The ZAR Exchange Rate Thread

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Still far away from the 12.90 we were at not so long ago.

Cant we just go back to the gold standard and get some stability. jissis. :mad:

Will be a while until we get back there. Very strong supports on the way down. Namely 13,20 and 13:40.
Trend might continue downwards but we shall need another month or 3 to see :(
 
High chance it bounces off 13:40 around 8 or 9 tonight and heading back to 13.68.

Update: don't think it would go back up. Possible further down to 13.20 and it'll play there.

Please note I'm not an economist or anything. If you are trading forex etc, this isn't advice or anything of that matter. I just speculate for giggles.
 
Popping up to 13.60 zone then 13.70 maybe and will pause at 13.90.
Anyone's guess what happens then.

Blame Brazil :D
 
Still far away from the 12.90 we were at not so long ago.

Cant we just go back to the gold standard and get some stability. jissis. :mad:

no we can't, Nixon's removal of the gold standard was very much intentional, and isn't it strange that its illegal to export gold out of the USA- dooming any possibility of any gold standard ever coming back

just as a reminder, the USA president is about to visit a government that funds terrorism
 
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Anyone else noticing funnies with xe.com rates since last week? I'm getting the rates jumping all over the place whenever I refresh - 12.70 to 13.13 currently.
 
Anyone else noticing funnies with xe.com rates since last week? I'm getting the rates jumping all over the place whenever I refresh - 12.70 to 13.13 currently.

Cause XE is showing the price at the 31st of May

Live mid-market rate 2017-05-31 19:30 local time
 
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