The ZAR Exchange Rate Thread

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Ho3n3r said:
So it's improving from this morning - was 21.35 at one stage.
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Thank goodness for that. I've got another GBP1000 to buy this weekend. Thankfully it's with a friend and no commissions or whatever involved.
 
I wonder when the big US corporates who earn the bulk of their cash off shore are going to say enough is enough and start influencing the US government to relax the talk of a US rate hike?

On the plus side from a personal point of view, the oil price is tanking at an even faster pace than the rand, so no immediate expenditure worries.
 
sox63 said:
I wonder when the big US corporates who earn the bulk of their cash off shore are going to say enough is enough and start influencing the US government to relax the talk of a US rate hike?

On the plus side from a personal point of view, the oil price is tanking at an even faster pace than the rand, so no immediate expenditure worries.
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The low price might be the only thing that keeps SA's interest rate from rising. I hope that they raise it, it would help me personally. However, with SA's loves for credit, and people now being used to low rates, going back to the rates from the 80's would destroy many people's lives.
 
cr@zydude said:
The low price might be the only thing that keeps SA's interest rate from rising. I hope that they raise it, it would help me personally. However, with SA's loves for credit, and people now being used to low rates, going back to the rates from the 80's would destroy many people's lives.
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Yep, also hoping for a rate increase. At this rate, my funds invested in the Top 40 wont be giving much of a return this year
 
What happens when the reserve bank decides to intervene? Like what is the purpose of it etc.

(Serious question #NoTroll)
 
Swa said:
Their mandate is price stability i.e. keeping inflation under control. Not much they can do about the rand but they should have been increasing interest rates a long time ago.
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To completely kill the measly 1% growth? Heads it's ****, tails it's ****.
 
reactor_sa said:
To completely kill the measly 1% growth? Heads it's ****, tails it's ****.
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I want a return on my investment. Bugger the people who can't go through life without a bunch of credit. Should better manage their money.
 
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