Finance

CROSS BORDER FOREX PAYMENT SPECIALISTS There was absolute carnage in the Rand as it nose dived, like a runaway train. The Rand hit a new all time low, as the United States Ambassador to South Africa openly claimed South Africa had supplied Russia Arms on the clandestine visit of the sanctioned Russian ship [Lady R]…

BROUGHT TO YOU BY YOUR CROSS BORDER FOREX SPECIALIST The Rand is no stranger to adversity but the past two days have been nothing short of brutal, and while no clear reason can be pinpointed it looks like a misunderstanding could be the cause of our aggressive selloff.   These are the mid rates at 6:15…

YOUR CROSS BORDER PAYMENT SPECIALIST These are the mid Forex rates at 6:20 today: USD = R18.27   AUD = R12.30 GBP = R23.04   DXY = 101.18 EUR = R20.18 Brent Crude = $73.12 per barrel The Rand had an up and down day yesterday, first weakening to R18.29 to the Dollar, then strengthening…

These are the mid rates at 6:30 today: USD = R18.16  AUD = R12.13 GBP = R22.68  DXY = 101.28 EUR = R20.09 Brent Crude = $82.90 per barrel The Rand’s day was extremely boring by comparison as we opened at R18.12 to the Dollar, touched R18.19 and R18.08 as our worst and best levels…

These are the mid rates at 6:20 today: USD = R18.04   AUD = R12.11 GBP = R22.44   DXY = 101.80 EUR = R19.78 Brent Crude = $81.17 per barrel No such fireworks for the Rand although we did enjoy a relatively good day in the office yesterday.  The Rand opened at R18.19 to…

These are the mid rates at 6:20 today: USD = R18.17  AUD = R12.24 GBP = R22.57  DXY = 101.77 EUR = R19.94 Brent Crude = $84.83 per barrel After a difficult start to the week thanks to robust US market data yesterday it was the turn of strong Chinese data to help the Rand. …

These are the mid rates at 6:25 today: USD = R18.39  AUD = R12.34 GBP = R22.98  DXY = 101.51 EUR = R20.22 Brent Crude = $87.25 per barrel Yesterday was all about the US inflation report and it didn’t disappoint with the Rand racing from R18.45 to the Dollar to R18.30 in an instant,…

These are the mid rates at 6:20 today: USD = R18.10   AUD = R12.12 GBP = R22.53   DXY = 102.00 EUR = R19.72 Brent Crude = $84.10 per barrel Sometimes you can only shake your head and wonder if government actually has a plan to deal with load shedding.  The national state of…

These are the mid rates at 6:20 today: USD = R17.83  AUD = R12.11 GBP = R22.15  DXY = 102.21 EUR = R19.44 Brent Crude = $85.18 per barrel The Rand managed to hold it together in what looked like a tricky start to the week yesterday.  We opened at R17.88 to the Dollar and…