The South African rand rallied toward 17.5 per USD, reaching a two-week high, aided by a weaker dollar and rising gold prices. Additional support came from foreign exchange reserves climbing to historic highs and declining bond yields, reflecting perceived economic stability and capacity to manage external obligations. Meanwhile, Minister of Electricity and Energy Kgosientsho Ramokgopa announced the end of structural load shedding, with Eskom’s summer outlook confirming improved electricity stability compared to the recent winter months. On a less positive note, Ipsos research revealed waning optimism in South Africa, as public sentiment cools amid ongoing political tensions within the government coalition.
The USD/ZAR exchange rate fell to 17.5980 on September 5, 2025, down 0.94% from the previous session. Over the past month, the South African Rand has strengthened 0.91%, and is up by 1.42% over the last 12 months. Historically, the USDZAR reached an all time high of 19.93 in April of 2025. South African Rand - data, forecasts, historical chart - was last updated on September 5 of 2025.
The USD/ZAR exchange rate fell to 17.5980 on September 5, 2025, down 0.94% from the previous session. Over the past month, the South African Rand has strengthened 0.91%, and is up by 1.42% over the last 12 months. The South African Rand is expected to trade at 17.75 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 18.10 in 12 months time.