The ZAR Exchange Rate Thread

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Slightly off topic.... Does anyone have an Android app where I can see Rand / Dollar in real time?
 
Johnatan56 said:
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Just general market movement, rand is getting a little stronger, mostly due to export (e.g. South Africa coal exports will increase as take up Russia slack, and South Africa exports metals). Still quite volatile, probably would have gotten stronger if no load shedding.

The EUR though is interesting:
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Inflation caught up quite a bit there, gas prices, the war, etc.
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Good as transferring the last of my rand over this month.
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Where do you see this going? Does anyone here have any insight as to if this will turn and the Euro will return to the 18+ levels?
 
The Darkness said:
Where do you see this going? Does anyone here have any insight as to if this will turn and the Euro will return to the 18+ levels?
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Are you asking rand or Euro insight? I think rand will probably stay stable as is, industries around the world gearing up and stuff, all depends on political stuff not sabotaging and what's happening with power generation. If renewable is approved, think it would strengthen the rand a bit more, most of Rands weakness is just government dragging it down.

Euro side, all depends on the war, whether recession will happen or not, so think summer is going to be a bit of an unknown, and then coming winter is the actual question.

By mid 2023 I would expect most of Europe to start strengthening quite a bit once renewable bids, energy grid build out etc all starts coming online, since right now a lot of the weakness is from oil/gas import.

That's all longer term. In short term, if no peace in the next while, rand will probably stay as is, euro will maybe weaken slightly more; if peace I'd expect rand to strengthen a little bit more as more global economic activity and euro to strengthen quite a bit as it should reduce recession impact / shorten it.
 
Johnatan56 said:
Are you asking rand or Euro insight? I think rand will probably stay stable as is, industries around the world gearing up and stuff, all depends on political stuff not sabotaging and what's happening with power generation. If renewable is approved, think it would strengthen the rand a bit more, most of Rands weakness is just government dragging it down.

Euro side, all depends on the war, whether recession will happen or not, so think summer is going to be a bit of an unknown, and then coming winter is the actual question.

By mid 2023 I would expect most of Europe to start strengthening quite a bit once renewable bids, energy grid build out etc all starts coming online, since right now a lot of the weakness is from oil/gas import.

That's all longer term. In short term, if no peace in the next while, rand will probably stay as is, euro will maybe weaken slightly more; if peace I'd expect rand to strengthen a little bit more as more global economic activity and euro to strengthen quite a bit as it should reduce recession impact / shorten it.
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Thanks. My concern is in euro investments. Should one leave cash in euro accounts vs taking the knock and bringing it back into SA vs leaving it there and waiting for the currency to strengthen. Tough choice
 
JayM said:
Probably in the next few days. This is mostly USD strength, not ZAR weakness we're seeing. Many currencies are weaker against USD (USD/EUR is now almost at parity).
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Doesn't look like it to me, pound is sitting at 20, the Euro is a rand more, the AUD. So how is this just dollar?? Sure it's almost a R1.40 more but we did see massive drops after load shedding and the floods
 
Lupus said:
Doesn't look like it to me, pound is sitting at 20, the Euro is a rand more, the AUD. So how is this just dollar?? Sure it's almost a R1.40 more but we did see massive drops after load shedding and the floods
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Over the past month, ZAR has lost ~10% to USD but only 4.7% to GBP and EUR. I said the current rate is mostly USD strength, not just USD.
 
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