[ADVISOR VIEW] Trying to predict the rand-dollar in the short term is a fool’s game. You have a better chance of betting on Ireland winning the Rugby World Cup than punting on the short-term future of the rand: BreedRuan - BrenthurstSA. Investing
For years, this debate has been fiercely fought, with punters on both sides of the equation. Each side of the debate has its smartest financial models, arguments, and technical and fundamental analysis to prove they were indeed right, at least at some stage in the period below.
The US economy proved to be somewhat stronger in the first quarter of 2023. This implies that further interest rate hikes are on the cards from the Americans, which does not bode well for South Africa, as we seem to blindly follow in their footsteps. The labour market in the US economy remains resilient. It is very likely that rates might be increased by 0.50% increments in the next couple of Fed meetings, and rates will most likely remain higher for longer.
A full 28 years since we lifted the holy grail of rugby – the coveted William Web Ellis Trophy at Ellis Park in 1995, against the All Blacks. In 2007, the Boks travelled to Paris to claim the trophy back, and the rand/dollar and rand/euro traded at the following levels: Let’s adjust for annual inflation on these tickets over 16 years at a mere 4%, the damage would be as follow:
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