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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 likely to decrease as it currently trades significantly below its recent average and is near recent lows. The impact of declining oil prices is putting further pressure on the Canadian dollar.

Key drivers:

• Rate gap: The Bank of Canada has maintained higher interest rates compared to the South African Reserve Bank, which has reduced rates to boost growth, placing downward pressure on the CAD.

• Risk/commodities: Oil prices are currently above average, but recent easing trends could affect the CAD negatively, given that Canada heavily relies on oil exports.

• One macro factor: Recent political instability in South Africa is affecting the rand's stability, but rising gold prices provide some support by bolstering export incomes.

Range:

Expect the CAD/ZAR pair to drift within the recent range as it tests the lower end of trading levels.

What could change it:

• Upside risk: A significant rise in oil prices could support a recovery in the CAD.

• Downside risk: Continued political instability in South Africa could lead to further depreciation of the rand.

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−0.5%▼
90dLows◒
CAD to ZAR is at 90-day lows near 11.59, 2.9% below its 3-month average of 11.94, having traded in a relatively stable 6.3% range from 11.59 to 12.32
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  1 ZAR = 0.085690 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
12 Feb 2026
11.73
1.1% ▼2 Week
28 Nov 2025
12.24
5.2% ▼3 Month
26 Feb 2025
12.84
9.7% ▼1 Year
27 Feb 2021
11.87
2.3% ▼5 Year
29 Feb 2016
11.77
1.4% ▼10 Year
03 Mar 2006
5.4361
113.4% ▲20 Year
CAD/ZAR historic rates & change to 26-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