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usd-zar

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Super Contributor
I reckon the rand will weaken short term to about 15.15 and then strengthen over time to about R11.00.
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Super Contributor
what time frame, seems downgrade now very likely
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Super Contributor
Downgrade is priced into the currency, still undervalued by some 40%
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Super Contributor
No No when the downgrade comes we going to R30
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Super Contributor
Maybe R20
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Super Contributor
I don't know Rams, but this was my post on 25th February. A bit tongue in cheek, but who knows? "Some people around here are averse to learning from history, but: on 29/1/2016 (yes, a few weeks ago)the rand was for the first time since 31/12/2001 as oversold against the USD on the weekly and monthly sto and rsi as it was back then. These indicators have now rolled over and are heading south, just as they did after 31/1/2001 after that peak. History shows that the rand strengthened from R13.55 on 31/1/2001 to R5.63 to the dollar on 31/12/2004 (a space of 3 years to the day).Something similar happened between 31/10/2008 and 31/12/2010 when the rand strengthened from R11.47 to R6.61 (a space of just over 2 years). I'm just saying."
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Valued Contributor
downgrade is certainly coming and as such is already being priced in .. that said there will be an initial reaction when it happens
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Contributor
I reckon we heading for 14 bucks by mid too end May!
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