The ZAR Exchange Rate Thread

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$ = R 7.65
£ = R 14.93
€ = R 11.20
Gold = $ 903.35
Oil = $ 94.94

Falling again. But might end stronger than it closed on Friday at least.
 
even if you have market system like reuters or bloomberg there is never one right exchange rate at any time. people will trade around a level. so even if it shows say 7.63 on the bid on screen, you could be quoted 7.6250 or 7.6350 depending on the position the person who is quoting you has.

and then if you are talking about websites it is also dependant on the delay that site has.
 
I have never been a currency trader, where does the trade actually take place ? NewYork ?

If it is , The Americans (eg .cnbc) should have the latest , Isnt it ?
 
milomak said:
and then if you are talking about websites it is also dependant on the delay that site has.
Click to expand...

That's why I'm taking my figures from the daily mail from xe.com. No particular reason for choosing this site, but the figures I get is always from 12:00 GMT, so it gives a slightly more accurate view of the flow.
 
= R 7.62
£ = R 14.88
€ = R 11.17
Gold = $ 904.37
Oil = $ 95.25
Last update 18-Feb-2008 17:30:00

Is what I get...
 
anybody have any idea or forecast where the rand is going to head this week?
 
$ = R 7.63
£ = R 14.88
€ = R 11.24
Gold = $ 922.60
Oil = $ 97.15
Last update 19-Feb-2008 17:30:00


Budget speech tomorrow at two.
 
1.00 NZD = 6.21606 ZAR WOW

By the time I wake up, after old manual has given his speech, bet it will be at R6.50.
 
$ = R 7.81
£ = R 15.20
€ = R 11.49
Gold = $ 924.20
Oil = $ 97.43
Last update 20-Feb-2008 11:30:00


Let's see what the budget as to say for itself...
 
Gooku said:
What happened ? Turbulence ?

Waiting for the speech ? it will be a good one , it has been for years ...
Click to expand...

The stronger the rand,the harder Manuel will hit us.
Not good news i am afraid.
I am generating another,in a few minutes.
 
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