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CAD to ZAR Rates - 2026 Forecast

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.

 

CAD/ZAR Outlook:

The CAD/ZAR exchange rate is currently below its recent average and near the lower end of its 3-month range. Recent fluctuations in oil prices are weighing on the Canadian dollar, making a recovery challenging.

Key drivers:

• Rate gap: The Bank of Canada is maintaining higher interest rates compared to the South African Reserve Bank, which has recently lowered its rates, putting the CAD at an advantage.

• Risk/commodities: With oil prices currently at 7-day lows and significantly above their 3-month average, weaker crude prices negatively impact the commodity-linked CAD.

• Political developments: Political instability in South Africa is eroding investor confidence, adding uncertainty to the rand's performance despite some positive movements in gold prices.

Range:

Expect CAD/ZAR to remain stable, potentially drifting within its recent range as both currencies face respective pressures.

What could change it:

• Upside risk: A significant rebound in oil prices could support the CAD and strengthen its position.

• Downside risk: Any further political instability in South Africa could lead to increased volatility for the rand, impacting the CAD/ZAR rate.

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 =
11.67We compare provider deals to this wholesale mid-market rate. Read more
ZAR
1d+0.4%▲
90dLows◒
CAD to ZAR at 11.65 is 2.3% below its 3-month average of 11.93, having traded in a relatively stable 6.2% range from 11.60 to 12.32
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  1 ZAR = 0.085673 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
13 Feb 2026
11.72
0.7% ▼2 Week
29 Nov 2025
12.23
4.8% ▼3 Month
27 Feb 2025
12.78
8.9% ▼1 Year
28 Feb 2021
11.85
1.8% ▼5 Year
01 Mar 2016
11.67
0.3% ▼10 Year
04 Mar 2006
5.4242
114.6% ▲20 Year
CAD/ZAR historic rates & change to 27-Feb-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