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| Posted By: peter fallon Posted On: Oct 10, 2006 Views: 10312 | rand Mr Ferguson, What do you mean by the powers that be and open their mouths? |
| Posted By: GC Ferguson Posted On: Oct 5, 2006 Views: 10213 | Pullback ahead The Rand has lost a lot of ground over the past few weeks. On an annual basis, this trend has occured for at least the past 5 years. As retailers / manufacturers bring stocks in for Christmas season, they generally pay for their imports by the middle of October. This leads to a spike in the Rand. Additional forward cover is often taken out which exacerbates this. In mid October/Novemeber the trend reverses as imports begin to decline and tourist dollars start to flow. I expect we should see the Rand back down to R6.80 to R7.00 by December with further losses in the New Year. This of course depends on whether the powers that be have an open mouth policy or not. If they open their mouths, can expect weaker Rand. |
| Posted By: Ignasius Posted On: Sep 29, 2006 Views: 8944 | Rand & Gold Sell Off I recently bought Rand when it reached 7.34. I thought that was about the weakest point where the Rand could go after the gold sell off. Now, the Rand trades at about 7.7 and at the same time gold prices seem to climb up above the 600 level. Does anybody know how the Rand might turn out in 2-3 months, considering that consumer price index data is encouraging and that the gold level seems to be stronger? There is a website that predicts the Rand might get to above 9 in 3 months as its highest / weakest point and this scares me a lot. |
| Posted By: peter fallon Posted On: Aug 25, 2006 Views: 9220 | rand thank you ceppel for input. |
| Posted By: PA Swan Posted On: Aug 9, 2006 Views: 9313 | Rand Selling your rands for dollars it seems will be wise because the recent dollar weakness can surely not continue indefinately.Sept 20 most likely that Fed will hike .25 % and that will bring relief for dollar. |
| Posted By: Lawrence Posted On: Aug 8, 2006 Views: 7493 | buying euros I have recently relocated to Ireland and still have funds in South Africa. I want to bring the money to Ireland however, however over the past 2 months the rand has taken a hammering and subsequently the euro value of my Rands has decpeciated. Im not sure whether to bite the bullet and bring it over now or hold on a bit longer since the rand has show some signs of recovery over the past 2 weeks. Please can you point me in a direction |
| Posted By: ceppel Posted On: Jul 25, 2006 Views: 6292 | $/R Hi Peter Fallon,with the world awash in USD the $ will remain jittery and subject to metal fluctuations in the short term...in the long term, as the political storm passes, ie Iraq, Iran, N.korea, Israel etc. reality will prevail, and you will see the $ smothering the euro. The rand tightly linked to Eurpean trade will follow suit, and I guess in terms of your question will see R8.5 on up to the greenback. Timeframe would be 18 months to 2yrs. At least, that is what my geanie says:-) |
| Posted By: peter fallon Posted On: Jul 6, 2006 Views: 5319 | rand/$ exhange I'm an American who is building a vacation home for my ZA wife and I in Knysna. I've been trying to time the market and have been luke warm in that exchange. In anyone's opinion is now the time to pull the trigger or do you expect the dollar to become stonger. Be kind to a Yankee transplant. My in-laws, originally from Queenstown, have now settled in Knysna and I hope to spend my retirement years there. Do I take a loan now and move the money or wait for a more opportune time. Need your input. |
| Posted By: Smith Posted On: Jun 28, 2006 Views: 4752 | Rand, what else? From previous comments it seems all depends on Gold for the Rand. The gloom factors are all there to create perfect storms as with the USD earlier this year. Question is will a good Gold price only provide shelter against the storm or will it be strong enough to drive the clouds away. I'm in a compromising position with an international transaction, the nature of transaction leaves me exposed. I'm interested to hear a fresh forecast from Sean Murray / any other welcome(1st June). |
| Posted By: Johan S Posted On: Jun 23, 2006 Views: 4464 | Rand weakness Looking at Peter Fallon's comments on 26 April (yes I know hindsight is an exact science)I guess the answers are fairly obvious: - Softer gold price while oil remains high - International skepticism on ANC's succesion debate - International unease with emerging markets amidst great uncertainty on the future course of the dollar and euro - volatility of soft currencies like the Rand as evidenced overe the past two weeks - SA's massive trade deficit etc |
| Posted By: qwerty Posted On: Jun 20, 2006 Views: 4183 | rand one thing is certain, gold will not lose favor. due to the debasement of currencies, gold will easily go over 2000 dollars. the rand has historically got stronger when the price of gold got stronger of course, if the central bank fiddles with the interest rate enough, the rand could conceivably get weaker south africa is controlled by the world government which operates in secret. i suppose they would know. |
| Posted By: Sean Murray Posted On: Jun 1, 2006 Views: 4453 | Rand / Basket of Currencies Rand will continue to weaken, imports continue in line with consumer spending, CAD expected to relect above. USA / EU / Iran backroom deal will come about and Gold will loose favour. USA Bonds will suck investments from E Markets. Good earnings from EU will add to investments in EU Equities, ongoing strikes and Rand over value comments and Newspaper jitters are adding to the Rands woes. Expect new highs on a daily basis with no outlook on the horizon to stem the bleeding for now. We can expect a breakthrough of 9 to 1Euro first two weeks June and 9.50 end June, Dollar will push through 7 within two weeks and hover at 7.30 end on June, Rand will fall off severly in early to mid July and will retrace somewhat towards the end of July, traders expect major movements for month of July |
| Posted By: Tobias Posted On: May 25, 2006 Views: 4437 | Rand /Dollar Econmic pressure in South Africa will effect a dwonside of the current rand. Economic advisor's to the president and leading members of union's are willing that the current level of the rand to the dollar should leave his strong perfomance and become a softer current in the rang of 9 tot 10 to the dollar. Intrest rate's will be the driving force to obtain a certain weakeness for the rand. |
| Posted By: peter fallon Posted On: Apr 26, 2006 Views: 3720 | zar vs $ I would like to get some comment from Sean now. I see the rand getting stronger against the dollar. It keeps flirting at the psychological barrier of 6. With tourists buying up coastal properties , precious metals being the commodity of the future, and US interest rate at it's height, what is preventing the rand to break through the 5.5 barrier? |
| Posted By: mike johnson Posted On: Mar 18, 2006 Views: 4014 | volatility the volatility of the rand is causing a serious risk and cost to SA business -even in the past two weeks we have seen movement between a high of 7.19 to the euro to 7.60 and within the past 6 months a low of 8+. the central bank needs to engage in more active management to influence greater stability. our enconomy needs euro rand of 9 to make exports competitive and with power outages now impacting on output and no short term fix our exporters need a break! |
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