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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 encountered several challenges over the past few weeks, notably stemming from a major public sector strike, which has raised concerns among investors. The absence of significant domestic data leaves the NZD's trajectory closely tied to overall market sentiment, further complicating its outlook.

Recent economic developments in New Zealand include an inflation rate of 3% for Q3 2025, which aligns with the upper limit of the Reserve Bank of New Zealand's (RBNZ) target. The RBNZ has responded to rising costs and economic weaknesses by cutting the official cash rate by 50 basis points to 2.5%. Analysts suggest this decision aims to stimulate growth and is anticipated to moderate inflation to around 2% by mid-2026. The easing of lending rules expected in December may also support the housing market and consumer spending.

Meanwhile, the South African rand (ZAR) has shown some resilience, influenced by external factors such as escalating US-China trade tensions, which have prompted investors to favor safe-haven assets. The rand, being sensitive to shifts in global risk sentiment, has found some support owing to the fluctuating prices of gold, a key export for South Africa. That said, domestic inflation dropped unexpectedly to 3.3% in August, raising speculations about possible interest rate cuts by the South African Reserve Bank (SARB).

Current market data indicates that the NZD to ZAR exchange rate stands at approximately 9.92, which is notably 3.4% below its three-month average of 10.27 and has experienced volatility within an 8.5% range. In contrast, the USD has recently seen oil prices hovering near 14-day highs of 65.94, only slightly below its three-month average. Given South Africa's status as a commodities exporter, oil price movements could further influence the ZAR.

In summary, the NZD faces a challenging outlook with rising domestic inflation and decreasing interest rates, which could undermine its strength against the ZAR. Conversely, geopolitical uncertainties and domestic economic shifts favor the rand's potential for strength in the current environment. Currency market participants should closely monitor these developments to navigate potential exchanges 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.

 
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1 NZD =
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ZAR
1d−0.2%
NZD to ZAR is at 7-day lows near 9.92, 3.1% below its 3-month average of 10.24, having traded in a fairly volatile 8.5% range from 9.8918 to 10.73
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  1 ZAR = 0.1010 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
15 Oct 2025
9.9217
0% 2 Week
31 Jul 2025
10.72
7.4% 3 Month
29 Oct 2024
10.54
5.8% 1 Year
30 Oct 2020
10.75
7.7% 5 Year
01 Nov 2015
9.3555
6.1% 10 Year
03 Nov 2005
4.5731
117% 20 Year
NZD/ZAR historic rates & change to 29-Oct-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