The ZAR Exchange Rate Thread

[Gtx Gaming]

What's the most efficient way to convert ZAR into FX?

Buy bitcoin

 

[R.V]

Something seems to have temporarily spooked the ZAR this morning but I reckon it'll return to <13.5 soon enough

View attachment 529897

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

Already at R13.83. We should see R14 today and hopefully R14.50-R15 by Friday.

 

[HavocXphere]

Buy bitcoin

Aren't Luno prices like 5%+ out from intl ones?

Already at R13.83. We should see R14 today and hopefully R14.50-R15 by Friday.

Don't think it'll hit 14 this month

 

[Gtx Gaming]

Aren't Luno prices like 5%+ out from intl ones?

Yep hence I cashed out some mining earnings now, when the rand spike the luno price also spikes nicely

 

[Cage Rattler]

Us - china shenanigans playing havoc with zar .. not many internal effects

 

[HavocXphere]

Yep hence I cashed out some mining earnings now, when the rand spike the luno price also spikes nicely

Sounds like Luno has a clever little arbitrage scheme going there...

 

[Arthur]

Aren't Luno prices like 5%+ out from intl ones?


Don't think it'll hit 14 this month

Well, it already takes R14.1156 to buy one US dollar from a commercial bank, excluding commissions. Check FNB's Sell Rate here.

 

[Garson007]

This last month has put in a really bad trend. Hope it doesn't head to over 15 by August.

It cannot be that bad

Did I say August? I apparently meant July.

 

[HavocXphere]

Something seems to have temporarily spooked the ZAR this morning but I reckon it'll return to <13.5 soon enough

Not quite there yet but getting there.

Anyway...used the opportunity to move money to ZA

 

[marvymarv007]

Do we have a lot of pro traders here?Looking at learning trading...specifically trading the highly volatile ZAR

 

[genetic]

The rand threatened to break through R14 to the dollar on Thursday as the US dollar continued to draw strength from struggling world economies.

By 10:15 the local unit was trading 0.13% weaker at R13.87 against the US unit after hitting R13.9975/$ earlier on Thursday.

"Emerging markets across the board are very weak and the dollar just continues to surge. For now the trend remains your friend," commented TreasuryONE lead dealer Wichard Cilliers.

https://www.fin24.com/Markets/Curre...hrough-r14-amid-emerging-market-rout-20180628

 

[JayM]

Ouch...13.85/USD right now.

 

[wizardofid]

Ouch...13.85/USD right now.

Hoping to get some dollars today to exchange, so burn, baby burn !!!

 

[cerebus]

Hoping to get some dollars today to exchange, so burn, baby burn !!!

You asked for it

1 United States Dollar equals
13,93 South African Rand

 

[wizardofid]

You asked for it

1 United States Dollar equals
13,93 South African Rand

I put in a payment request yesterday so will see what happens, but normally takes a few days Hopefully the run holds till Tuesday next week at least, as I never quite hit the exchange rate at a good rate.Closest I got was 15.XX odd some thing and missed the R18 run with a few minutes

 

[poffle]

Die rand ogogogogog! also need to convert some dorrah

 

[Vox Populi Vox Dei]

Ramaphoria - all just a lot of hot air!

 

[Sideshow Bob]

Some nostalgia from 2008

R8.07
A disaster!

So a bottle Nederburg Edelrood is going to cost me R100 at Spar now? Was about R40 in December 2006, R70 odd in November last year

Costs about 95 now. So, 25 rand increase from 2008 to 2018. How do you feel about it?
https://www.makro.co.za/liquor/nederburg-/br-edelrood-/br-1-x-750ml--144911EAZ

 

[Solitude]

Die rand ogogogogog! also need to convert some dorrah

I've got the same problem. Should have ordered earlier in the week.

 

[JayM]

I put in a payment request yesterday so will see what happens, but normally takes a few days Hopefully the run holds till Tuesday next week at least, as I never quite hit the exchange rate at a good rate.Closest I got was 15.XX odd some thing and missed the R18 run with a few minutes

Highest ever to USD was R16.9x.