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FORUM / MIKES GRIPES /  Mozart - just a question.

Mozart - just a question.

Started by clevermike2 REPLIES245 VIEWS· 15 May 2021, 16:46
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CL
clevermikeCoach57,555 posts
15 May 2021, 16:46
#1
15 May 2021, 16:46#1

Years ago I read in a local paper that the US petrol prices  have been the lowest in the world.     This morning I saw an article that the price has gone up to  $7 a gallon - which means the price is $1,54 per liter,   In SA Rand terms it is R21,7 a liter -  which is above what a liter cost locally.   My question  - Is the report true?    

As I understand it most cartage of consumer goods in the USA is done by heavy duty motor vehicles.   If the above is true  is there price rises in iro consumer goods in shops?

Lastly about a month ago  the Dollar Rand  Exchange rate was US$ 1 equal to R17,50   - when checking today it was R14.10,   SA is in state of crisis all the time - so what caused that rise in the comparative value of the Rand?           


BE
Beeno1Captain40,032 posts
15 May 2021, 18:24
#2
15 May 2021, 18:24#2

Rise in commodity prices has helped SA. International investors looking for yield have come into SA market. Moz will give you a fuller picture Mike.

Some think now is the time to buy overseas assets due to very strong Rand. I wonder if a crash is coming?



CL
clevermikeCoach57,555 posts
15 May 2021, 20:34
#3
15 May 2021, 20:34#3

Noted = but I would like to hear what Mozart says, 

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