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R13.37/$ now!

Part of me is cursing my missed opportunity, but with the big picture it's not too bad. Half my money was in DIVTRX, it's still doing fine, the other half was in STXIND which has been hit by the strong rand. I also remember how I felt last year after Nenegate. I was so down in the dumps, I thought if only I could've sold yesterday... if it ever gets back to those levels I'm out of here. That level was R14.50, I moved my money at R14.30, so I can't really complain. Dawie Roodt also said he'd buy $ at R14.50 and buy rand at R16.50. He's an expert. Apparently.

Now what's changed. Let's see, the JSE has owned up to making a massive screw up. There's no record inflows, it was all a computer error. The reserve bank has said growth won't be 0.6% anymore, it's now 0% yet the rand gets stronger 

The only thing I can confirm, is that nobody has the faintest clue what is going to happen going forward. Junk status in December? Possibly? Probably? Who will win the fight for control of the ANC, Cyril? Or maybe Zuma will get even stronger and get rid of the Gauteng leadership ensuring that he can pick his successor, or even keep his seat as ANC president.

I'll stick with the statistics in my investing. You can't pick shares and beat an index. You can't pick an economy and beat the global average. The rand should depreciate by the inflation rate differential.

I'm sad I didn't move my money at the bottom, but I still earn in Rand, so I'll be using the stronger rand to keep investing in my low cost global fund. The Rand has just given me a raise in dollars to do that with.

Here's a 10 year chart of the rand dollar. For a long time it was pretty flat except for 2008, but then in 2011 it just started climbing steadily. Anybody know why?

I forget the exchange rate that I bought the USD for because you just cause yourself unnecessary pain thinking about what the Rand could have done. I just want more bang for my buck.

I measure my wealth in the big three (EUR, USD, GBP) and so far I been better off investing offshore than local.

Well said Conrad, I also promised my wife I'd do the same. The rate reached a level where I could convert and have a number in $'s I was happy with, so it's time to move on!

Any strength from now is more bang for buck as you said.

With the Rand at these levels firstly where do you think it will bottom?

Would you be selling your STXIND/CORONATION ETF's to buy either dollars, sterling or euros in order to capitalise on the Rand weakening by year end or is it too much of a gamble?

Fin24
//The rand has strengthened below key resistance at R/$13.50 and is now comfortably below the 50-, 100- and 200-day moving averages.

The rand’s momentum indicators are not confirming the rand’s new lows versus the dollar and therefore a sustained break below R/$13.20 is unlikely.

The rand must break above R/$13.60 to indicate that the bottom has been reached.//

It is now 13.80.

Thank you cANCer for making me a quick 2% on the money i took offshore yesterday. Whew!

Impossible to call. Is the current weakening of the ZAR due to Zuma/Hawks and Gordhan saga? Will the ZAR continue to decline until that saga is done and dusted then gain to sub 13 again?
We must also take into account that talk by the FED about increasing interest rates has given the USD a boost and the ZAR has not really weakened as much as it appears to have done. The ZAR stood still today but the USD gained 1,4%.

I would not buy GBP or EUR due to the uncertainty of Brexit and the migrant crises. The USD and YEN would be safer in my personal view.