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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 pair is currently bearish-to-range-bound, as it is trading below the 90-day average and within the lower half of the 3-month range.

Key drivers:

  • Rate gap: The European Central Bank's cautious monetary stance contrasts with the South African Reserve Bank's recent interest rate cut, which is supportive of ZAR appreciation.
  • Risk/commodities: With oil prices above their recent average, there is potential for ZAR volatility, as higher oil prices can impact South Africa's import bill and its currency's health.
  • One macro factor: The improving economic conditions in South Africa, reflected in rising investments and confidence in rand-denominated bonds, bolster the ZAR's position.

Range: The EUR/ZAR is likely to drift within its recent range, with limited movement expected as traders weigh economic data from both regions.

What could change it:

  • Upside risk: An unexpected rebound in Eurozone economic data could boost EUR demand significantly.
  • Downside risk: A further decline in global risk appetite could lead to increased selling pressure on emerging market currencies like the ZAR.

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 =
19.32We compare provider deals to this wholesale mid-market rate. Read more
ZAR
1d+0.1%▲
 
EUR to ZAR at 19.09 is 3.1% below its 3-month average of 19.7, having traded in a relatively stable 6.6% range from 18.96 to 20.21
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  1 ZAR = 0.051763 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