I first came to the US about 10 years ago and the Rand/Dollar was 6/1 now after 10 years it is 16/1. Very scary.
A depreciation of the Rand/Dollar exchange rate decreases the price of exports and increases the price of imports.
Tourists from South Africa to the USA increases the demand for dollars. The demand for dollars curve shifts tot the right. The rand depreciates and the dollar appreciates.
The rand was knocked today after the ruling African National Congress proposed that the South African Reserve Bank should be wholly state-owned rather than an institution with private shareholders. The recommendation was approved in a plenary session at the party's policy conference but still needs to be ratified at the party's national electoral conference in December. The move comes just two weeks after South Africa's Public Protector attempted to instigate a change in the bank mandate. Busisiwe Mkhwebane instructed Parliament to amend the constitution to make the Reserve Bank focus on "socioeconomic well-being of the citizens" rather than inflation. Economist says removing private shareholders would have no immediate effect on policy though it could be seen as symbolic. For more news, visit: http://www.sabc.co.za/news
Dollar Exchange Rate Today - Mar 28 2017 (13:30 UTC) Price of the dollar today: US Dollar 1.00 USD - inv. 1.00 USD Euro 0.920813 - 1.085997 British Pound 0.796069 - 1.256172 Indian Rupee 65.042611 - 0.015375 Australian Dollar 1.313739 - 0.761186 Canadian Dollar 1.338340 - 0.747194 Singapore Dollar 1.393729 - 0.717499 Swiss Franc 0.984431 - 1.015816 Malaysian Ringgit 4.412900 - 0.226608 Japanese Yen 110.301066 - 0.009066 Chinese Yuan Renminbi 6.884325 - 0.145258 Colombian Peso 2921.755664 - 0.000342 Subscribe to receive the dollar today and in countries around the world and see useful information (TRM dollar prices, economic indicators, etc.).
This is a Simple Guide on: How to Convert or transfer ZAR Rands into USD Dollars into BTC Bitcoin; and Vice Versa. We use 3 Providers to help us do thee Currency Conversions www.preev.com www.x-rates.com www.moneyconverters.com This simple guide will help you with any business you do. You can learn how to convert ZarRands into Dollars into Bitcoins. ---PLEASE SUBSCRIBE TO THE TEAM CHANNEL ---PLEASE ALSO LIKE AND COMMENT IF THE VIDEOS WERE HELPFUL TO YOU. ---You are also welcome to SHARE the Videos on Facebook so that more people can get the same help. To Create your Own Bitcoin Wallet- Please Click here: 1. www.localBitcoins.com http://34.gs/ufan 2. www.bitx.co Register and use Referral link Code: AMB7X I will be adding more Videos Weekly- Please SUBSCRIBE ON THE CHANNEL. Please tell me: What other topics or reviews would you like me to cover? Please let me know...
Dollar/Rand (USD/ZAR) is close to testing all-time high of 13.85 and 14.00. Where to Now? See www.forexforecasts.co.za In this video, James Paynter from Dynamic Outcomes gives you some insights into the future of the Rand, based on Elliott Wave Principle, Trendline and Fibonacci analysis. If you need a forecast as to where the South African Rand is heading over the short, medium and long term, you can find out about our forecast service at http://goo.gl/P5Ncc9
The Rand has broken through the R13 to the dollar mark today - an important pscychological number and a new 14 year low. It's strengthened since then but it's still trading at levels last seen during a volatile time 13 and a half years ago. If it's not events in American, it's China weighing on the rand - which has weakened by around 11 percent since the start of the year. For more News visit: http://www.sabc.co.za/news Follow us on Twitter: https://twitter.com/SABCNewsOnline?lang=en Like us on Facebook: https://www.facebook.com/SABCNewsOnline
On June 15 the Reserve Bank of Zimbabwe took the last step in the process of ditching its currency. Zimbabwe dollars will be decommissioned at a rate of 35 quadrillion per US dollar. Any remaining Zimbabwe dollars in circulation after September 30 2015 will be officially, as opposed to practically, worthless. Withdrawing all Zimbabwe dollar banknotes from circulation officially brings an end to the era of people carrying cash around in large bags and even wheelbarrows to do their everyday shopping. In 2009, the end of the decade long recession saw the government adopt the US dollar as its main currency. Since then people have effectively used US dollars or South African rand in everyday life, while an increasingly small number of Zimbabwe dollars (with virtually no value) remained in circulation. http://feeds.mashable.com/~r/Mashable/~3/PdefnkVOPo0/ http://www.wochit.com This video was produced by Wochit using http://wochit.com