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EUR to ZAR 2026 Forecasts

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

 

EUR/ZAR Outlook: The outlook is likely to decrease as the pair is trading near recent lows and below its average over the past three months, pressured by weak euro performance and improved ZAR dynamics.

Key drivers:

  • Rate gap: The European Central Bank is maintaining a neutral policy stance, while the South African Reserve Bank has recently cut interest rates, making the ZAR more attractive relative to the EUR.
  • Risk/commodities: Oil prices are currently above their average, which tends to support the ZAR due to its correlation with commodity prices, while the EUR struggles with heightened geopolitical risks.
  • One macro factor: South Africa's improved investor confidence is attracting global funds to rand-denominated bonds, bolstering the ZAR’s value.

Range: EUR/ZAR is expected to drift within the recent range as the pair remains stable.

What could change it:

  • Upside risk: A significant positive development in EU economic indicators or recovery from geopolitical tensions could boost the EUR.
  • Downside risk: A deterioration in South Africa’s economic conditions or a sharp drop in commodity prices could weaken the ZAR further.

EUR-ZAR Rate Calculator

 
   
   
   
   
 
   
 
 

EUR to ZAR Market Data

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

 
Sell EUR   →   Buy ZAR
1 EUR =
19.01We compare provider deals to this wholesale mid-market rate. Read more
ZAR
1d−0.4%▼
90dLows◒
EUR to ZAR is at 90-day lows near 18.96, 3.6% below its 3-month average of 19.66, having traded in a relatively stable 6.2% range from 18.96 to 20.14
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  1 ZAR = 0.052601 EUR

Compare & Save - Euro to South African rand

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

Use our EUR 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 Euro to Rand currency rates and the possible savings of using various providers.

 
 

Will the Euro 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 Euro vs South African rand current value is to look the EUR/ZAR historic rate and change over a range of periods.

The following table looks at the change in the EUR 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 EUR/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