Here’s what R100 buys you around the world right now
The rand is currently enjoying one of its longest winning streaks since 2002, with the currency trading at R12.37 to the dollar on Monday, 8 January.
Notably it has been on the front foot since December, supported by investors’ hopes that the newly elected leader of the ruling ANC, Cyril Ramaphosa, would push through business-friendly policies.
However, a Reuters poll held on Friday (5 January) found that the run is likely to end soon, with technical indicators now suggesting the rand is overbought.
There are also doubts about how much Ramaphosa, a promised reformer, can do for South Africa’s ailing economy, with the polled strategists saying that the rand is likely to weaken by as much as 12% by the end of 2018.
This means that those looking to travel internationally may find that they will be getting the best bang for their buck right now. BusinessTech looked at what R100 can get you at current prices around the world:
- UK: £5.96
- USA: $8.08
- Australia: AU$10.30
- Germany: €6.73
- Brazil: R$26.1
- China: 52.36 Yuan
- Dubai: 29.67 dirham
- Canada: C$10.03
- Thailand: 263.15 Baht
The prices below are not meant to demonstrate purchasing power parity and do not serve as an equal-weighted price comparison – it is simply a guide on how South African travellers should budget, should they want to engage in ‘leisure’ activities while touring.
| Country | Big Mac meal (or equivalent) | Cappuccino | Beer in pub (500 ml) | 1 Movie Ticket | Petrol (1 litre) |
|---|---|---|---|---|---|
| London/UK | £5.98 R100.30 |
£3.22 R54.01 |
£5.04 R84.53 |
£12 R201.26 |
£1.21 R20.29 |
| New York/US | $7.00 R86.86 |
$4.83 R59.82 |
$7.00 R86.69 |
$15.50 R191.96 |
$0.73 R9.04 |
| Sydney/Australia | AU$11.00 R106.74 |
AU$4.25 R41.25 |
AU$8.00 R77.63 |
AU$20.50 R198.93 |
AU$1.36 R13.20 |
| Berlin/Germany | €7.00 R104.08 |
€2.96 R44.01 |
€3.23 R33.16 |
€9.50 R141.25 |
€1.36 R20.22 |
| Shanghai/China | y36.00 R68.68 |
y35.00 R66.77 |
y46.00 R87.76 |
y71.50 R136.41 |
y7.00 R13.35 |
| Dubai/UAE | d25.00 R84.26 |
d20.00 R67.41 |
d46.00 R155.04 |
d38.00 R128.08 |
d1.89 R6.37 |
| Montreal/Canada | C$10.00 R99.63 |
C$4.35 R43.34 |
C$7.00 R69.74 |
C$13.00 R129.52 |
C$1.20 R11.96 |
| Bangkok/Thailand | b174.00 R66.77 |
b126.00 R48.35 |
b111.00 R42.59 |
b196.50 R75.40 |
b30.00 R11.51 |
| Rio/Brazil | R$26.00 R99.62 |
R$8.00 R30.65 |
R$12.00 R45.98 |
R$27.00 R103.45 |
R$4.10 R15.71 |
| Johannesburg/South Africa | R57.00 | R27.00 | R25.00 | R64.50 | R14.20 |
Read: Here’s what the rand could be worth at the end of 2018
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