The ZAR Exchange Rate Thread

[genetic]

The rand weakened past 17 per dollar on Monday as the South African currency’s resilience is tested by fears of a US recession even as local fundamentals remain supportive.

Higher prices and improved grades help Harmony almost double its free cash flow in SA | Business

www.news24.com

 

[BBSA]

 

[Guest 290922]

View attachment 1362587

My timing was off making international payments.

 

[Arzy]

Indeed.

You can't time the market though. I had to pay a bunch of deposits last week as well.

 

[Pho3nix]

We all losing out. Just got paid and lost a chunk

 

[RogueTr00per]

What caused todays huge improvement in the xrate?

 

[Arzy]

Depends on who you ask and then that will be wrong as well.

 

[BBSA]

What caused todays huge improvement in the xrate?

Dollar weakness because of the weaker than expected CPI numbers.

 

[Speedster]

Dollar weakness because of the weaker than expected CPI numbers.

You mean stronger? In inflation terms lower = better = stronger. Headline from Bloomberg:

US inflation runs cooler than forecast, easing pressure on Fed

 

[BBSA]

You mean stronger? In inflation terms lower = better = stronger. Headline from Bloomberg:

No I mean weakness.

Look what happened just after the CPI numbers were released

 

[Scooby_Doo]

That's a stronger dollar. When stuff gets cheaper in dollar terms it means the dollar is stronger. I.e. $1 = €0.5 is stronger than $1 = €1

The US Dollar Index, also known as DXY, is used by traders seeking a measure of the value of USD against a basket of currencies used by US trade partners. The index will rise if the Dollar strengthens against these currencies and will fall if the Dollar weakens against these currencies

 

[BBSA]

That's a stronger dollar. When stuff gets cheaper in dollar terms it means the dollar is stronger. I.e. $1 = €0.5 is stronger than $1 = €1

Okay

 

[Speedster]

Sorry. I'm smoking the good stuff tonight. My brain has gone AWOL

 

[MirageF1]

What happens now, nearly R16 to dollar, will it go sub 16?
And if so, for how long, or will a new round of LS end it's brief run...

 

[antowan]

Spot that

What happens now, nearly R16 to dollar, will it go sub 16?
And if so, for how long, or will a new round of LS end it's brief run...

LS might actually strengthen the rand... go figure...

 

[BBSA]

 

[Dups!]

The dollar is running rampant on just about anything, not just the rand.

 

[BBSA]

The dollar is running rampant on just about anything, not just the rand.

https://twitter.com/x/status/1567480107572383744

 

[Dups!]

https://twitter.com/x/status/1567480107572383744

That is scary, you start to wonder about our tiny and already destroyed economy.

 

[LazyLion]

Rand eyes R18.00 to the dollar as load shedding and rate uncertainty bite

The South African rand has come under immense pressure on Monday (19 September) as the country feels the pressure of stage 6 load shedding, and markets look ahead to interest rate hikes from major central banks.

businesstech.co.za