The ZAR Exchange Rate Thread

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Hamish McPanji said:
Your Amerxican is getting more and more complicated.

I suggest you hedge your funds. Keep money on both sides. You can earn 7%+ in a savings account in SA without doing anything. So you don't lose too much whatever happens
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Sorry, kid is playing jungle jim on me.

We are looking at doing that now, I send a little more which goes into a savings
 
ZAR just broke through the 12.20 level, with a low of 12.16

Lets hope the SA delegation are in top convincing form in Davos and will it get stronger
 
Within a hair of R11 for the first time since June 2015.
12.01 area and maybe 12.09 area as a minor support will give it some trouble but trend is downwards.

Where are all the $1/R20 by 2020 peeps now?
 
Pho3nix said:
Within a hair of R11 for the first time since June 2015.
12.01 area and maybe 12.09 area as a minor support will give it some trouble but trend is downwards.

Where are all the $1/R20 by 2020 peeps now?
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With the Zimbabwe 2.0, probably in bed by this time.
 
Chris Hart is on record stating the ZAR would be R20 by end 2017. He's eating his hat now. My assumption is that it will reach 11.77 and will struggle to go lower. Only a Zuma exit will push it lower.
 
marco said:
Chris Hart is on record stating the ZAR would be R20 by end 2017. He's eating his hat now. My assumption is that it will reach 11.77 and will struggle to go lower. Only a Zuma exit will push it lower.
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Quite a few forumites shared the sentiment. I think it's close to it's max though
 
marco said:
Chris Hart is on record stating the ZAR would be R20 by end 2017. He's eating his hat now. My assumption is that it will reach 11.77 and will struggle to go lower. Only a Zuma exit will push it lower.
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I'm on the fence, USD is struggling to gain strength and us leaving interest rates would normally give it some power. It just dropped further.
See 11.50 as our new "base", couple economists been saying that's around our true value right?
 
Look at the ZAR vs GBP and EURm bigger gains there. Still R12.11 to the USD, but only R16.68 to GBP
 
Pho3nix said:
I'm on the fence, USD is struggling to gain strength and us leaving interest rates would normally give it some power. It just dropped further.
See 11.50 as our new "base", couple economists been saying that's around our true value right?
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The USD is down against most of the world's currencies.
 
If the rate sticks close to the R12/$ mark I wonder if we'll ever see price drops for imported products. For most things I follow (tools/electronics) prices are still the same as they were at the R16/$ mark :p Already started importing myself as it's significantly cheaper.
 
Problem is.. it’s all speculation till SONA & Budget speech. I reckon the closer we get to it with Zuma the more drastic and sudden it will fall.

Additionally all the good sentiment can’t undo bad budget, corrupt folk get away scot free and Eskom going bankrupt with a downgrade <— all of which is likely coming up.

Rand will weaken tomorrow evening and Monday when Zuma emerges untouched.
 
Yeah SONA early Feb and budget speech mid Feb are going to hurt like hell if Cyril can't get rid of Zuma and the Gupta's.
 
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