The ZAR Exchange Rate Thread

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So what's up with the Rand today. I see it went below R12.20. I thought it would retrace a bit or hold today given the big drop from R12.70 to R12.30 yesterday.
 
1 United States Dollar equals
12,96 South African Rand

Going back to Zuma days and with Brent Crude being stubbornly high, expect a further fuel increase next month.

I can't help feeling we are headed for another technical recession after the last quarter's negative 2.2% drop
 
FlashSA said:
1 United States Dollar equals
12,96 South African Rand

Going back to Zuma days and with Brent Crude being stubbornly high, expect a further fuel increase next month.

I can't help feeling we are headed for another technical recession after the last quarter's negative 2.2% drop
Click to expand...

Not to worry, as soon as the land grabs start we'll unlock all those idle resources and boost the hell out of this economy ... :crylaugh:
 
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My trading account is standing strong. Way better than I ever thought it would. Now.... just for R15, R18 then R20 to the Dollar..... After that it will be a free-fall.
 
This last month has put in a really bad trend. Hope it doesn't head to over 15 by August.
 
Sumen said:
USA is fighting with China so it's affecting our currency
Click to expand...

This.

The rand continued to trade at six-month lows on Monday, skidding more than 1.7% to the US dollar as global developments continued to weigh on the local currency.

"The latest round of trade tariff retaliations between the US and China is dragging down emerging markets as investors return to the safety of the USD for now.
Click to expand...

https://www.fin24.com/Markets/Currencies/rand-skids-as-us-china-trade-war-flares-20180618
 
Everyone has become disillusioned with Ramaphoria. Talk of land seizure is surely not helping.
 
Something seems to have temporarily spooked the ZAR this morning but I reckon it'll return to <13.5 soon enough

ZAR.18.jpg

Doesn't seem to have had the same effect on PLN unfortunately
 
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