DMD EDU-HOME

home contact

WELCOME TO THIS PAGE INTENDED FOR STUDENTS AT THE UNIVERSITY OF THE WESTERN CAPE REGISTERED IN 2010 FOR THE MODULE:

QSF 132

T1 W2 L2

WHAT WAS the RAND/US DOLLAR EXCHANGE RATE ON MON 19 JULY 2010? (R7.54/US $ ?)
WHAT WAS THE *SA REPO-RATE on MON 19 JULY 2010? (6.5%)
WHY IS IT IMPOSSIBLE TO CLAIM THAT BECAUSE YOU “FORGOT TO PUT IN THE COMMA (POINT)” INTO AN AMOUNT ON A CHEQUE OF R1000, A 100 TIMES LARGER AMOUNT (R100 000) WAS PAID OUT IN STEAD (CF. “SATV SOAPIE ‘GENERATIONS, 13 JULY 2010)

*The rate at which the SA Reserve Bank lends money to banks.

FROM DSTV HOME CHANNEL : SUNDAY 18 JULY 2010

60% of the total property value in South Africa is bonded with banks.

Why is the average bond on South African property more than 60% of the bonded property value.

ANSWER: Some of the SA properties have small or no bonds on it. In other words, some properties have been bought for cash.

CR, p. 36

CR, p. 44

3. PROBLEM FORMULATING SKILLS : A 3

The following table was taken from: http://www.resbank.co.za/sarbdata/rates/rates.asp?type=cmr, downloaded 19 July 2010 at 14h30.

Current Market Rates

Money Market Rates
Indicator	2010-07-09 Fri	2010-07-12 Mon	2010-07-13 Tue	2010-07-14 Wed	2010-07-15 Thu	2010-07-16 Fri	2010-07-19 Mon
Repo rate	6.50	6.50	6.50	6.50	6.50	6.50	6.50
Marginal lending rate	11.50	11.50	11.50	11.50	11.50	11.50
SABOR(5)	6.26	6.26	6.26	6.25	6.27	6.26
Overnight FX rate(5)	6.53	6.55	6.52	6.48	6.62	6.60
Bankers' acceptance - 3 months	6.48	6.46	6.45	6.45	6.45	6.44
Treasury bills - 91 day (tender rates)	6.46	6.46	6.46	6.46	6.46	6.45
Treasury bills - 182 day (tender rates)	6.42	6.42	6.42	6.42	6.42	6.35
Treasury bills - 273 day (tender rates)	6.47	6.47	6.47	6.47	6.47	6.39
NCD's - 3 months (closing rates)(4)	6.59	6.55	6.55	6.55	6.55	6.55
NCD's - 6 months (closing rates)(4)	6.76	6.76	6.76	6.73	6.75	6.70
NCD's - 12 months (closing rates)(4)	7.13	7.13	7.11	7.10	7.13	7.07
Jibar - 3 months	6.59	6.58	6.57	6.57	6.57	6.55
Prime overdraft rate (predominant rate)	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Capital Market Rates
Indicator	2010-07-09 Fri	2010-07-12 Mon	2010-07-13 Tue	2010-07-14 Wed	2010-07-15 Thu	2010-07-16 Fri	2010-07-19 Mon
13,5% 2015 (R157) (closing yieds)	7.73	7.69	7.65	7.71	7.76	7.73
10,5% 2026 (R186) (closing yields)	8.80	8.77	8.79	8.86	8.92	8.89
3-5 years (daily average bond yields)(1)	7.62	7.57	7.55	7.55	7.61	7.67
5-10 years (daily average bond yields)(1)	7.76	7.71	7.68	7.67	7.72	7.75
10 years and longer (daily average bond yields)(1)	8.83	8.79	8.79	8.80	8.87	8.91

Exchange rates
Indicator	2010-07-09 Fri	2010-07-12 Mon	2010-07-13 Tue	2010-07-14 Wed	2010-07-15 Thu	2010-07-16 Fri	2010-07-19 Mon
Nominal effective exchange rate(2)	74.32	74.29	74.37	74.56	74.27	73.61	73.07
Rand per US Dollar(3)	R7.5659	R7.6119	R7.6114	R7.5297	R7.5406	R7.5620	R7.6198
Rand per British Pound(3)	R11.4911	R11.4023	R11.4212	R11.4983	R11.5496	R11.6511	R11.6712
Rand per Euro(3)	R9.6072	R9.5777	R9.5416	R9.5880	R9.6324	R9.7761	R9.8806
Rand per Japanese Yen(3)	R0.0855	R0.0856	R0.0860	R0.0847	R0.0857	R0.0868	R0.0877

London gold price per fine ounce (average of the day's am and pm price fixings)
Indicator	2010-07-09 Fri	2010-07-12 Mon	2010-07-13 Tue	2010-07-14 Wed	2010-07-15 Thu	2010-07-16 Fri	2010-07-19 Mon
US Dollar	$1202.50	$1204.63	$1211.25	$1209.63	$1209.88	$1197.00	$0.00
Rand	R9089.19	R9139.80	R9127.73	R9136.14	R9131.13	R9040.79	R0.00

JSE Limited (JSE) website http://www.jse.co.za

Footnotes
1) Source: JSE Limited
2) The weighted average exchange rate of the rand is based on trade between South Africa and its fifteen most important trading partners. Index: 2000=100. (See Article in December 2008 Quarterly Bulletin for various weights)
3) Weighted average of the banks' daily rates at approximately 10:30am.
4) As from 1 April 2004, the rate reflected related to negotiable certificates of deposit (NCD's) (instead of promissory notes)
5) Replacing the Saonia+, Saonia, Forex Forwards and carry rate from 27 March 2007.

All rights reserved. Designed and created by Desmond Desai, South Africa. This page is protected by Copyright. No part of this page may be reproduced, stored in a retrieval system, or transmitted in any form of by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of the copyright holder.