The lowest price for tickets at the 2010 World Cup has been fixed at R140.

This was announced on Tuesday by the chairman of the 2010 Local Organising Committee, Irvin Khoza after the monthly LOC board meeting held at SAFA House, south of Johannesburg.

Khoza said: “We agreed on an exchange rate of R7 to one US dollar. We realise that the dollar rate of exchange will fluctuate between now and 2010. That means the LOC will bear the cost if the exchange rate goes above R7 to the dollar. The rate of exchange will be in force for next June’s Confederations Cup as well.”

Tickets for the Confederations Cup which will run from June 14 to 28 will be on sale on November 23 – the day after the draw for the competition, which is used as a dress rehearsal for the World Cup finals. The draw will be made in Johannesburg.

Tickets for the World Cup finals will go on sale in January 2009.

The Confederations Cup boasts, world champions Italy, South Africa as hosts and the six continental champions, Spain, Egypt, United States, Brazil, New Zealand and Iraq.

Fifa secretary-general Jerome Valcke said that while the World Cup promoted itself, a lot of work was needed to promote the Confederations Cup.