The USD/ZAR exchange rate rose to 16.3802 on May 27, 2026, up 0.05% from the previous session. Over the past month, the South African Rand has strengthened 0.90%, and is up by 8.59% 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 May 27 of 2026.

The South African Rand is expected to trade at 16.40 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 15.87 in 12 months time.



Crosses Price Day Year Date
USDZAR 16.3824 0.0103 0.06% -8.57% May/27
EURZAR 19.0415 0.0014 0.01% -5.90% May/27
GBPZAR 21.9886 -0.0259 -0.12% -9.27% May/27
AUDZAR 11.6892 -0.0368 -0.31% 1.51% May/27
NZDZAR 9.6593 0.1062 1.11% -9.57% May/27
ZARJPY 9.7322 0.0020 0.02% 20.40% May/27
ZARCNY 0.4138 -0.0007 -0.16% 3.09% May/27
ZARCHF 0.0480 0.00004 0.09% 4.01% May/27
ZARCAD 0.0845 0.0001 0.16% 9.43% May/27
ZARMXN 1.0597 0.0023 0.22% -2.06% May/27
ZARINR 5.8415 -0.0106 -0.18% 22.78% May/27
ZARBRL 0.3088 0.0007 0.22% -1.81% May/27
ZARRUB 4.3284 -0.0694 -1.58% -3.23% May/27
ZARKRW 91.6199 -0.4465 -0.49% 19.48% May/27
ZARIDR 1,088.3610 1.2066 0.11% 19.91% May/27
ZARARS 86.1827 0.0287 0.03% 33.70% May/27
ZARCZK 1.2745 0.0004 0.03% 4.01% May/27
ZARDKK 0.3924 -0.000005 -0.001% 6.96% May/27
ZARHUF 18.5948 -0.0880 -0.47% -6.40% May/27
 Currencies
 ZAR...
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Related Last Previous Unit Reference
South Africa Inflation Rate 4.00 3.10 percent Apr 2026
United States Inflation Rate 3.80 3.30 percent Apr 2026
South Africa Interest Rate 6.75 6.75 percent Apr 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Apr 2026
United States Unemployment Rate 4.30 4.30 percent Apr 2026
South Africa Unemployment Rate 32.70 31.40 percent Mar 2026

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.
Actual Previous Highest Lowest Dates Unit Frequency
16.38 16.37 19.93 2.71 1992 - 2026 Daily

News Stream
South African Rand Hovers Around 1-Month High
The South African rand traded around 16.3 per USD, holding close to its highest since April 20, mainly supported by rate hike expectations and hopes for a resolution to the Middle East conflict. The South African Reserve Bank’s upcoming policy decision is in focus amid rising inflation concerns. Some advocate for tightening to contain second-round inflation pressures after April’s climb to 4.0% from 3.1%, while others suggest current policy may already be restrictive enough, leaving room for a pause to assess whether the increase is transitory. Most economists expect a 25-basis-point hike, but markets will be equally sensitive to the tone of the accompanying statement. Meanwhile, market participants tracked developments in US–Iran diplomacy after fresh US strikes and renewed threats from Tehran, with the US reaffirming that the ceasefire remains in place.
2026-05-26
South African Rand at Over 1-Month High
The South African rand strengthened to around 16.3 per USD, its highest level since mid-April, as growing optimism over a potential US-Iran deal boosted risk appetite and weighed on the dollar, while firmer precious metals prices added further support. Iran and the US appear closer to a framework to end the war and reopen the Strait of Hormuz, after President Trump said a memorandum of understanding had been largely negotiated, while cautioning he would not “rush” a deal. Domestically, investors are closely watching the South African Reserve Bank’s Monetary Policy Committee meeting scheduled for May 28. A 25 bps rate hike is widely anticipated, although a split vote is possible. While some economists see scope for tightening to contain potential second-round inflation pressures following April’s rise in inflation to 4.0% from 3.1%, others argue that current policy may already be restrictive enough, allowing policymakers to pause and evaluate whether the recent increase is transitory.
2026-05-25
South African Rand Hovers Around 1-Week High
The South African rand traded around 16.4 per US, hovering near the highest since mid-May, as traders positioned for a potential rate increase at the next SARB's meeting scheduled on May 28. Headline Inflation surged to 4% in April, up from 3.1% in March, due to higher energy and transportation prices linked to disruptions in the Middle East. Core inflation also quickened to 3.6% from 3.2%, signaling broader price pressures. Most economists expect the South African Reserve Bank to hike the key rate by 25 bps to 7.0% to reduce the likelihood of second-round effects and safeguard the 3% target. However, the decision remains a close call, as the central bank may opt to keep rates unchanged to assess incoming inflation data and developments in the Iran conflict.
2026-05-22