The State of the South African Rand
The state of the South African Rand ( and what it means for your holiday to South Africa or Namibia)
* UPDATE 26/01/2014: The South African Rand has reached a 5 year low against major international currencies
- 1 USD = ZAR 11.2
- 1 GBP = ZAR 18.6
- 1 EURO = ZAR 15.4
- 1 AUD = ZAR 9.8
Post from 19/08/2013:
As patriotic South Africans, we never like to see the devaluation of our currency. Unfortunately, the stark reality of our economic outlook and internal challenges we are facing as a country, means that the South African Rand is on a slippery slope.
Whist this may be doom and gloom for some; the good news is that those looking to travel to South Africa or Namibia will benefit. As the South African rand devalues against major international currencies, so the relative price of a holiday to South Africa decreases (The Nambian Dollar is linked to the South African Rand at 1:1 - so a holiday to Namibia follows suit). Fortunately for our clients that originate in the United Kingdom, United States or Australia - those are the countries that have seen some of the greatest strengthening against the Rand. As we are a South African based company, we invoice our South African and Namibian travel services in Rand - what this means for you is as the Rand devalues, your holiday becomes cheaper.
The ZAR has recently had a significant devaluation ( over 15% in the last 4 months against the USD) - so effectively you are getting all of travel to South Africa and Namibia on a 15% discount!! ( not too many other travel destinations can offer such a bargain)
We are busy booking travel to South Africa for the peak seasons ( travel between November 2013 to March 2014) - so there is no better time to take advantage of this current scenario. Chat to us if you dream of visiting (or revisiting) these regions and want to take advantage of this phenomenon