ZAR/USD
The ZAR/USD exchange rate can be your friend
Get 100% Exchange rate hedge (USD/ZAR)
The ZAR performance against the USD has continually weakened over the last 25 years, and this trend is expected to continue. Historical performance is the best indicator of future performance:
Investing offshore in a hard currency (such as US dollar) will increase your return in rands by default, purely because the rand is continually weakening against the dollar. Experts predict there is little hope for the rand to strengthen.
Your rand is worth less every year.
Let’s say you earned a salary of R50,000 per month for the past 20 years. This is what you would have earned in dollars every month in 2012, 2017 & 2022:
Let’s say you had a $1000 salary / income / return per month for the past 20 years. This is what it would have been worth in 2012, 2017 & 2022:
“Moving money offshore is generally used to hedge against local political unrest and a struggling economy” – Moneyweb
From: https://www.moneyweb.co.za/financial-advisor-views/think-offshore-investing/