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Hi everyone quick question.
Would it be a bad idea to convert Rand to dollar to invest in the US markets now considering its around R18.20 to the dollar.
assuming it goes back down to around R14/15 would it be a big loss on say R10 000?
My reason to do it now is because of the price of some great blue chip stocks at the moment.
 

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Ignoring additional costs of transferring money, if the Rand drops from R18.40 to R15.40 it is a loss of -16.67%.

 

If your blue chips are going to grow by more than that in the short term it may be worth it. If it is long term and regular monthly/quarterly investments I personally wouldn't worry about it.


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