The ZAR Exchange Rate Thread

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Arzy said:
SA’s junk downgrade was supposed to trigger a R250bn sell-off – here’s what really happened https://www.businessinsider.co.za/sa-outflows-after-junk-rating-wildly-overestimated-2020-5

So the sell off was little more than a damp squib after being taken back to junk status. As expected.
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Many government bonds – including the US – now offer negative yields. This means that investors are paying these countries for the privilege of lending them money. In comparison, South African bonds, which are still offering a fat rate of above 9%.
[...]
Standard & Poor’s expects that government debt could hit 75% of GDP by the end of the year, and reach 84.7% by 2023. A decade ago, South Africa’s debt was at 33% of GDP.
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This is an important part of that twitter post they're referencing:
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So those bonds are probably a lot more volatile than they were.
 
Wonder what will happen tomorow after the interest rate decision. Looks like we might dropping the rate by 0.5%
 
I want to begin my Dollar buying journey but wish I knew where the bottom is. Almost bought this morning...
 
FlashSA said:
I want to begin my Dollar buying journey but wish I knew where the bottom is. Almost bought this morning...
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Spread your risk then. It may not be worth it depending on how much money you're moving and transaction costs, but splitting a R1m conversion into 10 transactions of R100k over a period of time, averages out big currency fluctuations.
 
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