The ZAR Exchange Rate Thread

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seems a bit sexist sucking that finger at me,

dont worry, when we are equal nicaragua style , enginers and drunks earning ronts at 4 cents ona dollar, we shall converse again, currently at o._oh_6 cents to that trumpeter.
 
Well, at least there is an upside to a weak Rand. Those getting married now at least knows women are marrying for love again...
 
Long way to go (sitting at 19.5 currently) before it reaches last months sub 16.5 to £ levels...
but at least there's some temporarily relief for now
 
genetic said:
+1

Jeez! R14,66 already... only a matter of time before the ANC pulls its next move.
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We give ANC too much credit at times.

https://www.businesslive.co.za/bd/m...-the-dollar-after-turkey-finally-hikes-rates/

"The rand was firmer against major global currencies on Thursday afternoon, benefiting positively from gains in the Turkish lira, after that country’s raised interest rates by 625 basis points to 24%.

The rand earlier found some support from risk-on sentiment globally, after the US indicated it wanted fresh talks with China over their trade disputes."
 
surface said:
We give ANC too much credit at times.

https://www.businesslive.co.za/bd/m...-the-dollar-after-turkey-finally-hikes-rates/

"The rand was firmer against major global currencies on Thursday afternoon, benefiting positively from gains in the Turkish lira, after that country’s raised interest rates by 625 basis points to 24%.

The rand earlier found some support from risk-on sentiment globally, after the US indicated it wanted fresh talks with China over their trade disputes."
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If SA doesn't want to raise rates someone else has to.
 
Garson007 said:
Someone will have to open their mouth. Far too much positive movement today.
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We blamed turkey when it went up so we can blame them now again for the rand recovering. They hiked their interest rates by quite a bit.
 
Swa said:
If SA doesn't want to raise rates someone else has to.
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We don't have the inflation, we are already in a recession. Making money more expensive now doesn't seem rational.
 
Rand seems to have gained a fair bit. Below R14.70 again. Temporary or or settling around here is the question.
 
SaiyanZ said:
Rand seems to have gained a fair bit. Below R14.70 again. Temporary or or settling around here is the question.
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Rand firms on consumer inflation surprise.

The rand firmed on Wednesday after Stats SA announced that annual consumer inflation for August was marginally lower than analysts had expected.
The CPI rate (for all urban areas) was 4.9% compared with July's 5.1% print. The consensus was for CPI to accelerate to 5.2%.
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https://www.fin24.com/Economy/consumer-inflation-for-august-marginally-lower-than-expected-20180919
 
genetic said:
Rand firms on consumer inflation surprise.
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Does anyone believe inflation has dropped in the slightest? Anyone magically find it easier to buy groceries and pay bills these days?

StatsSA busy jumping the shark imo, usually they tend to keep their lies somewhat believable ... seems no more
 
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