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NZD to ZAR 2025 Forecasts

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

 

The New Zealand dollar (NZD) has exhibited muted performance recently, failing to capitalize on a general risk-on market sentiment that has benefited some other currencies. According to analysts, recent consumer confidence data from New Zealand may play a crucial role in influencing the NZD's trajectory moving forward. Nevertheless, risk appetite within the markets remains a significant factor that could define NZD's strength in the near term.

Recent geopolitical developments, particularly concerning potential new tariffs under a possible Trump presidency, pose additional risks for the NZD. Increased tariffs on key trading partners like Europe and China could dampen demand for New Zealand's essential commodities, which would likely weigh on the currency. Analysts note that the NZD is closely correlated with the Australian dollar (AUD) due to both geographical proximity and dependence on similar commodity markets.

In the context of the South African rand (ZAR), recent developments have introduced a layer of volatility. The imposition of a 30% reciprocal tariff on South African goods by the US, part of broader trade tensions, adds pressure to an economy that heavily relies on foreign investment for balancing its substantial budget and current account deficits. This introduces uncertainty into the ZAR exchange rate, placing it at the mercy of global investor sentiment.

Currently, the NZD to ZAR exchange rate is hovering around 10.83, reflecting a 7-day high that is in line with its 3-month average. Recent fluctuations have seen the pair trade within an 8.3% range, from a low of 10.41 to a high of 11.27. This volatility may surprise those closely monitoring the pair as it adjusts to market conditions.

Additionally, oil prices have shown considerable movement, with Brent Crude OIL/USD trading at 67.77, which sits 1.2% above its 3-month average. The oil market's volatility, characterized by a 31.1% range from 60.14 to 78.85, can influence the ZAR significantly, given South Africa's reliance on commodity exports.

In summary, analysts caution that potential tariff implications, shifts in global risk sentiment, and correlating commodity prices will be pivotal to the NZD/ZAR exchange rate in the coming weeks. Monitoring these factors may assist businesses and individuals engaged in international transactions to navigate their currency exposure effectively.

NZD-ZAR Rate Calculator

 
   
   
   
   
 
   
 
 

NZD to ZAR Market Data

New Zealand dollar (NZD) to South African rand (ZAR) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell NZD   →   Buy ZAR
1 NZD =
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ZAR
-0.5%
NZD to ZAR at 10.65 is 1.8% below its 3-month average of 10.84, having traded in a relatively stable 6.4% range from 10.59 to 11.27
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  1 ZAR = 0.093658 NZD

Compare & Save - New Zealand dollar to South African rand

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

Use our NZD 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 Kiwi to Rand currency rates and the possible savings of using various providers.

 
 

Will the New Zealand dollar 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 New Zealand dollar vs South African rand current value is to look the NZD/ZAR historic rate and change over a range of periods.

The following table looks at the change in the NZD to ZAR exchange rate over periods from the previous week back to the last 10 years.

DateNZD/ZARChangePeriod
20 Jun 2025
10.75
1.1% 2 Week
05 Apr 2025
10.71
0.7% 3 Month
04 Jul 2024
11.17
4.8% 1 Year
05 Jul 2020
11.15
4.7% 5 Year
07 Jul 2015
8.2840
28.3% 10 Year
09 Jul 2005
4.6282
129.7% 20 Year
NZD/ZAR historic rates & change to 04-Jul-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 NZD/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