The ZAR Exchange Rate Thread

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*SynergyX* said:
can i please please please get some of the stuff you are smoking!!! il pick up today!!!:D
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it is agreed by most analysts that the Dollar is overvalued, so although the Rand may not be undervalued, the Dollar will weaken
 
saturnz said:
it is agreed by most analysts that the Dollar is overvalued, so although the Rand may not be undervalued, the Dollar will weaken
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you guys need to look at it from a south african perspective and not from a dollar perspective. if we ignore what the dollar does.. it is very difficult to control the variable which is our GOVERNMENT. they have no interest in stabilizing or strengthening our currency, and apart from a regime change i dont see anything different.

things that are coming/ongoing that are bound to destroy us economically -
1. Etoll Saga
2. Nuclear Deal -- oh where o where will the money come from
3. #feesmustfall - u havent heard the end of this
4. junk status on the way
5....
 
*SynergyX* said:
you guys need to look at it from a south african perspective and not from a dollar perspective. if we ignore what the dollar does.. it is very difficult to control the variable which is our GOVERNMENT. they have no interest in stabilizing or strengthening our currency, and apart from a regime change i dont see anything different.

things that are coming/ongoing that are bound to destroy us economically -
1. Etoll Saga
2. Nuclear Deal -- oh where o where will the money come from
3. #feesmustfall - u havent heard the end of this
4. junk status on the way
5....
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6... Not profit?
 
*SynergyX* said:
you guys need to look at it from a south african perspective and not from a dollar perspective. if we ignore what the dollar does.. it is very difficult to control the variable which is our GOVERNMENT. they have no interest in stabilizing or strengthening our currency, and apart from a regime change i dont see anything different.

things that are coming/ongoing that are bound to destroy us economically -
1. Etoll Saga
2. Nuclear Deal -- oh where o where will the money come from
3. #feesmustfall - u havent heard the end of this
4. junk status on the way
5....
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the rand is more affected by what happens globally than locally
 
DrJohnZoidberg said:
I'm in the same boat except mine is slightly more money, I got a quote for R15.89 earlier. The difference between that and R16 equates to more than R500 difference in the end.
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You do realise that's enough information to calculate approximately how much you have to convert? :whistle:

<---- Already did the maths :p :D
 
Midnight_choir_drunk said:
The rand is incredibly undervalued at the moment. Sentiment can't keep it so artificially weak forever. When it does correct itself it will free fall down to around 9 to the dollar. And everyone will be all surprised except me who has seen it all before.
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Haha and roughly what is the time frame for this?

Ho3n3r said:
It's increased by 23% over the last 9 days. What's your definition of a trend then?
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Oil is incredibly volatile at the moment, any little thing sets if off both ways. It wont be surprising if it loses all its gains within a few days.
 
Ho3n3r said:
Well it kinda does. It's over a week. It's a clear indication of where the price is currently going.
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so what has happened over the past nine months is irrelevant?

a nine month trend is more of a trend than 9 days whichever way you look at it

nobody is cutting oil production, Iran is coming onboard soon.

Oil demand is stagnant as reflected by US stock piles, supply is increasing, have you done basic economics?
 
saturnz said:
so what has happened over the past nine months is irrelevant?

a nine month trend is more of a trend than 9 days whichever way you look at it
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But the current trend is still upwards, even if the long-term trend is downwards. What happened 3, 4 or 5 months ago plays no role in what's currently happening.
 
Ho3n3r said:
But the current trend is still upwards, even if the long-term trend is downwards. What happened 3, 4 or 5 months ago plays no role in what's currently happening.
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so all those ships floating around the ocean is irrelevant to you then, so where do you expect oil to be in a month? $40 or $25?
 
Ockie said:
Guess we wont be breaching the R15 level today :(
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Unless there is a major shift in government policy or global economic conditions we most likely won't see R15 again for some time.
 
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