The South African rand appreciated sharply towards 16.2 per USD, the highest since June 28th, after a softer-than-expected US inflation report eased concerns that the Federal Reserve will continue to hike interest rates aggressively, pulling down the dollar. Still, fundamentals hold as the currency is very sensitive to shifts in global market sentiment and the country battles with prolonged worker strikes, rolling blackouts and flood damages in addition to growing global recession fears. The South African Reserve Bank raised the key repo rate by more than expected 75 bps at its July 22nd meeting and signalled further aggressive monetary tightening ahead to tame the surging domestic inflation. Inflation topped 7.4% in June, the highest since May of 2009. Meanwhile, the government is cutting fuel pump prices in an attempt to ease pressure on household finances and cool inflation.

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 August of 2022.

The South African Rand is expected to trade at 17.18 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 18.49 in 12 months time.

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South African Rand


Majors Price Day Year
EURUSD 1.0282 -0.0020 -0.20% -12.39%
GBPUSD 1.2191 -0.0022 -0.18% -11.73%
AUDUSD 0.7073 -0.0011 -0.16% -3.66%
NZDUSD 0.6396 -0.0004 -0.06% -8.68%
USDJPY 133.1230 0.2590 0.19% 20.59%
USDCNY 6.7363 0.0135 0.20% 3.97%
USDCHF 0.9437 0.0014 0.15% 2.23%
USDCAD 1.2784 0.0011 0.08% 2.06%
USDMXN 20.0416 0.0256 0.13% 0.45%
USDINR 79.3775 0.2875 0.36% 6.82%
USDBRL 5.0947 0.0020 0.04% -3.00%
USDRUB 60.5000 1.3750 2.33% -17.72%
USDKRW 1,299.1200 1.7900 0.14% 11.71%
DXY 105.4045 0.2085 0.20% 13.30%
USDTRY 17.9210 0.0475 0.27% 109.61%
USDSEK 10.0704 0.0160 0.16% 15.96%
USDPLN 4.5499 0.0132 0.29% 16.76%
USDNOK 9.5350 0.0229 0.24% 7.77%
USDZAR 16.2340 0.0681 0.42% 9.85%
USDDKK 7.2364 0.0137 0.19% 14.20%
USDSGD 1.3716 0.0019 0.14% 1.03%
USDILS 3.2561 -0.0018 -0.06% 1.27%
USDHKD 7.8464 0.0001 0% 0.83%
USDCLP 886.2000 0 0% 14.45%
USDPKR 219.2500 -4.9000 -2.19% 34.02%
USDCZK 23.6752 0.0742 0.31% 9.56%
USDHUF 384.0790 0.9290 0.24% 27.76%
Crosses Price Day Year
USDZAR 16.2340 0.0681 0.42% 9.85%
EURZAR 16.6859 -0.0036 -0.02% -3.80%
GBPZAR 19.7884 0.0005 0.002% -2.62%
AUDZAR 11.4797 0.0054 0.05% 5.82%
NZDZAR 10.3786 -0.0502 -0.48% 0.55%
ZARJPY 8.1983 0.0543 0.67% 8.78%
ZARCNY 0.4149 0.0078 1.92% -5.39%
ZARCHF 0.0582 0.0007 1.16% -7.51%
ZARCAD 0.0788 0.0011 1.47% -7.66%
ZARMXN 1.2361 0.0174 1.43% -9.12%
ZARINR 4.8809 0.0852 1.78% -3.00%
ZARBRL 0.3143 0.0055 1.78% -10.40%
ZARRUB 3.6481 0.0044 0.12% -26.95%
ZARKRW 79.8029 1.0747 1.37% 2.40%
ZARIDR 917.6367 22.5461 2.52% -5.61%
ZARARS 8.2679 0.2012 2.49% 26.05%
ZARCZK 1.4577 0.0132 0.91% -0.42%
ZARDKK 0.4457 0.0065 1.49% 3.89%
ZARHUF 23.6618 0.2490 1.06% 16.08%


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
16.23 16.17 19.35 2.71 1992 - 2022 Daily