The ZAR Exchange Rate Thread

Status
Not open for further replies.
cr@zydude said:
How are 'first world' currencies link to the USD?
Click to expand...
the currency of trade and settlement for all of them is ... wait for it ... USD, oh and of course they all need oil which must be paid for in? ... you get one guess

the same goes for emerging markets, but they tend to spend those USD's so fast they don't particularly care about parity between their own currencies and the USD, if you happen to have substantial wealth / equity / property investments state side ... as first world markets tend to have ... well then you better hope for parity between your currency and the greenback
 
NarrowBandFtw said:
in what universe is Australia, New Zealand, Poland or Sweden emerging markets?!?

the Rand hasn't gained a damned thing against those first world, linked to USD, currencies, they are suffering from dollar weakness
Click to expand...
Do you have the internet?
AUD to Rand 1 month ago was R11.18 now it's R10.44 a drop of 6.5%
Dollar to Rand a month ago was R14.41 now it's R13.65 a drop of 5.3%
NZD R10.37 to R9.73 6.25%
So yeah its not just against the dollar that's its recovered against.
 
Lupus said:
Do you have the internet?
AUD to Rand 1 month ago was R11.18 now it's R10.44 a drop of 6.5%
Dollar to Rand a month ago was R14.41 now it's R13.65 a drop of 5.3%
NZD R10.37 to R9.73 6.25%
So yeah its not just against the dollar that's its recovered against.
Click to expand...
can you read?

I'm saying comparing the rand to ANY developed country is a waste of time, because developed countries are in virtual lockstep with the USD

but sure go ahead and quote me some more irrelevant AUD / NZD rates

/facepalm
 
NarrowBandFtw said:
can you read?

I'm saying comparing the rand to ANY developed country is a waste of time, because developed countries are in virtual lockstep with the USD

but sure go ahead and quote me some more irrelevant AUD / NZD rates

/facepalm
Click to expand...

When you say "in lock step" what do you mean exactly?

I did point out the rand gained against the Mexican peso and Polish zltoy, which are emerging market currencies.
 
cr@zydude said:
When you say "in lock step" what do you mean exactly?

I did point out the rand gained against the Mexican peso and Polish zltoy, which are emerging market currencies.
Click to expand...
The 6% gain in the rupee as well, which sure is basically nothing. Gains against most other currencies world wide sure it might only be 5 to 6% but that's quite a bit.
 
cr@zydude said:
I did point out the rand gained against the Mexican peso and Polish zltoy, which are emerging market currencies.
Click to expand...
Mexico's GDP per capita is around 20k USD while Poland's is around 35k USD, both significantly above the 15k USD threshold considered "developed" (as opposed to "developing")

South Africa's GDP per capita is under that threshold at 13k USD

i.e. ZA is a developing market, Mexico and Poland is developed
 
NarrowBandFtw said:
Mexico's GDP per capita is around 20k USD while Poland's is around 35k USD, both significantly above the 15k USD threshold considered "developed" (as opposed to "developing")

South Africa's GDP per capita is under that threshold at 13k USD

i.e. ZA is a developing market, Mexico and Poland is developed
Click to expand...

You use a different definition than the IMF which has Mexico and Poland as emerging markets.
 
cr@zydude said:
You use a different definition than the IMF which has Mexico and Poland as emerging markets.
Click to expand...
the IMF is but one lens, the World Bank, the UN, the CIA etc have different lenses:
en.wikipedia.org

Developed country - Wikipedia

en.wikipedia.org en.wikipedia.org

any country even listed on that page is in a league above South Africa which isn't on there at all

Poland is a developed country by UN, World Bank, GDP per capita and OECD definitions, literally only the IMF definition does not fit

fwiw it is the CIA world fact book that draws the distinction at 15k USD GDP per capita and above being "developed"
 
Quicks said:
Maybe a good time to buy some dollars, just incase SA (ZAR) goes to the crapper again?
Click to expand...
This is the problem in 3rd world SA under the ZANU ANC regime. Eskom debt and loadshedding gets worse, EWC is forced through with an ANC / EFF alliance, China decides they have enough copper and iron ore for now; ZAR goes down the crapper. Government upholds property rights, reduces tariffs, splits up, maybe even privatises parts of, Eskom, lets SAA etc go bankrupt, encourages export products (mining & agriculture) with speed and without a race card and threat of EWC & BEE and ZAR could strengthen.

Which way will the frog boiler jump?
 
Oldfut said:
This is the problem in 3rd world SA under the ZANU ANC regime. Eskom debt and loadshedding gets worse, EWC is forced through with an ANC / EFF alliance, China decides they have enough copper and iron ore for now; ZAR goes down the crapper. Government upholds property rights, reduces tariffs, splits up, maybe even privatises parts of, Eskom, lets SAA etc go bankrupt, encourages export products (mining & agriculture) with speed and without a race card and threat of EWC & BEE and ZAR could strengthen.

Which way will the frog boiler jump?
Click to expand...
Froggie boiler will double down on the 26 years shitty ANC option....
 
Oldfut said:
This is the problem in 3rd world SA under the ZANU ANC regime. Eskom debt and loadshedding gets worse, EWC is forced through with an ANC / EFF alliance, China decides they have enough copper and iron ore for now; ZAR goes down the crapper. Government upholds property rights, reduces tariffs, splits up, maybe even privatises parts of, Eskom, lets SAA etc go bankrupt, encourages export products (mining & agriculture) with speed and without a race card and threat of EWC & BEE and ZAR could strengthen.

Which way will the frog boiler jump?
Click to expand...
Will never be an "either" "or" type scenario here. EWC is complicated and even within ANC is a bone of contention. Eskom and SAA will have some sort of convoluted hybrid public private system but will never be fully private. BEE will always be around and won't be going away.

I think we will continue to chug along and ZAR will be (hopefully) stable for the next year at least. Only major changes will come from whatever happens in US.
 
Groggyme said:
Will never be an "either" "or" type scenario here. EWC is complicated and even within ANC is a bone of contention. Eskom and SAA will have some sort of convoluted hybrid public private system but will never be fully private. BEE will always be around and won't be going away.

I think we will continue to chug along and ZAR will be (hopefully) stable for the next year at least. Only major changes will come from whatever happens in US.
Click to expand...

The ANC's hold on power isn't guaranteed and less so if they do not address surging unemployment and the stagnating/shrinking economy. The state of the country right now plays in to the hands of the EFF and it won't be long before we have their brand of EWC.

The less support the ANC gets, the more they will co-opt EFF policies in order to stay in power.
 
Scooby_Doo said:
I would be very impressed, but not going to hold my breath or bet on it.
Click to expand...

the issue that nobody is thinking about at the moment is what will happen when the FED decided to increase the repo rate by 100 basis points tomorrow from a level near zero

if you don't have an answer to that question, then you are blindly watching the events of global markets
 
Status
Not open for further replies.
Back
Top
Sign up to the MyBroadband newsletter
X