The ZAR Exchange Rate Thread

[supersunbird]

Ouch

 

[Seriously]

Just gotta find a commodity that we can export.........

I was thinking of bottlng stupidity.....

Zuma's grey matter should do.

 

[theratman]

ISIS?

Untapped market right there!

 

[theratman]

The banks got raped properly today:
Firstrand -14.8%
B-Africa -14.5%
Stanbank -13.5%
Capitec -10.8%
Nedbank -10.5%

So tempted to snap a few up but worried there's worse to come

 

[Space_Chief]

15.48 to the Dollar.

 

[proxilin]

Wow it's still falling. Wonder what we'll wake up to

 

[Sinbad]

"the first black African Finance Minister in SA history... fired after 18 months by an ANC gov't for doing his job well" -- Steven Friedman
8:35pm - 10 Dec 15

 

[Gtx Gaming]

Wow it's still falling. Wonder what we'll wake up to

SARB will have to increase the interest rate next week I guess. Probably by 0.5 if not 0.75.

 

[Sinbad]

SARB will have to increase the interest rate next week I guess. Probably by 0.5 if not 0.75.

They do not have a mandate to protect the rand.

 

[JayM]

They do not have a mandate to protect the rand.

This is going to lead to double-digit inflation. That they do have to protect against.

 

[Sinbad]

This is going to lead to double-digit inflation. That they do have to protect against.

True, but raising rates will not prevent imported inflation. It will just kill the economy dead.

 

[JayM]

SARB will have to increase the interest rate next week I guess. Probably by 0.5 if not 0.75.

Anything less then 3%-4% increase won't have much of an effect. We're *****ed.

 

[biometrics]

R15.46/US

Seems to be in freefall.

http://www.xe.com/currencycharts/?from=USD&to=ZAR&view=12h

 

[JayM]

True, but raising rates will not prevent imported inflation. It will just kill the economy dead.

The economy is already dead - it's about damage control now.

 

[Jola]

The economy is already dead - it's about damage control now.

That ^

 

[Space_Chief]

That ^

The mortician has to apply make up the corpse. Apparently dead people look alive these days.

 

[Garson007]

OMG, just touched 16.

 

[Seriously]

Where is Jstrike when you need him. We are approaching his ideal exchange rate of R20.00/$. I would have thought he would be here celebrating with all of us!

 

[Dolby]

What if, like Zim, we go start using the US$?

 

[Ho3n3r]

We should celebrate. The Rand has only fallen 2.4% so far today.