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Monday, February 4, 2008

US Dollar Strong vs South African Rand

Recently there was a report in another hunting publication regarding the sinking value of the US dollar vs. other currencies and the effect it has on the price of hunting. While the report was accurate regarding the Canadian Dolar, Australian Dollar and others. It was not accurate in it's discussion of the South African Rand and it's relationship to the US Dollar. The US Dollar is holding strong and is actually rising against the SA Rand!
As I write this the South African Rand is trading at 7.44 Rand per 1 US Dollar that is a better rate than it has been over the past 3 years!
In January of 2005 the dollar was trading at 5.6 Rand to 1 US Dollar there has been an increase in the US Dollar's value of almost two SA Rand (almost 30%) since then. The dollar is nearing it's 3 year high of 7.97 rand. See this detailed chart. And look at this one:

What does all this mean for the average American hunter? It means that this is an excellent time to hunt in South Africa or Namibia (the Namibian dollar is tied to the SA Rand) because the dollar is worth more in South Africa than it has been in the past three years and is approaching it's 5 year high of 8.02 Rand per US dollar.

Since 2006 most of our hunt package prices have remained the same. A couple of them went up a bit to cover rising fuel prices but trophy fees and daily rates have remained stable and the cost of incidentals, souvenirs, and other things you may buy while on safari are still very low.

When you compare African safari prices to other hunts in other countries it is still the "best bang for the buck" no doubt about it.

The bottom line? It's a GREAT time to go on safari in Africa!

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