The ZAR Exchange Rate Thread

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3WA said:
R13.86

Shout-out to the guys who moved all their discretionary money out when they got excited at R14. You're not alone.
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Haha yeah like me. It’s the long term view for when we emigrate, and discretionary is correct so I harm.

Personally though, it’s unlikely we will remain below 14 and I still believe 15 is the norm.

It’s good for all the amazon orders though
 
johnjm said:
Haha yeah like me. It’s the long term view for when we emigrate, and discretionary is correct so I harm.

Personally though, it’s unlikely we will remain below 14 and I still believe 15 is the norm.

It’s good for all the amazon orders though
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Yup, I also moved a big chunk at R14, and don’t regret it. When I go back for that money in 5+ years, I'd be very pleasantly surprised if we're still at R14.
 
krycor said:
Counterpoint: The rand could overshoot and strengthen to 11 to the US dollar

I have my doubts that we will strengthen to 11.. I’d go for it landing at R12.50/$ baring some major FED action. There is some talks about the commodity cycle being short lived and the inflation abroad easing with no consequence for the massive monetary policy like they did last decade.. but I doubt it.
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I don’t see it going lower than 13. But if it does I have a shopping list at Amazon waiting.
 
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Man I hate banks, still that R0.35 margin per dollar and R0.53 per Euro no matter how much the price drifts, yet most of them state they don't charge for currency conversion. If they're offering 3.13% worse value in conversion, that's a flat fee, it was 2.5% a bit ago.
It's actually nearing the point where even R22k is cheaper via e.g. Revolut than via bank's conversion, before this rally it was around R34k (taking flat rand fee on foreign SWIFT transaction, where you're charged SWIFT and then another based on bracket payment falls into, all banks do this).
 
cr@zydude said:
Look up the rand against the IMF's special drawing rights basket. XDRZAR was 19.85 on Thursday, the strongest for the rand since Jan 2020. It isn't just dollar weakness.
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Every developed nation starting printing money like there's no tomorrow. America is leading the pack with something like 70% of all the currency in circulation been printed in the last 12 months.
 
Brenden_E said:
Every developed nation starting printing money like there's no tomorrow. America is leading the pack with something like 70% of all the currency in circulation been printed in the last 12 months.
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Wtf seriously 70%?
Edit. 20-35% which at that scale is still ginormous.

Well that would explain why I've been seeing analysts all over very worried about inflation and that it's not if but when and its going to be bad.

I'm assuming that inflation shockwave will be reverberating around the globe, how will it affect us?
 
airborne said:
Wtf seriously 70%?
Edit. 20-35% which at that scale is still ginormous.

Well that would explain why I've been seeing analysts all over very worried about inflation and that it's not if but when and its going to be bad.

I'm assuming that inflation shockwave will be reverberating around the globe, how will it affect us?
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If the US was not the world's reserve currency, it would have seen enormous inflation already. The scary thing is, the Biden admin wants to print even more liberally!

I'd wager there's going to be more inflation and the US dollar will continue to weaken.
 
Brenden_E said:
If the US was not the world's reserve currency, it would have seen enormous inflation already. The scary thing is, the Biden admin wants to print even more liberally!

I'd wager there's going to be more inflation and the US dollar will continue to weaken.
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MMT followers will have you believe it’s all good, you can have it all. Reality on the ground though is different..
 
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