ZAR:USD Exchange Rate

biometrics

biometrics

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Oct 17, 2019
Messages
20,351
Johnatan56 said:
For those interested, this is mostly due to trade deals with US-China coming through, should strengthen all emerging markets / weakens the dollar.
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Thanks for the explanation. I always wonder why but don't bother to find out.

But bottom line, I'll take it from anywhere.

We were R11.50:$ in Feb 2018 due to Ramaphoria. No reason we can't get there again. Ten years ago we were R6:$ before Zuma fucked everyone in the arse.
 
Johnatan56

Johnatan56

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Joined
Jun 22, 2020
Messages
1,532
Location
Vienna
biometrics said:
Thanks for the explanation. I always wonder why but don't bother to find out.

But bottom line, I'll take it from anywhere.

We were R11.50:$ in Feb 2018 due to Ramaphoria. No reason we can't get there again. Ten years ago we were R6:$ before Zuma fucked everyone in the arse.
Click to expand...
Wait, my explanation is wrong, I misread the date on an article, wrong year.

It's due to US inflation, dollar weakening, not rand strengthening:
www.investing.com

Dollar Weakens After Inflation Data Calms Tapering Fears By Investing.com

Dollar Weakens After Inflation Data Calms Tapering Fears
www.investing.com www.investing.com
 
Johnatan56

Johnatan56

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Joined
Jun 22, 2020
Messages
1,532
Location
Vienna
biometrics said:
R11.50:$ soonish?

View attachment 26140
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1622654342420.png
So rand is actually improving, nice. Will be interesting to see how the rest of the week looks like, it's mostly due to most of the world going through a boom again and needing metals, if Eskom properly messes up (as in unions), SA will have an issue and crash again.

I'm due to payment incoming tomorrow, will be nice converting.
 
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