Author Topic: Strong ZAR = offshore opportunity ?  (Read 2685 times)

jonb

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Strong ZAR = offshore opportunity ?
« on: July 12, 2016, 10:15:45 am »
Is anybody taking advantage of string rand and moving money out

$ or even more attractive Euro

Would be great to hear some opinions!

Orca

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Re: Strong ZAR = offshore opportunity ?
« Reply #1 on: July 12, 2016, 12:05:30 pm »
I would leave the EURO alone as Brexit has not yet started and may spread to other countries. There is an off chance that the Union may even dismantle completely.
The ZAR may even strengthen by another 100c against the USD but I would look to move over to USD at this stage.
We cannot expect to make money on the markets for the next few years so we may as well make some with the exchange rate.
I started here with nothing and still have most of it left.