Debtfree Issue September 2022 DebtBusters Special Edition
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DOLLAR VS RAND<br />
WHAT DOES THAT<br />
MEAN?<br />
This means that if you want to get<br />
your hands on $1 you have to pay<br />
R17.75 (plus whatever mark up and<br />
fees the exchange charges).<br />
For the majority of the past 5 years, the Rand<br />
has been under R15/Dollar but recently you<br />
will have felt the impact of the higher rate as<br />
petrol prices (and thus transport prices and<br />
the price of goods at shops) have gone up.<br />
In the last 30 days the Rand has lost about<br />
75c/Dollar. This means that even when global<br />
petrol prices fall (which is great) we get<br />
disappointed that the price of local fuel does<br />
not drop as much as we would expect.<br />
This is just one reason why it is useful to check<br />
what the Rand Vs Dollar rate is.
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