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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.

 

The EUR/ZAR market bias is currently bearish, with the euro facing downward pressure.

Key drivers include:

  • The interest rate differential is shifting as South Africa's Reserve Bank has recently cut rates, while the European Central Bank maintains a cautious stance on the euro's strength to control inflation.
  • Economic growth forecasts for South Africa are cautiously improving, driven by better energy supplies and infrastructure, which supports the rand.
  • The eurozone has higher growth prospects, but ongoing geopolitical tensions and inflation concerns make it vulnerable.

In the near term, the trading range is expected to remain stable, oscillating within recent levels. Upside risks may arise from improvements in Eurozone consumer confidence or a resolution of geopolitical tensions, while downside risks could stem from worsening inflation or unexpected economic slowdowns in major EU economies.

Recent price data shows the EUR/ZAR is at cyclical lows near 19.44, significantly below its average, indicating possible volatility ahead as traders react to macroeconomic indicators.

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 =
19.47We compare provider deals to this wholesale mid-market rate. Read more
ZAR
1d−0.3%▼
90dLows◒
EUR to ZAR is at 90-day lows near 19.44, 2.4% below its 3-month average of 19.91, having traded in a quite stable 4.6% range from 19.44 to 20.34
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  1 ZAR = 0.051372 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.

DateEUR/ZARChangePeriod
18 Dec 2025
19.62
0.9% ▼2 Week
03 Oct 2025
20.22
3.9% ▼3 Month
01 Jan 2025
19.52
0.4% ▼1 Year
02 Jan 2021
17.79
9.3% ▲5 Year
04 Jan 2016
16.83
15.5% ▲10 Year
06 Jan 2006
7.4520
160.9% ▲20 Year
EUR/ZAR historic rates & change to 01-Jan-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 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