Debtfree Issue September 2022 DebtBusters Special Edition
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DOLLAR VS RAND<br />
WHY SHOULD YOU<br />
CARE?<br />
We often see news reports and<br />
stock market people talking about<br />
the Rand vs Dollar exchange rate.<br />
We never use Dollars here so why<br />
should we care what the exchange<br />
rate is?<br />
When SA buys oil, we do so in Dollars. This is<br />
true of many products that are imported. This<br />
means that when the Rand gets weaker vs the<br />
Dollar, it pushes up how much we have to pay<br />
locally for such products.<br />
This is why it is worth knowing what is<br />
happening when we compare the relative<br />
value of the 2 currencies, even though we<br />
never use Dollars when we go shopping.<br />
At the moment* the rate is:<br />
R17.75 for 1 US Dollar<br />
* Mid Sept <strong>2022</strong>. The rate changes daily. You can google the<br />
current rate: Go to google.co.za and type in: USD to ZAR
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