The ZAR Exchange Rate Thread

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WoW! I just Googled this as somebody told me to go and check it out..

The Namibian dollar is pegged to the rand 1:1 and the ZAR is used as a bona fida currency here,

But I think your currency is so fecked, we cannot keep track anymore...

NadRand.jpg
 
Mortymoose said:
WoW! I just Googled this as somebody told me to go and check it out..

The Namibian dollar is pegged to the rand 1:1 and the ZAR is used as a bona fida currency here,

But I think your currency is so fecked, we cannot keep track anymore...

View attachment 797771
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Market volatility. Should have seen it earlier. It's settling now so it will be fine.
 
Gtx Gaming said:
Everything just looking bad.

I got money in nasdaq and S&P 500, through ti would be safe.

Time for FED to drop the rates again and print like nothing before!
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I also have money there, the only thing to do is smile and wave. Do not panic sell. Short-term volatility for long-term gain!
 
saffakanera said:
Love the US approach of "We are rich because we say so." worked well so far. Rand is going to finally wipe out, though. R20+ by xmas. I'm sure the people in parliament will be shocked.
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Yes and no.. reality is they, US Fed, almost have no tools in the tool chest. If the corona virus results in indirect or direct recession they kinda have only negative interest to go to.. keep in mind that at $35 their oil production is taking a hit and I reckon Russia knows it.

Guess we will hear how Trump plans to save himself, I mean, American economy as we get closer to elections. I reckon more of the same which means another term will lesser tools and greater default risk. Wonder if we will see a US credit down grade in the next term.. seems likely to me.

You know it’s bad when our own reserve bank governor starts talking about reducing interest rates going forward (when being very hesitant since like forever) and remaining very attractive ie writing on the wall.
 
saffakanera said:
Love the US approach of "We are rich because we say so." worked well so far. Rand is going to finally wipe out, though. R20+ by xmas. I'm sure the people in parliament will be shocked.
Click to expand...

Hmmm, I recall that being said in this thread last year as well...
 
Gtx Gaming said:
Everything just looking bad.

I got money in nasdaq and S&P 500, through ti would be safe.

Time for FED to drop the rates again and print like nothing before!
Click to expand...
they've never stopped printing since 2008, why do you think US markets showed the kind of growth that got you hooked in the first place?

... that's right ... its all based on BS ... enjoy the decline ;)
 
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