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CAD to ZAR 2025 Forecasts

Analysis of recent loonie → rand forecasts for 2025. We collate forecasts from respected FX analysts together with the latest Canadian dollar to South African rand performance and trends.

 

The Canadian dollar (CAD) has recently faced downward pressure against the South African rand (ZAR), trading at 12.38, which is 2.4% below its three-month average of 12.68. Analysts attribute this decline to several factors influencing the CAD's performance, including expectations of a rate cut from the Bank of Canada (BoC) amid lackluster economic indicators and volatility in oil prices. As a commodity-linked currency, the CAD often reflects trends in oil, which recently traded at $61.29—8.5% below its three-month average, indicating a significant decline that may further weaken the Canadian dollar as investors seek better returns elsewhere.

Recent developments also suggest that trade policy uncertainties, particularly rising trade deficits, have contributed to the CAD’s volatility. With Canada's trade deficit widening unexpectedly and ongoing geopolitical tensions, the loonie remains vulnerable as traders react to the evolving economic landscape. Moreover, forthcoming employment data could play a crucial role in determining short-term CAD trajectories, with forecasts suggesting a slight rise in the unemployment rate.

Conversely, the ZAR has shown relative stability, boosted primarily by a rally in gold prices, which have strengthened many emerging market currencies. Recent data indicated that the rand is trading at 17.17 against the U.S. dollar, supported by a favorable global risk environment and upcoming manufacturing output figures. Additionally, South Africa's initiative to diversify funding sources and discussions around lowering inflation targets are contributing positively to the rand's outlook.

In the broader context, the CAD/ZAR exchange rate dynamic reflects the interdependence between commodity prices, interest rate differentials, and economic fundamentals. As geopolitical developments continue to unfold, market participants should stay attentive to how these factors may evolve, influencing both the CAD and ZAR in the coming weeks.

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 =
12.38We compare provider deals to this wholesale mid-market rate. Read more
ZAR
1d+0.3%
CAD to ZAR at 12.38 is 2.4% below its 3-month average of 12.68, having traded in a relatively stable 7.2% range from 12.28 to 13.16
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  1 ZAR = 0.080754 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
03 Oct 2025
12.33
0.2% 2 Week
19 Jul 2025
12.90
4.2% 3 Month
17 Oct 2024
12.80
3.4% 1 Year
18 Oct 2020
12.53
1.4% 5 Year
20 Oct 2015
10.22
20.9% 10 Year
22 Oct 2005
5.5880
121.2% 20 Year
CAD/ZAR historic rates & change to 17-Oct-2025

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