The ZAR Exchange Rate Thread

[Hamish McPanji]

12.97

Morals of the story:

1. You snooze, you lose
2. Don't be greedy
3. Whilst related, the government is not South Africa
4. Cut through the hype, and look at economic indicators....Not what journalists have to say

 

[MrGray]

Morals of the story:

1. You snooze, you lose
2. Don't be greedy
3. Whilst related, the government is not South Africa
4. Cut through the hype, and look at economic indicators....Not what journalists have to say

Hmmm.. I'd say the market is being exceptionally irrational or has some kind of insight about our future.

Or maybe it's just a matter of "emerging" markets looking particularly attractive at the moment and we would actually be at R10.00 without the latest debacle.

Are the SA economic indicators really that rosy?

 

[Garson007]

When it comes to purchasing power, our currency is critically undervalued.

 

[reactor_sa]

I still feel like government is artificially controlling the rate.

 

[Pho3nix]

Celebrate after Wednesday.
Trump releasing some tax changes. Might throw things in a loop

 

[Whatzmyname]

I wanted to return to SA but with the ZAR getting stronger every second my chances of returning is getting smaller. Saving is becoming less with the Rand strengthening. Good for the country though.... Hope it will go back to 3.6 or higher again before end of year otherwise its back to the drawing board for me.

 

[Madhawk]

Stronger rand, yet prices go up. Typical...

 

[d0b33]

I still feel like government is artificially controlling the rate.

The conspiracy theorist in me thinks they're making a group of individuals who are sending then receiving foreign currency very rich.

 

[Lupus]

Stronger rand, yet prices go up. Typical...

Always with the same excuse, with the rand being so low blah blah

 

[Whatzmyname]

Stronger rand, yet prices go up. Typical...

Well if it is an artificial hike in rate that is manipulated by the government then the Rand is technically not stronger. Its temporary to save face.

 

[Garson007]

Well if it is an artificial hike in rate that is manipulated by the government then the Rand is technically not stronger. Its temporary to save face.

If the rand is being manipulated, it is being manipulated weaker and has been for at least five years.

 

[Swa]

Hmmm.. I'd say the market is being exceptionally irrational or has some kind of insight about our future.

Or maybe it's just a matter of "emerging" markets looking particularly attractive at the moment and we would actually be at R10.00 without the latest debacle.

Are the SA economic indicators really that rosy?

Or the market is actually being rational in the face of all the irrationality we've had from the doom prophets. It should be trading at R10 with the latest debacle and R6.50 without it.

 

[cerebus]

Back up to R13.3. The Rand exchange rate is deranged.

 

[Agent_Smith]

R13.66/$. Heading south rapidly

 

[Pho3nix]

R13.66/$. Heading south rapidly

Will either consolidate around the 13.68/69 area and then fall to 13.40 or so. Or pop to R14.
$ is strong

At least oil went down a little

 

[BBSA]

 

[biometrics]

Will either consolidate around the 13.68/69 area and then fall to 13.40 or so. Or pop to R14.
$ is strong

The Thor is strong in this one.

 

[Pho3nix]

The Thor is strong in this one.

Let's see at the end of next week what would have happened

 

[d0b33]

Or the market is actually being rational in the face of all the irrationality we've had from the doom prophets. It should be trading at R10 with the latest debacle and R6.50 without it.

That ship sailed a long time ago.

 

[Swa]

That ship sailed a long time ago.

http://www.xe.com/currencycharts/?from=USD&to=ZAR&view=10Y