« previous next »
Pages: [1]

Author Topic: Shifting ZAR to $  (Read 13017 times)

jonb

  • Full Member
  • ***
  • Posts: 122
  • Karma: +2/-0
    • View Profile
Shifting ZAR to $
« on: March 24, 2020, 12:49:48 pm »
Just wanted to throw this out here as of right now

If you have funds sitting in ZAR cash and relatively easy opportunity to move these to US $ ( not stocks... YET) just keep in cash

Would you do it?

Phase it 30% 50% all go all in

I know its given that emerging market currencies are taking a pounding now as investors flee to cash, do you guys think this will continue?
Logged

andre

  • Jr. Member
  • **
  • Posts: 52
  • Karma: +7/-0
    • View Profile
Re: Shifting ZAR to $
« Reply #1 on: March 29, 2020, 01:52:49 pm »
No easy answer.  Things seem to change quickly nowadays.
I moved ZAR to USD asap this year but still lost 15% in the process (measured YTD) - right now it would be closer to 25%
It's hard to say if ZAR will bounce back at some point but you still have to weigh up the potential recovery vs opportunity to buy into the market close to a bottom?
Personally I'm holding on to USD for now and will phase in some buys (20-30% at a time) over the next 4-6 weeks.
I guess it will still depend on what we see in the USA over the next 14 days...
Logged

yozzi

  • Full Member
  • ***
  • Posts: 157
  • Karma: +2/-0
    • View Profile
Re: Shifting ZAR to $
« Reply #2 on: April 17, 2020, 05:23:02 pm »
With the Rand taking a hammering at the moment is there a process of sending Rands offshore but not converting to Dollars, Sterling, etc until things get back to normal? In other words using an offshore Rands denominated account?
Logged
Pages: [1]
« previous next »