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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.

     

    Forecasts for EUR to ZAR

     

    Recent analyses indicate a mixed outlook for the EUR to ZAR exchange rate, primarily influenced by macroeconomic factors, geopolitical developments, and central bank policies. Currently, the EUR is trading at approximately 20.20 ZAR, which is about 0.6% below its three-month average of 20.33 ZAR. This stability masks significant volatility, with the EUR/ZAR pair exhibiting a wide trading range between 19.20 and 21.75 ZAR over the past months.

    Dovish comments from European Central Bank (ECB) policymaker Martins Kazaks, suggesting the possibility of additional interest rate cuts, have weighed on the euro's strength. Analysts point out that the euro remains sensitive to monetary policy shifts, with lower interest rates typically leading to a depreciation of the currency. The ongoing conflict in Ukraine continues to cast a shadow over the Eurozone’s economic prospects, contributing to an environment of uncertainty that impacts the euro's value.

    Contrastingly, South Africa's economy is navigating challenges of its own, exacerbated by a 30% reciprocal tariff from the US and ongoing reliance on foreign investment to address budget and current account deficits. This creates a precarious situation for the South African rand, which is highly susceptible to shifts in global investor sentiment. Forecasters suggest that any uptick in risk appetite may bolster the ZAR against the EUR, while renewed concerns could exacerbate vulnerabilities in the rand.

    Meanwhile, oil prices, which are critical to both the Eurozone and South Africa's economies, have also been on a downward trend, currently sitting at 65.52 USD, approximately 4.5% below the three-month average of 68.63 USD. The volatility in oil markets—as illustrated by a trading range of 60.14 to 76.54 USD—affects the currencies in different ways. A drop in oil prices could benefit the Eurozone by easing inflation but poses a challenge for South Africa, which is reliant on commodity exports.

    Looking ahead, the trajectory of the EUR/ZAR exchange rate will hinge on a combination of ECB monetary policy decisions, the geopolitical landscape, and local economic fundamentals. Currency experts emphasize the importance of monitoring these factors closely, as they will dictate market movements and potential opportunities for individuals and businesses engaged in international transactions.

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    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 =
    20.18We compare provider deals to this wholesale mid-market rate. Read more
    ZAR
    +0.3%
    30d-lows
    EUR to ZAR at 20.20 is just 0.6% below its 3-month average of 20.33, having traded in a rather volatile 13.3% range from 19.20 to 21.75
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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.

     
    DateEUR/ZARChangePeriod
    05 May 2025
    20.66
    2.3% 2 Week
    18 Feb 2025
    19.23
    5% 3 Month
    19 May 2024
    19.75
    2.2% 1 Year
    20 May 2020
    19.68
    2.6% 5 Year
    22 May 2015
    13.08
    54.4% 10 Year
    24 May 2005
    8.2285
    145.4% 20 Year
    EUR/ZAR historic rates & change to 19-May-2025
     

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    Will the Euro rise against the South African rand?

    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.

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    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