The ZAR Exchange Rate Thread

[Hard Rain]

Yep, of course the Rand is taking a battering, I'm going to the States next month. Murphy's Law...

 

[DefecteD]

Yep, of course the Rand is taking a battering, I'm going to the States next month. Murphy's Law...

Murphy is a b1tch . LOL

also going away but only in december, lets hope it gets back to around R6 ish

 

[boramk]

I'm IN the States... FML everything is getting expensive!

 

[Arthur]

Yep, of course the Rand is taking a battering, I'm going to the States next month. Murphy's Law...

Yeah, Murphy's Law. Sigh.
I have to pay my daughter's college fees for this semester (at a US college), and of course have to sell Rand. Eina.

 

[Zenbaas]

R7.79 at present

 

[Hard Rain]

Yeah, Murphy's Law. Sigh.
I have to pay my daughter's college fees for this semester (at a US college), and of course have to sell Rand. Eina.

I refuse to sell my precious metals. They can have my fiat Rands ;-)

 

[Arthur]

Skrik. Rand now R8.109.

 

[Hard Rain]

Skrik. Rand now R8.109.

Greeeeaaat. It'll be R9 by the time I fly, no doubt :-(

 

[LazyLion]

Skrik. Rand now R8.109.

Huh? Says R7:89 for me?

http://www.iol.co.za/business/indicators
http://www.xe.com/

 

[milomak]

7.89 is the inter-bank rate. Forex shops will rip you a new one though.

 

[Jase]

It will come down slightly at month end. It always does.

 

[Arthur]

Huh? Says R7:89 for me?

http://www.iol.co.za/business/indicators
http://www.xe.com/

Those sources quote a mid rate.
See the Sell Rate here and here. It's eased off to R8.04-ish for those who buy dollars TT/wire (ie who have to wire dollars to overseas suppliers, or pay US university fees).

 

[LazyLion]

7.89 is the inter-bank rate. Forex shops will rip you a new one though.

Those sources quote a mid rate.
See the Sell Rate here and here. It's eased off to R8.04-ish for those who buy dollars TT/wire (ie who have to wire dollars to overseas suppliers, or pay US university fees).

Oh, I always go with the rate quoted on the financials sites. I could be arsed to look up the buy or sell rates as we do all our deals in the actual rate.

 

[Arthur]

Oh, I always go with the rate quoted on the financials sites. I could be arsed to look up the buy or sell rates as we do all our deals in the actual rate.

The buy and sell rates are actual rates. Not sure what you mean...?

 

[milomak]

The buy and sell rates are actual rates. Not sure what you mean...?

they are buy and sell rates for individuals. corporates get far better spreads which are closer to what you will see on a site like xe

 

[agentrfr]

I can confirm USDZAR is now bid: 7.86349 and ask: 7.86725

http://mybroadband.co.za/photos/showfull.php?photo=26692

It's a tad overbought for the moment. It should stay where it is through the weekend.

 

[za1]

I can confirm USDZAR is now bid: 7.86349 and ask: 7.86725

http://mybroadband.co.za/photos/showfull.php?photo=26692

It's a tad overbought for the moment. It should stay where it is through the weekend.

free fall this morning, 8.25 at the moment, who knows, every update it changes for the worse

 

[Arthur]

The best rate quoted to me today by a commercial bank is 8.3788 selling Rand for dollars on $45K, value 23 Sept. This is calamitous.

 

[ToxicBunny]

I wonder just how much of this has to do with the ANC and the YL and Cosatu with all its nonsense?

 

[za1]

I wonder just how much of this has to do with the ANC and the YL and Cosatu with all its nonsense?

I'm assuming absolutely nothing.
More likely due to stronger dollar, nerves about Italy and Greece and emerging markets and whatnot