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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 recently faced downward pressure largely due to a prevailing risk-off sentiment in global markets. Analysts note that without significant data releases from New Zealand, market sentiment will likely remain a driving factor for the NZD, leading to potential declines. The NZD, which is sensitive to risk appetite, has weakened against the South African rand (ZAR), with its current exchange rate at 10.65, reflecting a 1.8% dip from its three-month average of 10.84.

There are several geopolitical factors that could further influence the NZD. A potential return of Donald Trump to the presidency might entail stricter tariffs on key trading partners like Europe and China, which could dampen demand for commodities that underpin the NZD’s strength. Additionally, there is a noted correlation between the NZD and the Australian dollar (AUD), where both currencies respond similarly to commodity market trends. This correlation could play a role in shaping future movements in the NZD/ZAR exchange rate.

On the other side, the ZAR faces its own challenges, notably the recently imposed 30% tariff on South African goods by the US, which is part of a wider trade conflict. South Africa's economy, heavily reliant on foreign investment to address significant budget and current account deficits, remains vulnerable to shifts in global investor sentiment.

The ZAR has also been influenced by fluctuations in oil prices, with recent data showing oil trading at $68.80, which is 3.2% above its three-month average of $66.66. The volatile range of oil prices, fluctuating between $60.14 and $78.85, suggests that changes in oil demand or supply could have downstream effects on the ZAR, particularly as South Africa is a key exporter of coal.

Overall, as the NZD remains under pressure due to external trade dynamics and risk aversion, the ZAR’s vulnerability to geopolitical developments and commodity prices indicates that both currencies will likely experience turbulent movements ahead. Market watchers will need to pay close attention to these factors to navigate currency transactions 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 = 0.093664 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