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CAD to ZAR 2026 Forecasts

Analysis of recent loonie → rand forecasts for 2026. We collate forecasts from respected FX analysts together with the latest Canadian dollar to South African rand performance and trends.

 

The market bias for the CAD to ZAR exchange rate is bearish. Key drivers include a significant interest rate differential, with the South African Reserve Bank recently lowering rates, while the Bank of Canada's policy rate remains unchanged. The rising price of Brent Crude oil could support the CAD in the longer term, but recent softness in Canadian manufacturing signals economic weakness. Additionally, South Africa's projected economic growth and a new inflation target aim to stabilize the ZAR.

In the near term, the CAD/ZAR pair is expected to trade within a slightly lower range, maintaining 90-day lows, indicating sustained weakness. Upside risks could stem from unexpected recoveries in Canadian economic data or stronger oil prices, while downside risks may arise if the South African economy outperforms expectations or if further global economic uncertainties emerge.

CAD-ZAR Rate Calculator

 
   
   
   
   
 
   
 
 

CAD to ZAR Market Data

Canadian dollar (CAD) to South African rand (ZAR) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell CAD   →   Buy ZAR
1 CAD =
11.89We compare provider deals to this wholesale mid-market rate. Read more
ZAR
1d−0.4%▼
90dLows◒
CAD to ZAR is at 90-day lows near 11.84, 3.3% below its 3-month average of 12.24, having traded in a quite stable 5.5% range from 11.84 to 12.49
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  1 ZAR = 0.084081 CAD

Compare & Save - Canadian dollar to South African rand

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to South African rand (ZAR) rates from different sources before making a conversion.

Use our CAD to ZAR calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Loonie to Rand currency rates and the possible savings of using various providers.

 
 

Will the Canadian dollar rise against the South African rand?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Canadian dollar vs South African rand current value is to look the CAD/ZAR historic rate and change over a range of periods.

The following table looks at the change in the CAD to ZAR exchange rate over periods from the previous week back to the last 10 years.

DateCAD/ZARChangePeriod
24 Dec 2025
12.19
2.9% ▼2 Week
09 Oct 2025
12.27
3.5% ▼3 Month
07 Jan 2025
13.02
9.1% ▼1 Year
08 Jan 2021
12.06
1.8% ▼5 Year
10 Jan 2016
11.50
3% ▲10 Year
12 Jan 2006
5.2084
127.3% ▲20 Year
CAD/ZAR historic rates & change to 07-Jan-2026

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add CAD/ZAR to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more