IdealCFDs

South African Rands breaks through R8.50 Barrier

The rand reached 8.50 against the dollar in afternoon trading on Wednesday the 23rd of september 2011. As a result it hit its worst level in 2011 on growing concerns of a recession in europe.

 

Be the first to comment - What do you think?  Posted by admin - November 24, 2011 at 8:12 am

Categories: exchange rates news, south african currency   Tags: , ,

Euro Crisis

The euro crisis is really taking its toll on the already volatile South African Rand. It has been moving up and down. What do you think? Must the greeks leave the euro zone for the world economy to stabilise or do we all have to give a helping hand to let them survive.

Is helping the Greeks just postponing the final outcome ? Bankruptcy of Greece

Be the first to comment - What do you think?  Posted by admin - November 3, 2011 at 5:27 pm

Categories: currency info and facts   Tags:

Rand Volatility and Trading

The South African  Rand, is currently one of the most traded and volatile emerging market currencies. It  has traded in a range of R6.59/$ to R8.26/$ in 2011, its volatility increasing in the past two months due to global financial turmoil and the European crisis caused by poor performing countries in the euro-zone like Greece.

Be the first to comment - What do you think?  Posted by admin - October 25, 2011 at 5:02 pm

Categories: currency info and facts, south african currency   Tags: , , , ,

Rand roaring back

The South Aftican Rand (ZAR) has recovered form it worst levels in the last few days and is Currently Trading at 7.79 to the US Dollar.

The rand is taking leads from  the euro which has recovered quite a bit. The market has also been a bit short and we’ve seen some export selling which have also helped to strengthen  the rand,” a currency trader said.

Although stronger the Rand will still be a highly volatile currency in the near future

Be the first to comment - What do you think?  Posted by admin - September 27, 2011 at 6:27 pm

Categories: exchange rates news   Tags: , , , ,

Rand Takes a Beating

2011/09/22, The rand took a beating against all major currencies, panic buying of dollars by importers and a general negative sentiment about the eurozone is hurting the rand badly. South Africans will have a brace themselves for a higher inflation outlook, higher petrol prices and more expensive imported electronic gadgets

1 comment - What do you think?  Posted by admin - September 22, 2011 at 4:18 pm

Categories: exchange rates news, south african currency   Tags: , , , , ,

South African Rand Under Pressure

The rand being fairly strong the last few months is under pressure and has hit a 14-month low against the dollar on Tuesday the 20th September 2011 , with many factors pointing to more losses for the Rand, already the worst performing Currency among emerging market currencies.

The rand has lost close to 5% to the dollar so far this year, but it is still up about 20% since the beginning of 2009. The strong South African Rand has managed to keep inflation low for the last few years, but with the currently weakening of the South African Rand the outlook for inflation increase is looming

Be the first to comment - What do you think?  Posted by admin - September 20, 2011 at 9:47 am

Categories: exchange rates, exchange rates news, south african currency   Tags: , ,

South Sudan New Country New Currency

South Sudan, officially known as The Republic of South Sudan, is a newly established country in East Africa. Its capital and largest city is Juba, located in the southern state of Central Equatoria. The landlocked country is bordered by Ethiopia to the east; Kenya to the southeast; Uganda to the south; the Democratic Republic of the Congo to the southwest; the Central African Republic to the west; and the Sudan to the north. South Sudan includes the vast swamp region of the Sudd formed by the White Nile, locally called the Bahr al Jabal.What is now South Sudan was part of the British and Egyptian condominium of Anglo-Egyptian Sudan and became part of the Republic of the Sudan when independence was achieved in 1956. Following the First Sudanese Civil War, the Southern Sudan Autonomous Region was formed in 1972 and lasted until 1983. A second Sudanese civil war soon developed and ended with the Comprehensive Peace Agreement of 2005. Later that year, southern autonomy was restored when an Autonomous Government of Southern Sudan was formed. South Sudan became an independent state on 9 July 2011 at midnight (00:00) local time following a referendum held in January 2011 in which nearly 99% of voters opted for independence from the rest of Sudan. On 14 July 2011, South Sudan become a United Nations member state. South Sudan has also applied to join the Commonwealth of Nations, the East African Community, the International Monetary Fund,and the World Bank. The country was declared eligible to apply for membership in the Arab League as well.

With the creation of South Sudan a new currency will be used as well known as the South Sudanese Pound

Be the first to comment - What do you think?  Posted by admin - July 14, 2011 at 5:15 pm

Categories: currency info and facts   Tags: , ,

Walmart Deal boosts South African Rand

The rand was showing stronger against the dollar in late  trade on Tuesday after the Competition Tribunal said it had approved the merger between retail giant Walmart and Massmart Holdings with the conditions as proposed by walmart and massmart (makro,dion wired,builders warehouse and game)

The rand/dollar has broken the R6.82/$ level, which is excellent  for our currency

The Walmart deal will bring a lot of positives to South Africa, for the economy and consumers alike

 

1 comment - What do you think?  Posted by admin - May 31, 2011 at 5:43 pm

Categories: exchange rates news, south african currency   Tags: , ,

Rand/Dollar breaches R7,00 on 2011/05/13

The rand fell more than 1.6% against the dollar during trade on Friday, breaching R7.00/US Dollar for since  nearly 2 months on troubles concerning the eurozone debt which have investors think twice about risky assets.

Is this the beginning of the end to a strong Rand, certain analyst certainly think that the Rand is not going to hold up to its strength of the last few months

Be the first to comment - What do you think?  Posted by admin - May 13, 2011 at 5:14 pm

Categories: exchange rates news, south african currency   Tags: , , ,

Volatility of the Rand

The South African Rand (ZAR)has been very volatile over the past few months and certainly again over the past few days. What causes the volatility of the South African Rand ?

  • Overseas Jitters and Happenings ?
  • Uncertainty ?
  • Speculation ?

Today the rand lost some ground again after it gained today. Reason was that a press conference to be held by Zuma & Gordhan. The currency markets didn’t know why so the rand lost ground. I guess todays drop could have been caused by uncertainty

See more in the article below

http://www.fin24.com/Markets/Currencies/Rand-rattled-by-Zuma-Gordhan-briefing-20110325

What is your opinion of the volatile South African Rand (ZAR) and what do you thinh causes it ?

Be the first to comment - What do you think?  Posted by admin - March 25, 2011 at 2:39 pm

Categories: currency info and facts, south african currency   Tags: , , , , ,

Next Page »