ZAR Crashes ... were YOU ready for it?
All good things come to an end, right?
That was the story of this week as the weight of all the negative news and economic events took its toll on the
USD/ZAR
Rand Hits 12 Week Best...But Can't Hold On To Gains
The United States is enduring a very difficult period...
Having just been hit with Hurricane Harvey, one of the most destructive hurricanes we have seen in quite some time...
...along comes an
Harvey to the ZAR rescue...and to USD's detriment
It was another week of building.
Not positive building, but building of tension globally, waiting for an explosion...
...as Hurricane Harvey raged through Texas
...and tensions rose toward to a crescendo between the
Is the USDZAR becoming a more stable market...?
All of us began the week with some trepidation as to what was coming next.
Despite some rocky ground, it had been a great couple of weeks for the ZAR.
Rand makes a swift recovery from Zuma-flu!
Well, well, well...who would have thought?
After a catastrophic previous week with Zuma surviving the #NoConfidence vote, all eyes were on the Rand to see the longer term effect.
And
Zuma dodges the bullet! But the Rand doesn't...
Can you believe it?
Zuma dodged the bullet again.
And the poor Rand just so happened to be standing right behind him, and was left no option but to take
Rand loses ground - exactly as predicted...
While many were holding thumbs that the ZAR's continued period of strength and stability would someone manage to keep going, it seemed the honeymoon was over as the week got
Major wins, major losses - a see-saw week for the Rand
The Rand has been bootstrapping it for a bit too long...
And all too soon, it seemed its luck has run out.
And then there was a comeback.
And then
The Resilient Rand stands strong... (somehow)
This last week was nothing short of confusing for most.
After the comeback of the ZAR during the previous week, many had high hopes that this week would have more
Rand Review - 20 Feb 2017
What a comeback!
After attacks from all corners with a horrendous State of the Nation, Bank Collusion scandals and more, the Rand pulled some wonderful tricks out the hat this
Rand Review - 13 Feb 2017
The State of the Nation.
Or should we say, Chaos of the State of the nation?
What else could be the talking point of this week?
As
Rand Review - 6 Feb 2017
After a barnstorming previous week, we expected nothing short of exactly that, once again for this past week...
And yes… our anticipation (more like worry), was not far wrong!
Rand Review - 30 Jan 2017
Hectic. Worrying. And yet, just as predicted...
All these words are correct in their description of the past week - an exciting story of 5 days of manic moves, as
Rand Review - 23 Jan 2017
Another week.
Another whirlwind week.
Once again, the Rand’s movements were anything but normal.
But then, maybe this is the 'new normal' after the past 2 years?
Scary thought!
As
Your Forex Transfer Solution.... [Part 3 of 3]
So...
Over the last couple of days, I warned you as to how:
Bank's are literally robbing most people every day on forex transfers...
And then how SARS is
SARS is Likely Robbing You Too...! [Part 2 of 3]
Yesterday we looked at how bank's are likely robbing you for transferring funds offshore.
BUT...
There is more to it. More frustration.
More problems.
More cost.
A lot of people
The Banks Are Robbing YOU! [Part 1 of 3]
With the Rand having one of its most volatile years, one thing to be thankful about is that we aren't at the levels that we were last year this time,
Rand Review - 19 Dec 2016
This was a rather topsy-turvy week for the Rand, with the defining event being the US Fed announcement of increased interest rates for only the second time in a decade.
Rand Review - 12 Dec 2016
You win some, you lose some...
...and the Rand could not seem to decide which it was going to do this past week.
After dodging the #JunkStatus bullet,
Rand Review - 05 Dec 2016
A week which started so well for the Rand, had a mid-week collapse, and then gained most of it back again.
On the back of escaping Moody's and Finch's #JunkStatus