We've done the maths and your overseas trip just got WAY more expensive
February's Ramaphoria seems very far away after the price of an ordinary hotel room and a modest meal went through the roof in September
05 September 2018 - 10:47
At time of writing, the rand was trading at R15.58 to the US dollar, at R19.99 to the UK pound and at R18.08 to the Euro.
This compares with R11.50 to the US dollar, R16.37 to the pound and R14.12 to the Euro at the height of 'Ramaphoria' back in February. The effect on accommodation and food abroad has been dramatic. We priced an ordinary meal and a standard Holiday Inn room in New York, London and Paris to illustrate just how much the price has gone up...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.