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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.

 

NZD/ZAR Outlook: Slightly positive, but likely to move sideways, as the rate is below its recent average and lacks a clear driver.

Key drivers:

• Rate gap: The Reserve Bank of New Zealand's recent policy easing contrasts with the South African Reserve Bank's accommodative stance, putting pressure on the NZD.

• Risk/commodities: Current oil prices are volatile and above average, supporting the strength of the ZAR due to its ties to commodity exports.

• One macro factor: New Zealand’s private sector contraction hints at economic challenges, which may weigh on the NZD moving forward.

Range: Expect NZD/ZAR to drift within the recent range, staying below the average.

What could change it:

• Upside risk: Stronger-than-expected economic data from New Zealand could boost the NZD.

• Downside risk: Further declines in private sector performance may lead to increased selling pressure on the NZD.

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 =
9.5912We compare provider deals to this wholesale mid-market rate. Read more
ZAR
1d+0.6%▲
14dHighs◓
NZD to ZAR is at 14-day highs near 9.5913, 1.0% below its 3-month average of 9.6921, having traded in a quite stable 6.0% range from 9.3746 to 9.94
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  1 ZAR = 0.1043 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.

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