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Commentary From the Trading Desk.
January proved to be a month of both ups and downs for the premium. A high Net Return of 2.14% was achieved, while the average last month was just over 1%. Despite challenges with the ZAR, the trading desk was pleased with these numbers.
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Economic data in the U.S. as well as in RSA has always been a factor in how the premium fluctuates, and January was no exception. U.S. interest rates remained unchanged, while the SARB cut rates by 0.25%. The ZAR showed strong momentum heading into February but was disrupted by positive U.S. data (jobs data & interest rate decision) and local uncertainty due to Eskom.
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With 11 months ahead, we believe the premium will expand, presenting many opportunities to capitalize on. In 2024, the first three months produced some of the highest average gross returns, and while January didn’t quite reflect this in 2025, we anticipate a strong February and March.
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RMB Channel Temporarily Paused
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Our RMB channel has been a game-changer in the South African crypto arbitrage space, driving efficiency and high trading volumes.
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However, as the industry evolves, our rapid adoption has led to discussions with strategic partners to ensure continued alignment and seamless operations. To prioritize the long-term sustainability of this offering, we have decided to pause the RMB channel temporarily while we address these considerations. We appreciate your support and will provide updates as we navigate this process.
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Continue Trading Via Capitec
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We require your permission to proceed with trading. Please reply to this email to confirm whether you would like us to proceed via the Capitec channel. Alternatively, you can submit a support ticket from your dashboard.
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AIT Client Update – Keeping You Informed
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Here are some important updates from our AIT team:
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- Dedicated Support Team – AIT is made up of a dedicated team of five members. You can reach them directly at fia@currencyhub.co.za or 0213003178.
- Application Tracking – You can now view your pending applications directly on your CURRENCY HUB dashboard.
- SARS Processing Time – Please note that SARS takes 21 working days to approve applications (excl weekends and public holidays)
- Stay Compliant – Familiarize yourself with SARS tax deadlines to ensure compliance, as this may impact both your trading and application approvals.
- Upcoming Changes – Keep an eye out for a new Assets and Liabilities form in the coming weeks, designed to accommodate 2025 requirements.
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Rate Our Service
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We'd want your feedback (good & bad), by making it public and leaving a Google Review!
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Referral Program
Earn 5% - 20% of our profits
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For more info follow the link below and aim for our "Whale Referral Program".
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Join our Telegram / WhatsApp Group
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Please join our Telegram and/or WhatsApp group. The purpose of these social media groups is exclusively for broadcasting news about the Premium and related market conditions.
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Thanks for your continued support.
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