RAND DOLLAR POUND EURO :o

1080 TO THE DOLLAR
1780 TO THE POUND
1470 TO THE EURO

what the fuck?

Is it true that the rand takes a dive when number 1 talks??

Sylvester Wrote:

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> 1080 TO THE DOLLAR
> 1780 TO THE POUND
> 1470 TO THE EURO
>
> what the @#$%&?


One way street..... and the more recovery Euro zone, State side the bigger the klap going to be

My opinion :

indirectly and directly yes
Directly His statements yesterday about changing the constitution( and other crazy actions/comment) scares investors including me with my few pennies.

but the bigger systemic problems are now coming to bite us in the face not even the ass. And sadly he is chief in charge of the Country and his lack of direction on investor friendly policies are now affecting us.

But oh boy will we be hit by massive petrol increases next month. And the knock on food inflation in 90 days.

Think its time to start panicking.

Just back from theNetherlands and Belgium, and yes, that was scary. At this stage not affordable for South Africans I think. If a coffee cost you R 45.... As said scary. I started visiting South Africa 10 years ago, and at that stage the Euro / Rand was 1 / 7. However in that 10 years the Rand went to 14 and came back to 8, before going back to almost 15 (where we are right now). I wouldn't be surprised if the Rand goes back again to 8 - 9...... I am not going to panic....

Nickname Wrote:

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> Just back from theNetherlands and Belgium, and
> yes, that was scary. At this stage not affordable
> for South Africans I think. If a coffee cost you R
> 45.... As said scary. I started visiting South
> Africa 10 years ago, and at that stage the Euro /
> Rand was 1 / 7. However in that 10 years the Rand
> went to 14 and came back to 8, before going back
> to almost 15 (where we are right now). I wouldn't
> be surprised if the Rand goes back again to 8 -
> 9...... I am not going to panic....

Nickname, the macroeconomics have changed. The rand strengthened due to US fiscal policy after the #2008 crisis. Excess liquidity and low interest rates and shrinking growth sent fund managers lookingg for yield. 3rd world countries with higher interest rates and plenty resources (then) attracted the investments. This cojntry had inflows of many billiions per month in investments into our bonds and in particular our bank and retailer stocks.
With the fed now starting to dry up o QE (quantitive easing) , and the improvement in USA and eurozone the money is flowing out a lot lot faster....and the fact ghat resources have been hammered help nil....no quick ZAR recovery on ghe cards. in

The Madji Wrote:

---

> Nickname Wrote:
>

---

>

---

> > Just back from theNetherlands and Belgium, and
> > yes, that was scary. At this stage not
> affordable
> > for South Africans I think. If a coffee cost you
> R
> > 45.... As said scary. I started visiting South
> > Africa 10 years ago, and at that stage the Euro
> /
> > Rand was 1 / 7. However in that 10 years the
> Rand
> > went to 14 and came back to 8, before going
> back
> > to almost 15 (where we are right now). I
> wouldn't
> > be surprised if the Rand goes back again to 8 -
> > 9...... I am not going to panic....
>
> Nickname, the macroeconomics have changed. The
> rand strengthened due to US fiscal policy after
> the #2008 crisis. Excess liquidity and low
> interest rates and shrinking growth sent fund
> managers lookingg for yield. 3rd world countries
> with higher interest rates and plenty resources
> (then) attracted the investments. This cojntry had
> inflows of many billiions per month in investments
> into our bonds and in particular our bank and
> retailer stocks.
> With the fed now starting to dry up o QE
> (quantitive easing) , and the improvement in USA.
> and eurozone the money is flowing out a lot lot
> faster....and the fact ghat resources have been
> hammered help nil....no quick ZAR recovery on ghe
> cards. in

Well said Madji imho need to tighten our belts ,rough ride ahead unless we can crack a big win on horses.

This will be a tough year for us in SA..its sad because this country has everything to be very rich..in fact it is a very rich country..its just the way it is viewed by the rest of the world.

Ah! The good old days late 70's & early 80's & the Rand was FIXED to the Dollar @ the exchange rate of 1.1471. So nearly on par it was an importers heydays.(

As you are aware spent the festive in Scotland and if u have to convert rand pounds when eating and drinking out you might starve, the family will come here in future and think they are in heaven and u are right Oscar this country has so much to offer and a must for tourism but probably not a place for the weak over the next few years ?

The Madji Wrote:

---

> Nickname Wrote:
>

---

>

---

> > Just back from theNetherlands and Belgium, and
> > yes, that was scary. At this stage not
> affordable
> > for South Africans I think. If a coffee cost you
> R
> > 45.... As said scary. I started visiting South
> > Africa 10 years ago, and at that stage the Euro
> /
> > Rand was 1 / 7. However in that 10 years the
> Rand
> > went to 14 and came back to 8, before going
> back
> > to almost 15 (where we are right now). I
> wouldn't
> > be surprised if the Rand goes back again to 8 -
> > 9...... I am not going to panic....
>
> Nickname, the macroeconomics have changed. The
> rand strengthened due to US fiscal policy after
> the #2008 crisis. Excess liquidity and low
> interest rates and shrinking growth sent fund
> managers lookingg for yield. 3rd world countries
> with higher interest rates and plenty resources
> (then) attracted the investments. This cojntry had
> inflows of many billiions per month in investments
> into our bonds and in particular our bank and
> retailer stocks.
> With the fed now starting to dry up o QE
> (quantitive easing) , and the improvement in USA
> and eurozone the money is flowing out a lot lot
> faster....and the fact ghat resources have been
> hammered help nil....no quick ZAR recovery on ghe
> cards. in

Fark...Google translate...she cannot work this one out Madji....:

Rand lost 20 cents to the dollar overnight due to strong ADP employment numbers in the states