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Thread: Rand weakens

  1. #51
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    Hi,
    sorry to highjack I have a question and this seemed like a relevant thread so;

    I was wondering if anyone with an informed opinion has any insight to the Aus Dollar rand exchange in the short term? I need to bring in some $$$ but the Rand seems to have pulled back somewhat since the R10.05 mark it was at a few weeks ago... At R9.60 is it a good time or do I hold and hope for the best(haha or worst depending on your perspective)

    Thanks,
    PCAdeJ

  2. #52
    Site Caretaker Dave A's Avatar
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    Quote Originally Posted by PCAdeJ View Post
    At R9.60 is it a good time or do I hold and hope for the best(haha or worst depending on your perspective)
    What is your time window (just how long are you prepared to wait) ?

  3. #53
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    Quote Originally Posted by Dave A View Post
    What is your time window (just how long are you prepared to wait) ?
    Hi Dave,

    Im looking at pulling back one million ASAP(although I'm willing to give it 3 months) and then another million in a year( as soon as the Oz money-market acc. will allow)

    Ive made 10k by sitting on my hands since last week but I don't want to try time the market because from my limited economic understanding this level of exchange is above the natural equilibrium and "should" come down eventually, right?

    Also Ive been looking into http://www.xe.com/ has anyone dealt with these guys for money transfers?


    regards,

  4. #54
    Site Caretaker Dave A's Avatar
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    The general pattern for the Rand is it weakens fairly rapidly, and tends to strengthen slowly.

    The Australian Dollar, as you no doubt know, has been steadily strengthening against virtually all currencies at a pretty steady trot for quite a while now.

    It probably comes down to whether you think the Rand may blow out again within your window, otherwise fluctuations are likely to be relatively trivial.

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    PCAdeJ (12-Mar-14)

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    There is always more than 1 side to a coin.

    If you need a union to make a public statement and the investors for that industry is your competition abroad in another country where you have investments.
    It'll work out for you, because they will invest somewhere else, or other actions that might benefit you or your team's assets.

    Now what happens when you loose international investors? they get replaced with local investors ... so it becomes a win win situation - depending which side of the road you sitting ...

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