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NZD to ZAR 2026 Forecasts

Analysis of recent kiwi → rand forecasts for 2026. We collate forecasts from respected FX analysts together with the latest New Zealand dollar to South African rand performance and trends.

 

The NZD to ZAR exchange rate appears bearish, currently at 90-day lows near 9.5113.

Key drivers include the interest rate differential, as the Reserve Bank of New Zealand (RBNZ) is expected to cut rates further, impacting the NZD negatively. In contrast, the South African Reserve Bank (SARB) recently reduced its repo rate, but expects further easing, which may support the ZAR. Economic growth forecasts for South Africa, projected to improve due to better electricity supply and infrastructure, also favor the ZAR.

The near-term trading range is likely to remain stable, fluctuating within a modest band. Upside risks for the NZD could arise if upcoming trade figures show strong export growth, while downside risks may surface if global economic conditions worsen or oil prices remain low, currently near 60.64, potentially affecting risk appetite for emerging market currencies like the ZAR.

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 =
9.5170We compare provider deals to this wholesale mid-market rate. Read more
ZAR
1d−0.1%▼
90dLows◒
NZD to ZAR is at 90-day lows near 9.4584, 3.2% below its 3-month average of 9.776, having traded in a quite stable 5.9% range from 9.4584 to 10.02
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  1 ZAR = 0.1051 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
24 Dec 2025
9.7229
2.6% ▼2 Week
09 Oct 2025
9.8911
4.3% ▼3 Month
07 Jan 2025
10.53
10.1% ▼1 Year
08 Jan 2021
11.08
14.5% ▼5 Year
10 Jan 2016
10.66
11.2% ▼10 Year
12 Jan 2006
4.2075
125% ▲20 Year
NZD/ZAR historic rates & change to 07-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 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