The ZAR Exchange Rate Thread

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SuperAntMD said:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aku9sRQfnyig&refer=home "Rand Sinks as South African Electricity Grid Fails"
Click to expand...

``It's a tragedy that the country is not benefiting from these record commodity prices,'' said Michael Keenan, a currency strategist in Johannesburg at Standard Bank Group Ltd., Africa's largest lender. The rand will fall 5 percent to 8.20 per dollar before the end of 2008, he said.
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From R7.15 on 27 Jan to R7.78 (xe.com), I'm sure he meant to say "8.20 per dollar before the end of February 2008"
 
hj2k_x said:
That is quite some fall there!
Click to expand...

I subscribed to xe.com's daily exchange rate updates and started logging the rand, euro and dollar, relative to the pound on a daily basis to a database with the aim to plot it to a pretty graph. Here's what I have so far:

Code: 
+------------+--------+--------+-------+-------------+
| date       | pounds | dollar | rand  | rand/dollar |
+------------+--------+--------+-------+-------------+
| 2008-01-27 |   1.00 |   1.98 | 14.17 |    7.156566 |
| 2008-01-28 |   1.00 |   1.98 | 14.18 |    7.161616 |
| 2008-01-29 |   1.00 |   1.99 | 14.29 |    7.180904 |
| 2008-01-30 |   1.00 |   1.99 | 14.44 |    7.256281 |
| 2008-01-31 |   1.00 |   1.99 | 14.81 |    7.442211 |
| 2008-02-01 |   1.00 |   1.96 | 14.59 |    7.443877 |
| 2008-02-02 |   1.00 |   1.97 | 14.59 |    7.406091 |
| 2008-02-03 |   1.00 |   1.97 | 14.43 |    7.324873 |
| 2008-02-04 |   1.00 |   1.97 | 14.74 |    7.482233 |
| 2008-02-05 |   1.00 |   1.96 | 15.04 |    7.673469 |
| 2008-02-06 |   1.00 |   1.96 | 15.07 |    7.688775 |
| 2008-02-07 |   1.00 |   1.94 | 14.98 |    7.721649 |
| 2008-02-08 |   1.00 |   1.94 | 15.17 |    7.819587 |
| 2008-02-09 |   1.00 |   1.95 | 15.19 |    7.789743 |
| 2008-02-10 |   1.00 |   1.95 | 15.18 |    7.784615 |
+------------+--------+--------+-------+-------------+

I just added a little forumala to my query to work out the rand/dollar for interest's sake - not logged since I buy my dollars with pounds :D
 
koffiejunkie said:
I subscribed to xe.com's daily exchange rate updates and started logging the rand, euro and dollar, relative to the pound on a daily basis to a database with the aim to plot it to a pretty graph. Here's what I have so far:

Code: 
+------------+--------+--------+-------+-------------+
| date       | pounds | dollar | rand  | rand/dollar |
+------------+--------+--------+-------+-------------+
| 2008-01-27 |   1.00 |   1.98 | 14.17 |    7.156566 |
| 2008-01-28 |   1.00 |   1.98 | 14.18 |    7.161616 |
| 2008-01-29 |   1.00 |   1.99 | 14.29 |    7.180904 |
| 2008-01-30 |   1.00 |   1.99 | 14.44 |    7.256281 |
| 2008-01-31 |   1.00 |   1.99 | 14.81 |    7.442211 |
| 2008-02-01 |   1.00 |   1.96 | 14.59 |    7.443877 |
| 2008-02-02 |   1.00 |   1.97 | 14.59 |    7.406091 |
| 2008-02-03 |   1.00 |   1.97 | 14.43 |    7.324873 |
| 2008-02-04 |   1.00 |   1.97 | 14.74 |    7.482233 |
| 2008-02-05 |   1.00 |   1.96 | 15.04 |    7.673469 |
| 2008-02-06 |   1.00 |   1.96 | 15.07 |    7.688775 |
| 2008-02-07 |   1.00 |   1.94 | 14.98 |    7.721649 |
| 2008-02-08 |   1.00 |   1.94 | 15.17 |    7.819587 |
| 2008-02-09 |   1.00 |   1.95 | 15.19 |    7.789743 |
| 2008-02-10 |   1.00 |   1.95 | 15.18 |    7.784615 |
+------------+--------+--------+-------+-------------+

I just added a little forumala to my query to work out the rand/dollar for interest's sake - not logged since I buy my dollars with pounds :D
Click to expand...

Nice :)
 
When I have more time I'll grab the historic rates from 1 January onwards and add it to the table. Would be interesting to track it for the whole year.
 
Right, so here's everything from 1 January 2008 until today:

Code: 
+------------+------+---------+---------+----------+
| Date       | GBP  | USD/GBP | ZAR/GBP | ZAR/USD  |
+------------+------+---------+---------+----------+
| 2008-01-01 | 1.00 |    1.97 |   13.48 | 6.842639 | 
| 2008-01-02 | 1.00 |    1.98 |   13.52 | 6.828283 | 
| 2008-01-03 | 1.00 |    1.97 |   13.54 | 6.873096 | 
| 2008-01-04 | 1.00 |    1.98 |   13.57 | 6.853535 | 
| 2008-01-05 | 1.00 |    1.97 |   13.56 | 6.883249 | 
| 2008-01-06 | 1.00 |    1.98 |   13.57 | 6.853535 | 
| 2008-01-07 | 1.00 |    1.97 |   13.64 | 6.923858 | 
| 2008-01-08 | 1.00 |    1.97 |   13.57 | 6.888325 | 
| 2008-01-09 | 1.00 |    1.96 |   13.45 | 6.862245 | 
| 2008-01-10 | 1.00 |    1.96 |   13.42 | 6.846939 | 
| 2008-01-11 | 1.00 |    1.96 |   13.23 | 6.750000 | 
| 2008-01-12 | 1.00 |    1.96 |   13.23 | 6.750000 | 
| 2008-01-13 | 1.00 |    1.96 |   13.23 | 6.750000 | 
| 2008-01-14 | 1.00 |    1.96 |   13.20 | 6.734694 | 
| 2008-01-15 | 1.00 |    1.97 |   13.41 | 6.807106 | 
| 2008-01-16 | 1.00 |    1.96 |   13.62 | 6.948979 | 
| 2008-01-17 | 1.00 |    1.97 |   13.89 | 7.050761 | 
| 2008-01-18 | 1.00 |    1.95 |   13.82 | 7.087179 | 
| 2008-01-19 | 1.00 |    1.96 |   13.84 | 7.061224 | 
| 2008-01-20 | 1.00 |    1.96 |   13.84 | 7.061224 | 
| 2008-01-21 | 1.00 |    1.95 |   14.03 | 7.194871 | 
| 2008-01-22 | 1.00 |    1.96 |   13.93 | 7.107143 | 
| 2008-01-23 | 1.00 |    1.95 |   13.88 | 7.117949 | 
| 2008-01-24 | 1.00 |    1.97 |   13.81 | 7.010152 | 
| 2008-01-25 | 1.00 |    1.98 |   14.17 | 7.156566 | 
| 2008-01-26 | 1.00 |    1.98 |   14.16 | 7.151515 | 
| 2008-01-27 | 1.00 |    1.98 |   14.17 | 7.156566 | 
| 2008-01-28 | 1.00 |    1.98 |   14.18 | 7.161616 | 
| 2008-01-29 | 1.00 |    1.99 |   14.29 | 7.180904 | 
| 2008-01-30 | 1.00 |    1.99 |   14.44 | 7.256281 | 
| 2008-01-31 | 1.00 |    1.99 |   14.81 | 7.442211 | 
| 2008-02-01 | 1.00 |    1.96 |   14.59 | 7.443877 | 
| 2008-02-02 | 1.00 |    1.97 |   14.59 | 7.406091 | 
| 2008-02-03 | 1.00 |    1.97 |   14.43 | 7.324873 | 
| 2008-02-04 | 1.00 |    1.97 |   14.74 | 7.482233 | 
| 2008-02-05 | 1.00 |    1.96 |   15.04 | 7.673469 | 
| 2008-02-06 | 1.00 |    1.96 |   15.07 | 7.688775 | 
| 2008-02-07 | 1.00 |    1.94 |   14.98 | 7.721649 | 
| 2008-02-08 | 1.00 |    1.94 |   15.17 | 7.819587 | 
| 2008-02-09 | 1.00 |    1.95 |   15.19 | 7.789743 | 
| 2008-02-10 | 1.00 |    1.95 |   15.18 | 7.784615 | 
| 2008-02-11 | 1.00 |    1.94 |   15.17 | 7.819587 | 
+------------+------+---------+---------+----------+
 
Piepalook said:
By the time we manage to sell our earrly possesions, we will be dirt poor!
Do you think this is the government's way of keeping us here?
Click to expand...

There is the problem.
The property market is depressed and the rand rapidly declining.
Expect to sell your house for less than it is worth. If I do not sell it in a few months, and cannot rent it - the bank can have it back. Too bad.
Staying in ZA to hold onto a house is worth nothing if I am killed in it.
 
Moederloos said:
There is the problem.
The property market is depressed and the rand rapidly declining.
Expect to sell your house for less than it is worth. If I do not sell it in a few months, and cannot rent it - the bank can have it back. Too bad.
Staying in ZA to hold onto a house is worth nothing if I am killed in it.
Click to expand...

If more people think like us,the banks would also go under!
They will have lots of property,but no cash.
Makes me think of our Northern neighbor.
 
There was a 10% nose dive .....

Mines are gonna get full capacity power soon

Should make some pull back by then ....or as soon as the traders know this... :-)
 
Gooku said:
There was a 10% nose dive .....

Mines are gonna get full capacity power soon

Should make some pull back by then ....or as soon as the traders know this... :-)
Click to expand...

And when they get full power? Do we get loadshedding again?
I am not that quick to think things are going to improve.
 
Gooku said:
There was a 10% nose dive .....

Mines are gonna get full capacity power soon

Should make some pull back by then ....or as soon as the traders know this... :-)
Click to expand...

Yeah and winter is coming along soon. Chilly weather = space heaters in homes running. :rolleyes:
 
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