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EUR to ZAR 2025 Forecasts

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

 

The recent exchange rates between the euro (EUR) and the South African rand (ZAR) reflect a complex interplay of domestic and international factors. Currently, the EUR to ZAR rate stands at 20.07, which is 1.8% below its three-month average of 20.43. This slight depreciation indicates a relatively stable trading range, oscillating between 19.91 and 21.03 over recent weeks.

Analysts have noted that the euro's stability has been supported by an uplift in German business sentiment, as evidenced by a rise in the IFO business climate index, exceeding expectations. This positive outlook in the manufacturing sector is crucial, particularly as other economic indicators point towards slower growth within the Eurozone, highlighted by a recent dip in the Composite Purchasing Managers' Index (PMI) to 49.7 in October. The European Central Bank's (ECB) monetary policy will be pivotal in determining the euro’s performance moving forward, especially in light of inflationary pressures and the ongoing geopolitical tensions related to the war in Ukraine.

On the other hand, the South African rand is facing external pressures from factors such as fluctuating global commodity prices and geopolitical tensions, notably the ongoing strains between the US and China. As a significant gold producer, South Africa’s economy benefits from rising gold prices; however, a recent unexpected drop in domestic inflation to 3.3% raises speculation about potential interest rate cuts from the South African Reserve Bank (SARB). The SARB's decision to maintain its key interest rate at 7% has also impacted the ZAR's valuation.

The interplay of these factors means the ZAR remains sensitive to global risk sentiment, which can dramatically influence its strength. For instance, if commodity prices rise, the rand could see support; however, an increase in uncertainties could lead to further depreciation. The recent volatility in oil prices, trading at 65.62 USD, a 1.4% decline from the three-month average, further suggests that fluctuations in oil will also impact the exchange rates, as oil prices play a significant role in the economic landscape of both Europe and South Africa.

Looking ahead, economists emphasize the importance of monitoring both the ECB's policy direction and the ongoing global economic landscape. As these factors continue to evolve, businesses and individuals engaging in international transactions should remain vigilant, as shifts in the EUR/ZAR exchange rate could present opportunities for more favorable outcomes.

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 =
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ZAR
14dLows
1d+0.2%
EUR to ZAR at 20.07 is 1.8% below its 3-month average of 20.43, having traded in a quite stable 5.6% range from 19.91 to 21.03
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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.

DateEUR/ZARChangePeriod
14 Oct 2025
20.18
0.5% 2 Week
30 Jul 2025
20.56
2.3% 3 Month
28 Oct 2024
19.15
4.9% 1 Year
29 Oct 2020
19.13
5% 5 Year
31 Oct 2015
15.22
31.9% 10 Year
02 Nov 2005
8.0255
150.2% 20 Year
EUR/ZAR historic rates & change to 28-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 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