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USD to ZAR 2025 Forecasts

Analysis of recent dollar → rand forecasts for 2025. We collate forecasts from respected FX analysts together with the latest US dollar to South African rand performance and trends.

 

The outlook for the USD to ZAR exchange rate reflects a complex interplay of various economic factors, with the US dollar showing resilience amidst shifting trade dynamics and evolving monetary policy. Recently, the USD has strengthened due to safe-haven flows and a decrease in expectations for Federal Reserve interest rate cuts. Remarks from the Trump administration regarding the potential announcement of new trade deals have further bolstered the dollar's position. However, analysts caution that should these deals fall short of market expectations, the USD may face downward pressures.

The dollar's strength continues to be supported by its status as the world’s primary reserve currency, with influences from crucial economic indicators such as inflation, employment data, and GDP growth. The Federal Reserve's interest rate decisions play a pivotal role; higher rates typically attract investment, enhancing the dollar’s value. As the USD solidifies its position amidst geopolitical uncertainties, including the ongoing tensions in Ukraine, it showcases its safe-haven characteristics, attracting capital during times of market volatility.

On the other hand, the ZAR has recently faced challenges, particularly following the imposition of a 30% reciprocal tariff on South African goods by the US. This trade tension, combined with South Africa's reliance on foreign investments to address budget and current account deficits, makes the rand highly sensitive to global investor sentiment. Market experts note the rand's volatility, with the USD/ZAR trading at 7-day highs near 17.86, yet approximately 1.8% below its 3-month average of 18.18.

Crucially, the ZAR's fluctuations are also influenced by oil price movements, as South Africa is vulnerable to changes in global oil prices. The current OIL to USD price is at 69.58, representing a 4.1% increase from its 3-month average of 66.81. With oil prices experiencing significant volatility, trading in a range of 31.1% from 60.14 to 78.85, this could impact the ZAR further, particularly in an environment where rising oil prices typically bolster the demand for USD.

Overall, while the outlook for the USD against the ZAR appears robust, ongoing trade negotiations, oil market trends, and geopolitical considerations will be crucial in determining the future trajectory of the exchange rate. Investors should remain vigilant and consider these factors when planning international transactions.

USD-ZAR Rate Calculator

 
   
   
   
   
 
   
 
 

USD to ZAR Market Data

US dollar (USD) to South African rand (ZAR) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell USD   →   Buy ZAR
1 USD =
17.81We compare provider deals to this wholesale mid-market rate. Read more
ZAR
+1.4%
USD to ZAR is at 7-day highs near 17.86, 1.8% below its 3-month average of 18.18, having traded in a rather volatile 12.9% range from 17.52 to 19.78
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Compare & Save - US dollar to South African rand

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to South African rand (ZAR) rates from different sources before making a conversion.

Use our USD 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 Dollar to Rand currency rates and the possible savings of using various providers.

 
 

Will the US 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 US dollar vs South African rand current value is to look the USD/ZAR historic rate and change over a range of periods.

The following table looks at the change in the USD to ZAR exchange rate over periods from the previous week back to the last 10 years.

DateUSD/ZARChangePeriod
24 Jun 2025
17.74
0.3% 2 Week
09 Apr 2025
19.42
8.3% 3 Month
08 Jul 2024
18.10
1.7% 1 Year
09 Jul 2020
16.84
5.7% 5 Year
11 Jul 2015
12.45
43% 10 Year
13 Jul 2005
6.6000
169.7% 20 Year
USD/ZAR historic rates & change to 08-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 USD/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