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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.

 

Bias: Bearish-to-range-bound, as the CAD is currently below the 90-day average and in the lower half of the 3-month range.

Key drivers:

  • Rate gap: The Bank of Canada recently cut interest rates to support growth, while the South African Reserve Bank has shifted to a more accommodative policy, benefiting the ZAR.
  • Risk/commodities: The recent increase in oil prices could support the CAD; however, it remains volatile, often reflecting broader market trends.
  • One macro factor: The Canadian unemployment rate has risen, creating concerns about economic growth that may further pressure the CAD.

Range: CAD/ZAR is likely to drift within its recent range as it adjusts to economic conditions in both Canada and South Africa, testing either edge intermittently.

What could change it:

  • Upside risk: A significant rebound in oil prices could strengthen the CAD.
  • Downside risk: Continued increases in Canadian unemployment or further tariffs on Canadian exports could weigh on the CAD.

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 =
11.85We compare provider deals to this wholesale mid-market rate. Read more
ZAR
1d+0.3%▲
 
CAD to ZAR at 11.81 is 3.0% below its 3-month average of 12.17, having traded in a quite stable 5.8% range from 11.76 to 12.44
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Tracker

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  1 ZAR = 0.084397 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.

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