The ZAR Exchange Rate Thread

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Back to 16,45.. struggle and possible fall below next week.
Eased lockdown though might take us to 16,10. Repo decision also might throw spanners into the works
 
Hmmm, I moved out on Monday at 1640. Wonder if I should.move a second tranche tomorrow.
 
agentrfr said:
It's respecting the bear trendline. If we stick to it then 16.20 by the weekend, but can go down to 16.14 which is the next support for this week's pivot

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I reckon we might be under R16 by end of year if the usual sales happen and we don’t suffer a 2ndary outbreak and the mini budget includes plans to sell off instead of bailouts.

Not many economies out there incl US have a V shaped recovery and SA already looking like it with share prices vs value being cheap. The SOE thing needs sorting.. if it was even excl Eskom, we’d see a steep improvement.

It’s not that we great though, just situation abroad is tentative and debt driven/supported with multi outbreaks and political uncertainty.
 
GBP gonna take a hit as corona takes over and they go into a harsh lockdown.. let alone their EU deal/Brexit.

Let’s hope tourism sector, DoH, DoHA etc have their ducks in a row with tourists as if a surge happens I reckon a 2nd lockdown will kill the economy here.

And then you have to ask yourself at that point wether it was worth it.. well let’s hope it doesn’t transpire feb-mar next year. Will be interesting listening to the pro tourist folk in industry when it goes pear shaped.

My guess they will blame locals.. which is an insult on intelligence and exponential growth but let’s see.. summer is coming, covid on the decline and people are slowing losing interest in all the protection despite global examples of what transpires.
 
Rand is tanking again this morning. Looks like it's set to lose all gains from last week. Hopefully it's just pull back from profit-taking and will continue rallying again, but this isn't a minor pull back so could result in heading back towards R17 again.
 
Praemon said:
Rand is tanking again this morning. Looks like it's set to lose all gains from last week. Hopefully it's just pull back from profit-taking and will continue rallying again, but this isn't a minor pull back so could result in heading back towards R17 again.
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Should be a pullback to 16.80 max and fall back down.
Nothing really should prevent us hitting R15 by end of the month.

I would be cautious though, Trump winning will push us back to R17 odd so horde dollars if you need too
 
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