With the Rand currency loosing some 40% in recent weeks against the major currencies,financing the purchase of our products is looking better for overseas clients than we have seen for some years,you score,we get the order,we both win.To put this into perspective,the Rand to the U$ Doller last July was around R7.85,it has now passed R11.00 to one U$ Doller.
Rates ex www.fnb.co.za this mornings postings:
Public Exchange Rates against the rand for amounts up to R50 000.
Published at 2008/10/22 09:01:00 AM
Rand per foreign currency unit
Description Code Bank Selling rate Bank buying TT Bank buying TC's Bank buying notes
EURO CURRENCY EUR 14.2676 13.6923 13.6496 13.6784
BRITISH STERLING GBP 18.1268 17.3957 17.3263 17.3781
US DOLLARS USD 11.0337 10.6870 10.6310 10.6762
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