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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 USD to ZAR exchange rate has recently reached 60-day highs near 18.22, reflecting a 1.7% increase above the three-month average of 17.91. The pair has experienced stability within a 5% range, trading between 17.52 and 18.39. This upward movement aligns with broader trends observed in the US dollar, which has gained strength amid robust economic data, particularly the core PCE price index, which exceeded inflation expectations.

Analysts point to the Federal Reserve’s monetary policy as a primary driver of USD strength. With the upcoming non-farm payroll report, market participants are closely monitoring potential labor market cooling, which could spark discussions around a potential rate cut in September. If favorable employment data suggests economic slowing, it might undermine some of the recent gains made by the USD.

In contrast, the South African rand (ZAR) remains particularly vulnerable to fluctuations in global investor sentiment and economic developments. The recent imposition of a 30% reciprocal tariff rate on South African goods by the US complicates the ZAR's outlook, especially as the nation relies heavily on foreign investment to address its considerable budget and current account deficits.

ZAR's performance may also be impacted by oil price movements, as rising oil prices increase demand for the USD. Currently, oil prices are trading at 72.53, which is 6.7% above the three-month average of 67.95. The volatility in oil prices, fluctuating through a range of 31.1%, underscores the intricate relationship between commodity prices and emerging market currencies like the ZAR.

Overall, forecasters suggest that the USD's future strength will hinge on the Fed's policy decisions, inflation trends, and general economic indicators, while the ZAR's trajectory will depend significantly on external factors such as trade relations and global market sentiment. Businesses and individuals engaging in currency transactions should stay alert to these developments to optimize their international dealings.

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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 =
18.12We compare provider deals to this wholesale mid-market rate. Read more
ZAR
+1.2%
60d-highs
USD to ZAR is at 60-day highs near 18.22, 1.7% above its 3-month average of 17.91, having traded in a quite stable 5.0% range from 17.52 to 18.39
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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
18 Jul 2025
17.71
2.9% 2 Week
03 May 2025
18.39
0.9% 3 Month
01 Aug 2024
18.29
0.4% 1 Year
02 Aug 2020
17.04
6.9% 5 Year
04 Aug 2015
12.73
43.1% 10 Year
06 Aug 2005
6.4377
183% 20 Year
USD/ZAR historic rates & change to 01-Aug-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