*SynergyX*
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zoooms is out of the country...wait till he is back:crylaugh:
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The ZAR Exchange Rate Thread
- Thread starter Robin Hood
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zoooms is out of the country...wait till he is back:crylaugh:
Exactly.
Sinbad
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no, we're not. We had one quarter of contraction. Latest quarter was a surprisingly large growth quarter - http://www.fin24.com/Economy/gdp-up-33-in-second-quarter-20160906
Q1&Q2 weren't both contractions?
divv
Senior Member
Sorry if this isn't the best thread to ask this but where is the cheapest place to get a few hundred USD cash? Bank? Rennies? Airport? Like who pads the rate the least and doesn't overcharge on commission? Thanks
Ho3n3r
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biometrics
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Can you buy USD cash without a ticket though?
divv
Senior Member
I have a ticket etc...
Sebulba
Well-Known Member
I have noticed a few times when going over the ocean that the bank was by far the cheapest. Once tried exchanging in New York, biggest mistake yet.
naeem
Expert Member
never exchange ZAR outside SA!
In india i saw a rate board - they gave 2.5 rupees to a rand (when the official rate was 4.6inr to a rand!)
Try http://www.albaraka.co.za/Productsa...nd_InternationalBanking/Foreign_Exchange.aspx
Zero commission, fairly competitive rates. I last used their branch in Rosebank mall
divv
Senior Member
Thanks all!
Hamish McPanji
Honorary Master
Not really. There is hardly any demand for Rands there, so they have to hold them for longer, and so will adjust pricing for that. Am sure the US$ rate is more reasonable
Ahhh good point I have not thought about that.
BBSA
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USD/ZAR continues to fall: trade at 14.20
The ZAR is undervalued: if it wasn't for the politics, USD/ZAR would be trading under 13.00, even approaching 12.00.
The ZAR is undervalued: if it wasn't for the politics, USD/ZAR would be trading under 13.00, even approaching 12.00.
absynth
Expert Member
That is why you use your card at an ATM in India and draw cash according to proper exchange rate.
Yes you pay a handling fee on transaction,but we have been doing that way for many years and never had issues.
If it wasn't for the politics it would be trading at under R7.
Gtx Gaming
Gtx Gaming
ZAR getting stronger as BOJ looking to drop interest rates even more and FED bank looking to keep the interest rate at 0.5%
Pho3nix
The Legend
Yep! Going to be an interesting night
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