Having a look at the performance of the Rand against the Dollar for the last 10 years can only be described as a; "Frighteningly sad exercise!" The chart goes from a low of R5.99 to the Dollar in January 2006 to R17.43 in January 2016 - the progression is definitely a bad one. Using a 10 year chart from XE.com (see chart below) we selected peak exchange rates and matched those to happenings in South Africa to see if we could get a correlation between poor performance of the rand and … [Read more...] about Why our Sorry Rand is performing so badly
exchange rate
Could the Rand go to R15/$?
The big question for next week is whether the SA Reserve Bank's Monetary Policy Committee (MPC) will decide to hike interest rates on November 19 or not, Wichard Cilliers, director and chief dealer at financial services provider TreasuryOne said on Tuesday. "Whether they hike or keep the interest rate unchanged, a lot will ride on the rand and the movements of the currency this week," said Cilliers. "Should the rand fail to arrest its slide, we could see the MPC act quickly to stop the … [Read more...] about Could the Rand go to R15/$?
Quick – Time to Move Money Offshore
One of our venerable Weekend Newspapers reported this morning that £97 Million was the equivalent of R1.2 Million. I don't know what happened in between last night and this morning but with one Rand equal to 80.83 Pounds I know what I am gonna do. I am packing as we speak - I reckon that once my house is sold I will be able to live like a KING in England. Whilst the Longhair and I wait for that money to come through we have managed to scrounge the equivalent of a million pounds together and … [Read more...] about Quick – Time to Move Money Offshore
