Live index level and community discussion — what the JSE is doing today, in one place.
USD / ZAR Exchange Rate
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rand got absolutely hammered this week, sitting near 18.50 to the dollar. been here before though, every time load-shedding gets worse or the fed stays hawkish the currency just gets smashed. long-term view hasn't changed, zar weakness is exactly why people hold resources and rand hedges on the jse in the first place.
rand getting hammered lately, sitting around 18.50 to the dollar. if you're holding rand-hedges like anglogold or impala they love this stuff, but it kills anyone trying to bring money back home. think the fed staying higher for longer is the real story here, not just sa politics.
rand getting hammered on dollar strength again, 19.80 not holding. fed keeping rates higher for longer means zar just bleeds out, especially if commodity prices stay soft. any rand hedge on the jse is basically free money at this point, thats where the real money is flowing
rand's been getting hammered against the dollar past few weeks, sitting around 18.50 levels if i remember right. thing is, every time the fed holds rates or talks tough on inflation the dollar just rips harder, and we're stuck watching our purchasing power get shredded. good for the big miners on the jse obviously but murder for import costs and anyone holding cash. my reading is until sa sorts out the growth story this pressure stays.