The South African rand was trading around 15.8 against USD, the highest since May 4th, after the South African Reserve Bank raised interest rates by a further 50 bps to 4.75% and signaled gradual normalization of the monetary policy through to 2024. Higher precious metals prices also supported the currency. Policymakers revised higher inflation forecasts for 2022, 2023 and 2024, and lowered growth projections for 2022, mainly due to short-term domestic factors including devastating flooding in the key KwaZulu-Natal province and electricity supply constraints. South Africa’s inflation rate held steady at 5.9% in April, near the ceiling of the central bank’s target range of 3%-6%, driven by higher fuel and food prices linked to the war in Ukraine.

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 May of 2022.

The South African Rand is expected to trade at 16.37 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 16.99 in 12 months time.

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South African Rand


Majors Price Day Year
EURUSD 1.0560 -0.0021 -0.20% -13.30%
GBPUSD 1.2492 0.0026 0.21% -11.76%
AUDUSD 0.7043 -0.0004 -0.05% -8.84%
NZDUSD 0.6409 0.0016 0.25% -10.58%
USDJPY 127.9370 0.0530 0.04% 17.43%
USDCNY 6.6973 -0.0274 -0.41% 4.08%
USDCHF 0.9746 0.0029 0.30% 8.56%
USDCAD 1.2838 0.0029 0.22% 6.39%
USDMXN 19.8524 -0.0720 -0.36% -0.45%
USDINR 77.8500 0.4500 0.58% 6.91%
USDBRL 4.8808 -0.0501 -1.02% -8.97%
USDRUB 59.5000 -2.6000 -4.19% -19.05%
USDKRW 1,270.6200 10.0110 0.79% 12.68%
DXY 103.0328 0.3088 0.30% 14.46%
USDTRY 15.9172 -0.0006 -0.004% 89.34%
USDSEK 9.9343 0.0205 0.21% 19.49%
USDPLN 4.3788 -0.0104 -0.24% 18.65%
USDNOK 9.7332 0.0510 0.53% 16.20%
USDZAR 15.8838 0.0329 0.21% 13.81%
USDDKK 7.0424 0.0156 0.22% 15.36%
USDSGD 1.3787 -0.0014 -0.11% 3.57%
USDILS 3.3571 -0.0071 -0.21% 3.13%
USDHKD 7.8468 -0.0010 -0.01% 1.07%
USDCLP 835.9500 -1.0500 -0.13% 16.01%
USDPKR 200.1000 0.4000 0.20% 31.02%
USDCZK 23.2906 -0.0121 -0.05% 11.45%
USDHUF 362.7200 -0.3020 -0.08% 27.02%
Crosses Price Day Year
USDZAR 15.8838 0.0329 0.21% 13.81%
EURZAR 16.7005 -0.0729 -0.43% -1.72%
GBPZAR 19.7309 -0.0279 -0.14% -0.13%
AUDZAR 11.1094 -0.0624 -0.56% 3.19%
NZDZAR 10.1752 0.0422 0.42% -6.52%
ZARJPY 8.0792 0.0112 0.14% 9.07%
ZARCNY 0.4232 -0.0003 -0.06% -7.43%
ZARCHF 0.0616 0.0003 0.42% -4.21%
ZARCAD 0.0808 0.00001 0.01% -4.46%
ZARMXN 1.2498 -0.0071 -0.57% -10.20%
ZARBRL 0.3086 -0.0016 -0.52% -18.01%
ZARRUB 3.8785 -0.0748 -1.89% -25.83%
ZARKRW 79.7572 2.3457 3.03% -0.58%
ZARARS 7.4713 0.1041 1.41% 11.21%
ZARCZK 1.4703 0.0020 0.13% -2.05%
ZARHUF 22.9065 0.0389 0.17% 11.72%


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
15.88 15.85 19.35 2.71 1992 - 2022 Daily