The ZAR Exchange Rate Thread

[hj2k_x]

$ = R 7.83
£ = R 15.58
€ = R 11.76
Gold = $ 974.38
Oil = $ 100.10
Last update 01-Mar-2008 10:30:00


Still moving down...on the weekend

 

[Piepalook]

$ = R 7.83
£ = R 15.58
€ = R 11.76
Gold = $ 974.38
Oil = $ 100.10
Last update 01-Mar-2008 10:30:00


Still moving down...on the weekend

Any reason for the drop?

Did i miss something?

 

[nobasooto]

Speculative attack?

 

[hj2k_x]

Speculative attack?

What does this normally lead to? And what causes it to happen?

 

[Piepalook]

Speculative attack?

You lost me here.

 

[Piepalook]

What does this normally lead to? And what causes it to happen?

Is there any reason, that you know of, for the drop in the value of the rand?

 

[Piepalook]

It's usually because of currency trading.
And then also because of other currencies gaining, losing value.
Then reporters make up reasons for it.

Zimbabwe's currency is a bit easier to understand...

I wonder if anybody understands their currency.

I heard they are back to bartering.

Sad.

 

[nobasooto]

Rand is getting fecked!

 

[Piepalook]

Rand R7.72 to $
Rand R15.32 to pound
Rand R 11.71 to Euro.

As at 08 h 05 this morning.

 

[nobasooto]

Rand R7.72 to $
Rand R15.32 to pound
Rand R 11.71 to Euro.

As at 08 h 05 this morning.

Where are you getting your rates from? XE.com shows

1.00 GBP = 15.7586 ZAR

 

[Piepalook]

Where are you getting your rates from? XE.com shows

1.00 GBP = 15.7586 ZAR

Sawubona.( rand exchange rate)

It gets updated every 20 minutes.

http://www.sawubona.co.za/index.php?newsId=ZARCurrency

 

[nobasooto]

1.00 GBP = 15.8369 ZAR

Downhill all the way... not good...

 

[Piepalook]

1.00 GBP = 15.8369 ZAR

Downhill all the way... not good...

Where do you get your info?

Sawubona shows no change.

 

[nobasooto]

Where do you get your info?

Sawubona shows no change.

www.xe.com

 

[Piepalook]

www.xe.com

THanks!

 

[Piepalook]

This is bad news!

Black monday?

 

[vespax]

uh... 8:1 here we come. Just when I need to move rands to my US bank.

 

[Robin Hood]

We've just reached the all time high -->
......................................Dollar----Euro
03 Mar 2008 ( 09:45 ) ---> R7.93---R12.07

 

[Piepalook]

We've just reached the all time high -->
......................................Dollar----Euro
03 Mar 2008 ( 09:45 ) ---> R7.93---R12.07

Not good.

I am supposed to pay today in U.S. dollars. Damn!

 

[hj2k_x]

$ = R 7.96
£ = R 15.79
€ = R 12.10
Gold = $ 983.50
Oil = $ 100.48
Last update 03-Mar-2008 09:30:00


First time it's been over 12 to the Euro. Heading for 8 to the dollar