWACHA 26.2667 0.0000 0.0000 0.0000
MZN MOZAMBIQUE METICAL 2.7100 0.0000 0.0000 0.0000
NAD NAMIBIAN DOLLAR 1.0000 1.0000 0.0000 1.0000
NGN NIGERIAN NAIRA 14.1982 17.0451 17.1039 17.0086
NOK NORWEGIAN KRONER 0.5622 0.6132 0.6154 0.6120
NZD NEW ZEALAND DOLLARS 0.1195 0.1291 0.1296 0.1289
PKR PAKISTAN RUPEES 8.9323 9.9590 0.0000 9.9406
SEK SWEDISH KRONER 0.6134 0.6686 0.6711 0.6674
SGD SINGAPORE DOLLARS 0.1212 0.1307 0.1312 0.1305
SZL SWAZILAND LILANGENI 1.0000 1.0000 0.0000 1.0000
THB THAILAND BAHT 3.0153 3.2583 3.2697 3.2515
TZS TANZANIAN SHILLINGS 146.3691 173.9060 0.0000 173.5347
UGX UGANDAN SHILLINGS 235.5079 278.4545 0.0000 277.8515
ZMW ZAMBIAN KWACHA 0.5057 0.0000 0.0000 0.0000
Source : Sapa /jje
Date : 21 Aug 2013 08:41
koeksGHT
Dealer
- Joined
- Aug 5, 2011
- Messages
- 11,857
LazyLion
King of de Jungle
- Joined
- Mar 17, 2005
- Messages
- 105,603
screen snip table next time
That's how it looks on the SAPA feed as well.
koeksGHT
Dealer
- Joined
- Aug 5, 2011
- Messages
- 11,857
LazyLion
King of de Jungle
- Joined
- Mar 17, 2005
- Messages
- 105,603
No, some days it is organised nicely, others it is jumbled like that.
If it is in table form, then I take a screen shot.
if it jumbled, then I couldn't be bothered to sort it!
And their source I would assume is none other than First National Bank!
- Status