The South African rand was trading around 14.8 against the US dollar, its lowest since October 15th, amid general dollar strength and further evidence that the US Federal Reserve will begin tapering this year. At the same time, expectations are increasing that South Africa’s central bank is likely to hike interest rates soon amid accelerating inflation and after it warned of upside risks to its inflation outlook, including higher energy costs and realigning exchange rates that could stem from policy tightening in advanced economies. Meanwhile, recent data showed South Africa's economic recovery from the pandemic has been uneven across sectors, partly due to deadly riots, arson and looting that erupted in July and derailed economic activity in the two biggest provinces. .

Historically, the South African Rand reached an all time high of 19.35 in April of 2020. South African Rand - data, forecasts, historical chart - was last updated on October of 2021.

The South African Rand is expected to trade at 14.98 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 15.51 in 12 months time.

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South African Rand

Majors Price Day Year
EURUSD 1.1593 -0.0002 -0.02% -1.32%
GBPUSD 1.3729 -0.0036 -0.26% 5.72%
AUDUSD 0.7489 -0.0017 -0.23% 6.26%
BTCUSD 59,122.6900 -1,205.5300 -2.00% 345.38%
NZDUSD 0.7133 -0.0029 -0.41% 7.32%
USDJPY 113.6380 -0.5420 -0.47% 8.95%
USDCNY 6.3952 0.0166 0.26% -4.92%
USDCHF 0.9178 -0.0020 -0.21% 0.80%
USDCAD 1.2422 0.0028 0.22% -6.74%
USDMXN 20.2461 0.0456 0.23% -4.79%
USDINR 75.0500 0.1130 0.15% 1.17%
USDBRL 5.5664 -0.0002 -0.004% -3.12%
USDRUB 70.0260 0.7038 1.02% -11.58%
DXY 93.9450 -0.0040 -0.004% 0.58%
USDKRW 1,169.1400 4.8870 0.42% 3.34%
USDTRY 9.4941 -0.0394 -0.41% 15.00%
USDSEK 8.6197 0.0062 0.07% -2.59%
USDPLN 3.9806 0.0053 0.13% 1.01%
USDNOK 8.4136 0.0521 0.62% -10.12%
USDZAR 15.0025 0.2014 1.36% -8.42%
USDDKK 6.4169 0.0015 0.02% 1.26%
USDSGD 1.3498 0.0023 0.17% -1.11%
USDILS 3.1917 -0.0053 -0.17% -6.26%
USDHKD 7.7781 0.0023 0.03% 0.36%
USDCLP 803.6800 0 0% 3.93%
USDPKR 172.0500 -2.5500 -1.46% 7.30%
USDCZK 22.1733 0.0096 0.04% -5.06%
USDHUF 315.1380 0.5550 0.18% 0.58%
Crosses Price Day Year
USDZAR 15.0025 0.2014 1.36% -8.42%
EURZAR 17.3886 0.1888 1.10% -9.62%
GBPZAR 20.5783 0.2057 1.01% -3.27%
AUDZAR 11.2368 0.1003 0.90% -2.65%
NZDZAR 10.6389 0.1050 1.00% -8.55%
ZARJPY 7.7506 0.0171 0.22% 23.38%
ZARCNY 0.4332 0.0025 0.57% 5.20%
ZARCHF 0.0621 -0.0005 -0.73% 19.96%
ZARCAD 0.0834 -0.0008 -0.92% 9.93%
ZARMXN 1.3600 -0.0129 -0.94% 1.58%
ZARBRL 0.3808 -0.0003 -0.09% 10.35%
ZARRUB 4.7481 0.0040 0.08% 0.98%
ZARKRW 78.9958 -0.2070 -0.26% 13.49%
ZARARS 6.7340 -0.0245 -0.36% 39.53%
ZARCZK 1.4995 -0.0077 -0.51% 6.89%
ZARDKK 0.4333 0.0020 0.47% 12.46%


South African Rand
The USDZAR spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the ZAR. While the USDZAR spot exchange rate is quoted and exchanged in the same day, the USDZAR forward rate is quoted today but for delivery and payment on a specific future date.