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Currency Transfers South Africa

Foreign Exchange We help you with all your Currency Transfer needs, into or out of South Africa.

If you are looking for the best support, a superior service, a knowledge of Exchange Control, extremely competitive rates and no administration fees for your currency transfer then look no further than Incompass Forex.

26/11/2013

We'll be seeing SA's GDP figure at this morning, the expectation being 1.2%. Due in main to the effects of strike action that impacted growth in the Automotive industry. Our Rand gained yesterday in late trading. Below see indicative foreign exchange rates from earlier today courtesy of Investec Bank.

14/11/2013

Janet Yellen has made no public comments since her nomination for Federal Reserve Chairman. At last night's Fed meeting, however, she read a prepared statement... she is in support of the continuation of the QE program and the US economy still has a way to go to achieve satisfactory stability. Not expected in many quarters. Below see indicative foreign exchange rates from earlier today courtesy of Investec Bank.

04/11/2013

The euro struggled against the dollar on Friday as investors expect the European Central Bank will lower interest rates this week following weak economic data out of the euro zone; the US Federal Reserve, however, says it sees economic improvement. Our rand weakened significantly. Below see indicative foreign exchange rates from earlier today courtesy of Investec Bank.

29/10/2013

South Africa's unemployment rate fell to 24.7% between July and September, from 25.6% in the 2nd quarter. (Economists had expected the rate to increase to 25.8%). However, the economy is not growing fast enough to recover from the one million job losses during the recession. This afternoon we'll see the US Retail Sales and Producer Price Inflation numbers. Below see indicative foreign exchange rates from earlier today courtesy of Investec Bank.

23/10/2013

2 PM today sees Finance Minister Pravin Gordhan deliver his Medium Term Budget to Parliament. Confidence in our economy and fiscal health for South Africans and the international community, including investors and rating agencies alike is required. Fiscal discipline and the usual reassurances are expected. Below see indicative foreign exchange rates from earlier today courtesy of Investec Bank.

22/10/2013

A weaker USD follows the Government shutdown and the Euro extended gains against the dollar and reached an 8 month high. Today we'll see the delayed US jobs data. Tomorrow Finance Minister Pravin Gordhan's mid-term budget address is due. Below see indicative foreign exchange rates from earlier today courtesy of Investec Bank.

17/10/2013

The US government shutdown ended last night as a last minute deal to move the debt issue to early next year was reached. We can expect some back-dated data which had been unavailable. Risk-off sentiment has reduced giving our Rand support. Tapering of QE and the debt ceiling will be considered under the leadership of Janet Yellen in early 2014. Below see indicative foreign exchange rates from earlier today courtesy of Investec Bank.

16/10/2013

One day until the US could default on its debts if no deal is reached. Credit agencies have put the US on a negative rating watch, threatening to downgrade their AAA rating if there is a default. The European Central Bank is considering conditions for Stress-Tests on its major banks. Our Retail Sales figure is out today for September. Below see indicative foreign exchange rates from earlier today courtesy of Investec Bank.

15/10/2013

Markets are optimistic that there be an end to the US shutdown tonight and move the debt-ceiling to February 2014. Our Rand has done well under the pressure of the last 2 weeks. Today, German business confidence and on Friday the Chinese GDP make up the only other significant news this week. Below see indicative foreign exchange rates from earlier today courtesy of Investec Bank.

10/10/2013

Although a resolution is not expected today, US President Barack Obama invited representatives of the Republican Party to a meeting this afternoon. Result; the USD has strengthened, with the rand remaining stable against the dollar but strengthening against EUR & GBP. Last night's US Fed meeting minutes release confirmed most members expect tapering to begin before the year end. Below see indicative foreign exchange rates from earlier today courtesy of Investec Bank.

09/10/2013

Our Rand defied the odds and, joining emerging market peers, rallied to a low of 9.91/$. Emerging markets were spurred by Barack Obama's nomination of Janet Yellen as head of the US Federal Reserve and that Fed tapering may be delayed. Today sees the release of the US Federal Reserve's Meeting Minutes from their recent policy meeting. Below see indicative foreign exchange rates from earlier today courtesy of Investec Bank.

07/10/2013

Markets are quiet and with no resolution in sight for the US Government shutdown this is a surprise, but as the October 17th debt ceiling deadline looms, markets should begin to take note. On Wednesday the release of US Fed's minutes from Sept 18th meeting could note a possible start date to tapering. Below see indicative foreign exchange rates from earlier today courtesy of Investec Bank.

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