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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 been experiencing downward pressure in the face of a risk-off market sentiment. Analysts note a reluctance among NZD investors to shift their positions ahead of the Reserve Bank of New Zealand’s (RBNZ) interest rate decision, leading to limited short-term movement in the currency. Recent reports highlight that the NZD has dropped to near 90-day lows, trading around 10.56 against the South African rand (ZAR), which is 2.1% below its three-month average of 10.79.

With the upcoming potential for stricter tariffs under a Trump presidency affecting key commodities, experts suggest that demand for these commodities—and consequently the NZD—may weaken. Additionally, the correlation between NZD and Australian dollar (AUD) movements plays a role, as both currencies are influenced by the same commodity markets.

The ZAR has also faced challenges, particularly due to the recent US-imposed 30% tariff on South African goods. This punitive measure could further dampen the ZAR, as South Africa is heavily reliant on foreign investment to stabilize its budget and current account deficits. Market analysts emphasize that fluctuations in sentiment towards emerging markets heavily impact the ZAR.

Furthermore, movements in the oil market have implications for both currencies. As of now, oil prices (Brent Crude OIL/USD) are trading at $69.28, which is significantly above the three-month average of $67.33. This volatility, with oil prices fluctuating as much as 31.1% from a low of $60.14 to a high of $78.85, could influence the ZAR given the South African economy's ties to commodity exports.

Overall, currency forecasters suggest that without a significant change in the interest rate outlook from the RBNZ or a shift in global trade policies, the NZD is likely to remain under pressure against the ZAR in the near term, trading within its established range.

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 =
10.68We compare provider deals to this wholesale mid-market rate. Read more
ZAR
+0.4%
NZD to ZAR is at 7-day highs near 10.64, 1.0% below its 3-month average of 10.75, having traded in a relatively stable 6.1% range from 10.52 to 11.16
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  1 ZAR = 0.093639 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
11 Jul 2025
10.77
1.3% 2 Week
26 Apr 2025
11.15
4.7% 3 Month
25 Jul 2024
10.81
1.7% 1 Year
26 Jul 2020
11.07
4% 5 Year
28 Jul 2015
8.4516
25.8% 10 Year
30 Jul 2005
4.4989
136.3% 20 Year
NZD/ZAR historic rates & change to 25-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