The ZAR Exchange Rate Thread

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alf101 said:
It won't really affect the exchange rate.
+ When he becomes King, he'll be better than Mbeki, given the support he has from the masses.
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I still believe a few reserve banks bought up a lot of today's trade. Probably more opportunistic than anything else though...
 
$ = R 8.89
£ = R 12.88
€ = R 11.56
Oil = $ 48.7
Gold = $ 891.38
Last update:
22 Apr 2009 19:22:02

Rand dipping below 13 to the pound for the 1st time in ages. We get small pensions from the UK, so does any wise soul have any idea if the Rand is going to get any stronger or will it move back around the 14-15 mark again? Will the elections play any part, or is it a foregone conclusion like the Zuma trial?
 
hj2k_x said:
$ = R 8.89
£ = R 12.88
€ = R 11.56
Oil = $ 48.7
Gold = $ 891.38
Last update:
22 Apr 2009 19:22:02

Rand dipping below 13 to the pound for the 1st time in ages. We get small pensions from the UK, so does any wise soul have any idea if the Rand is going to get any stronger or will it move back around the 14-15 mark again? Will the elections play any part, or is it a foregone conclusion like the Zuma trial?
Click to expand...

It'll probably end up weakening over the year, everybody knows the ANC's going to win the election so its not much of an issue either way.
 
Remember the pound was the currency weakening. That played a big part.
 
the greatest rand driver will be whether international markets become less risk averse. that will be driven by signs that the global economy is stabilising/strengthening. so as long as there are no further shocks that dent investor confidence worldwide, i would bet on the rand being stronger.
 
$ = R 8.75
£ = R 12.83
€ = R 11.59
Oil = $ 51
Gold = $ 911.4
Last update:
24 Apr 2009 21:08:01

Still strengthening...:eek:
 
I don't know why you bother putting up the exchange rates.

The Rand will eventually resemble the Mexican Peso in value. Also expect to see the price of gold drop over the next couple of years.

Historically it has not even kept pace with inflation.
 
Obaht said:
I don't know why you bother putting up the exchange rates.

The Rand will eventually resemble the Mexican Peso in value. Also expect to see the price of gold drop over the next couple of years.

Historically it has not even kept pace with inflation.
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For me it is a completely selfish act, as we get pounds, a weaker Rand means more cash for us...
 
$ = R 7.6
£ = R 12.43
€ = R 10.86
Oil = $ 66.27
Gold = $ 993.4
Last Update:
04:27 05 Sep 09

Strengthening again, or the dollar/pound/Euro are weakening.

Anyone know if this is meant to continue?
 
milano said:
Around which mark does SA.gov.finance want the rand/dollar rate to hover?
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Erm, is this a rhetorical question? Do you mean it will hover where they want it to hover? Or are you actually asking? Cos I have no idea :o
 
It's completely logical, the more dollah's you have, the more the rand weakens.
The more rands you have - with the need for more dolla'hs, the more the rand weakens.
Any questions?
Forgetaboutit.
 
davemc said:
It's completely logical, the more dollah's you have, the more the rand weakens.
The more rands you have - with the need for more dolla'hs, the more the rand weakens.
Any questions?
Forgetaboutit.
Click to expand...

Clear as mud :D
 
Obaht said:
The Rand will eventually resemble the Mexican Peso in value. Also expect to see the price of gold drop over the next couple of years.
Click to expand...

Are these prophecies or do you base them some actual economic basis? The investment world disagrees with you - they're pretty bullish on gold at the moment with some touting $1300 by the end of 2009...

Obaht said:
Historically it has not even kept pace with inflation.
Click to expand...

Er, it's a pretty darn good hedge against inflation...
 
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