The ZAR Exchange Rate Thread

[Thor]

 

[Whatzmyname]

Guess I have to scrap plans on returning to SA next year. With the rand getting stronger my savings are becoming less. I was hoping it would hold out until then but no chance now it seems

 

[Gtx Gaming]

17.0773

So close to the R16 mark to the pound.

13.2651 USD/ZAR

 

[sox63]

17.0773

So close to the R16 mark to the pound.

13.2651 USD/ZAR

I saw to in comparison to the USD it's never been this weak for a long time. Couple of decades at least. Not good for UK based companies with majority of profits outside the UK

 

[BBSA]

I saw to in comparison to the USD it's never been this weak for a long time. Couple of decades at least. Not good for UK based companies with majority of profits outside the UK

and very good for their exporters.

 

[genetic]

and very good for their exporters.

Don't think the UK exports much any more - not like they did 20-30 years ago.

 

[Garson007]

I saw to in comparison to the USD it's never been this weak for a long time. Couple of decades at least. Not good for UK based companies with majority of profits outside the UK

The fall still isn't nearly as big as experienced during the financial crises.

 

[biometrics]

Don't think the UK exports much any more - not like they did 20-30 years ago.

They export Brits, to our great annoyance in the Cape.

 

[Pho3nix]

Anyone know what happened this morning to DXY pushing all USDxxx up like zar

 

[JayM]

The fall still isn't nearly as big as experienced during the financial crises.

That's because they haven't pushed the A50 button yet and there is still a possibility of "soft Brexit" or even no Brexit at all. It still has a long way to go...

 

[FrankieK]

Anyone know what happened this morning to DXY pushing all USDxxx up like zar

DXY is getting clobbered. JPY below 100. BoJ to intervene?

http://www.investing.com/analysis/dollar-slumps,-but-driver-may-not-be-so-obvious-200148130

 

[PsYTraNc3]

Thank you EFF...

 

[Ho3n3r]

Thank you EFF...

I think it was due to the US inflation data released today.

 

[genetic]

I think it was due to the US inflation data released today.

Some people can't grasp the fact that currency performance are a result of global economics.

 

[Ho3n3r]

Some people can't grasp the fact that currency performance are a result of global economics.

Mostly, although it's pretty clear that the fall of the Rand after Nenegate was hugely influenced by politics.

 

[PsYTraNc3]

I think it was due to the US inflation data released today.

Would that affect the ZAR against other currencies also?
ZAR is weakening faster than what the USD is strengthening and there's been enough proof recently that our currencies strength is more often than not linked to politics these days.

 

[Ockie]

Would that affect the ZAR against other currencies also?
ZAR is weakening faster than what the USD is strengthening and there's been enough proof recently that our currencies strength is more often than not linked to politics these days.

How do you measure whether the $ is gaining strenth or if the Rand is losing? Measure against the Euro?

 

[NarrowBandFtw]

Would that affect the ZAR against other currencies also?

With the USD being the world's reserve currency, yes, dollar movements affect the strength of other currencies depending on their exposure, which can affect their exchange rate with the ZAR as well.

Although today the UK also released CPI data so GBP movements are likely more about that than the dollar today.

 

[saturnz]

How do you measure whether the $ is gaining strenth or if the Rand is losing? Measure against the Euro?

I look at a dollar index, if the rand is moving and the index is not, then its rand strength/weakness and vice versa

 

[Praemon]

"Fed rate hike 'possible' as soon as September, Dudley says: FBN" - http://www.reuters.com/article/us-usa-fed-dudley-idUSKCN10R1BN

The gains will be reversed now, I suspect. So we'll see how strong the Rand really is.