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NZD to ZAR Forecast & Exchange Rate Outlook

Latest NZD to ZAR forecast including bank predictions, key macro drivers and recent New Zealand dollar to South African rand exchange-rate trends. We compile forecasts from leading FX analysts and compare them with current market performance.

 

NZD/ZAR Outlook:

The NZD/ZAR rate is currently below its recent average and near low points within the last three months, indicating a likely decrease. Recent volatility may keep it under pressure as market drivers remain mixed.

Key drivers:

• The Reserve Bank of New Zealand's policy decision to maintain a low cash rate suggests limited NZD support going forward.

• Rising gold prices have helped strengthen the ZAR, positively impacting its export earnings in a volatile market.

• A forecast increase in New Zealand business confidence could help the NZD stabilize over the short term.

Range:

Expect the NZD/ZAR to drift within its recent range, testing the lower limits while facing upward resistance.

What could change it:

• Upside risk: A significant jump in New Zealand business confidence could boost the NZD.

• Downside risk: Continued declines in dairy prices may add pressure on the NZD, pushing it lower.

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 =
9.7600We compare provider deals to this wholesale mid-market rate. Read more
ZAR
1d−0.6%▼
60dHighs◓
NZD to ZAR at 9.7600 is 1.4% above its 3-month average of 9.6217, having traded in a quite stable 5.2% range from 9.3746 to 9.8617
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  1 ZAR = 0.1025 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 Feb 2026
9.5885
2.3% ▲2 Week
06 Dec 2025
9.7783
0.3% ▲3 Month
06 Mar 2025
10.40
5.7% ▼1 Year
07 Mar 2021
11.00
10.9% ▼5 Year
08 Mar 2016
10.39
5.6% ▼10 Year
11 Mar 2006
4.0118
144.4% ▲20 Year
NZD/ZAR historic rates & change to 06-Mar-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