Rand exchange rate

**Wolf** · 24-Oct-08, 03:10 PM

Fate is with me!

Payment will be done on monday. Rate is logged in at 17.4. If it stil drops like this I will renegotiate.

**Dave A** · 24-Oct-08, 03:51 PM

Good luck!

I'd better start paying a little attention to the GBP too - my wife is wandering over there for ten days pretty soon.

**Dave A** · 25-Oct-08, 07:57 AM

Wow!

R44 billion out so far this month.

RMB analysts agreed that the rand is in for another tough day.

"Not helping is foreign selling of local portfolio assets has accelerated, now totalling R44 billion for the month to date. Unless this drops off pretty soon the rand is in serious trouble - especially as none of the budget speech, the financial stability report or Governor Mboweni's comments last night showed any indication of pending action by the authorities.
full story from Business Report here

No wonder the Rand is all over the park!

**Wolf** · 25-Oct-08, 10:56 PM

**duncan drennan** · 30-Oct-08, 04:05 PM

Originally Posted by duncan drennan

The quote they gave me was long before the volatility and the purchase order was given on the same day. Now they want to charge me based on the cost when it landed. We'll see what price they want to charge....

So the price has increased around 17%. I'm a little unsure what leverage I have to bargain the price down a bit, after all I need those components soon - any thoughts?