The chart above represents the 25 year trend of the Rand / Dollar Exchange Rate. From the end 1987 the Rand has depreciated steadily against the US. The sudden strengthing in the Rand was brought about by the global credit crunch and I think the long term trend will continue. It is a very good time to take your Rands offshore.Monday, September 28, 2009
Rand / Dollar 25 Year Trend
The chart above represents the 25 year trend of the Rand / Dollar Exchange Rate. From the end 1987 the Rand has depreciated steadily against the US. The sudden strengthing in the Rand was brought about by the global credit crunch and I think the long term trend will continue. It is a very good time to take your Rands offshore.