ZA2009 Archive October 2008

Exchange Rate Fluctuations

The USDZAR exchange rate has been moving quickly in response to the worldwide financial crisis. The graphic below shows the exchange rate over the last year.

history

The spike at the end (indicating a strong U.S. dollar relative to the South African Rand) is favorable to us, as we'll be receiving some U.S. dollars during the sabbatical year.

--Matt