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South African rand Markets

ZAR Currency Update - Our review of South African rand forecasts and news plus charts and historic rates. Check ZAR Trends over various time periods.

 

The South African Rand (ZAR) has recently shown notable strength against major currencies, despite the backdrop of potential economic challenges. Analysts have pointed out a significant appreciation of the Rand to the US Dollar, which is currently trading at around 0.056464. This rate is a 1.8% increase above its three-month average of 0.055482 and represents a seven-day high. Such enthusiasm in the ZAR/USD pair may stem from relative stability in the market, as it has traded within a constrained range of 0.053132 to 0.057070 over the past few months.

Meanwhile, the ZAR has also reached 30-day highs against the Euro, trading near 0.048563, comfortably above its three-month average. The range has remained relatively stable, fluctuating between 0.046328 and 0.049660, indicating steady investor confidence in this currency pair.

In the case of the British Pound, the ZAR has achieved impressive gains as well, coming in at approximately 0.042101, which is 2.1% above its three-month average. The trading range for ZAR/GBP has remained tight, from 0.039865 to 0.042101, reflecting underlying stability in the Rand relative to the Pound.

The ZAR has also demonstrated robust performance against the Japanese yen, reaching 90-day highs at around 8.4034, surpassing its three-month average by 4.6%. This currency pair has seen more volatility, trading within a wider range of 7.5135 to 8.4034, indicative of fluctuating investor sentiment and market dynamics.

However, the imposition of a 30% reciprocal tariff rate on South African goods by the US, as part of an ongoing trade conflict, could introduce headwinds to the Rand. The country's reliance on foreign capital to cover extensive budget and current account deficits means that the ZAR is particularly sensitive to global investor sentiment. Economists suggest that any deterioration in trade relations may weigh heavily on the currency moving forward.

In summary, while the ZAR has experienced positive momentum against key currencies lately, external factors such as evolving trade dynamics and global economic conditions will play crucial roles in determining its future direction. Keeping a close eye on these developments will be essential for individuals and businesses involved in foreign transactions.

 

US dollar to South African rand - USD/ZAR Trend

 
USD to ZAR is at 7-day lows near 17.71, 1.8% below its 3-month average of 18.03, having traded in a relatively stable 7.4% range from 17.52 to 18.82
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ZAR
 
-0.7%
 
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Top ZAR Rates


South African rand to US dollar
ZARUSD 90 day chart

ZAR to USD is at 7-day highs near 0.056464, 1.8% above its 3-month average of 0.055482, having traded in a relatively stable 7.4% range from 0.053132 to 0.057070
ZAR to USD
0.056464
+0.7%

South African rand to Euro
ZAREUR 90 day chart

ZAR to EUR is at 30-day highs near 0.048563, just above its 3-month average, having traded in a relatively stable 7.2% range from 0.046328 to 0.049660
ZAR to EUR
0.048556
+0.4%
30d-highs

South African rand to Canadian dollar
ZARCAD 90 day chart

ZAR to CAD is at 30-day highs near 0.077564, 1.6% above its 3-month average of 0.076337, having traded in a quite stable 5.6% range from 0.073541 to 0.077653
ZAR to CAD
0.077545
+0.6%
30d-highs

South African rand to British pound
ZARGBP 90 day chart

ZAR to GBP is at 90-day highs near 0.042101, 2.1% above its 3-month average of 0.041222, having traded in a quite stable 5.6% range from 0.039865 to 0.042101
ZAR to GBP
0.042097
+0.7%
90d-highs

South African rand to Indian rupee
ZARINR 90 day chart

ZAR to INR is at 7-day highs near 4.8641, 2.4% above its 3-month average of 4.749, having traded in a relatively stable 7.5% range from 4.5352 to 4.8745
ZAR to INR
4.8641
+0.8%

South African rand to Japanese yen
ZARJPY 90 day chart

ZAR to JPY is at 90-day highs near 8.4034, 4.6% above its 3-month average of 8.0363, having traded in a quite volatile 11.8% range from 7.5135 to 8.4034
ZAR to JPY
8.4024
+0.9%
90d-highs

South African rand to Australian dollar
ZARAUD 90 day chart

ZAR to AUD is at 14-day highs near 0.086788, 1.3% above its 3-month average of 0.085693, having traded in a quite stable 5.0% range from 0.083029 to 0.087155
ZAR to AUD
0.086788
+0.4%
14d-highs

South African rand to Singapore dollar
ZARSGD 90 day chart

ZAR to SGD at 0.072531 is 1.3% above its 3-month average of 0.071566, having traded in a quite stable 4.6% range from 0.069574 to 0.072789
ZAR to SGD
0.072531
+0.6%

South African rand to Chinese yuan
ZARCNY 90 day chart

ZAR to CNY is at 7-day highs near 0.4053, 1.4% above its 3-month average of 0.3998, having traded in a quite stable 5.5% range from 0.3876 to 0.4090
ZAR to CNY
0.4053
+0.6%

A-Z


South African rand to Euro
ZAREUR 90 day chart

ZAR to EUR is at 30-day highs near 0.048563, just above its 3-month average, having traded in a relatively stable 7.2% range from 0.046328 to 0.049660
ZAR to EUR
0.048556
+0.4%
30d-highs

South African rand to British pound
ZARGBP 90 day chart

ZAR to GBP is at 90-day highs near 0.042101, 2.1% above its 3-month average of 0.041222, having traded in a quite stable 5.6% range from 0.039865 to 0.042101
ZAR to GBP
0.042097
+0.7%
90d-highs

South African rand to Indian rupee
ZARINR 90 day chart

ZAR to INR is at 7-day highs near 4.8641, 2.4% above its 3-month average of 4.749, having traded in a relatively stable 7.5% range from 4.5352 to 4.8745
ZAR to INR
4.8641
+0.8%

South African rand to US dollar
ZARUSD 90 day chart

ZAR to USD is at 7-day highs near 0.056464, 1.8% above its 3-month average of 0.055482, having traded in a relatively stable 7.4% range from 0.053132 to 0.057070
ZAR to USD
0.056464
+0.7%