PRICES AND EXCHANGE RATES
How will the exchange rate between South African currency and the US$ affect GS Custom Bullet prices?
GS Custom now manufacture bullets in the USA . The exchange rate will therefore be of concern to other regions, until we start manufacturing there.
Since our previous graph of the US$:SA Rand exchange rate on the 12th of July
2006 when the rand was trading against the US$ in a range of 1$:R 6.50 to 7.50
up to the 31st of January 2008, very little price fluctuation due to exchange
rate occurred over this lengthy period.
During the period 1 February 2008 to 22 September 2008 the exchange rate between the rand and the US dollar stepped up and fluctuated between 1$:R 7.50 to 8.00.
Thereafter the rand weakened sharply to reach 1$:R11.15 on 27 October 2008 and then gained strength again up to the current level on 13 February 2009 of 1$:R 9.95 as shown on the graph below.
The SA Rand has steadily followed a weakening trend against major currencies, making our bullets more and more price competitive.
And this little bit holds as much water as ever before:
One of our leading economists said: "Trying to project the exact path of the Rand in coming years is clearly not simple. Many forces will have a say, much of it currently still uncertain."
GS Custom Bullets, situated in Port Elizabeth on the East Coast of South Africa, manufactures solid copper, turned, monolithic bullets for hunting and sport shooting. These bullets are used by hunters on several continents, hunting from the smallest of antelope to the largest of dangerous game, using the smooth HP bullet, as well as the more popular HV, FN and SP bullets with the patented drive band concept. GSC bullets are configured for the highest possible ballistic coefficients. SP bullets are mainly used for sport shooting. All GS Custom Bullets are coated.