It’s all about world opinion
THE ARTICLE IN Finweek of 15 March 2007 “Japan, here we come” refers. The strength or weakness of a country’s currency can be influenced by many technical and other factors some of which are referred to by Vic de Klerk in his article. These factors are often of shortor medium-term endurance, eg SA a few years ago. The bottom line is that a country’s currency is ultimately based on world opinion and the manner in which that country is governed. Think Zimbabwe and think UK. Which one would you rather trust and invest in? It’s as simple as that.