Help with LUNO

[Smooth_Red]

SO why is luno showing the USD value alt 8300$ while ZAR is R111 000, which is a 10k difference? Is there any other exchange in SA, that isn't like this? Please help

 

[Gingervitus]

Its called Arbitrage and is the effect of supply and demand in our country. You can circumvent this by buying overseas and if you get the margins right you might even sell it on Luno for a profit thus lowering the prices on Luno and closing the price gap.