The South African rand was trading around 16.4 against the USD, the lowest since October 2020, pressured by severe power cuts in the country, as state-owned Eskom contends with multiple plant breakdowns due to labour protests over wages. There is widespread concern that the current round of load-shedding could have long-term effects on the country's economic growth. The currency was also pressured by the dollar strength amid the Fed's firm hawkish stance and fears of global recession. Meanwhile, South Africa’s higher-than-expected inflation data in June points to a further interest rate hike in July. The South African Reserve Bank last month unveiled its biggest rate increase in more than six years and signaled further rate hikes in the context of the gradual policy normalization.

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 July of 2022.

The South African Rand is expected to trade at 16.59 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 17.43 in 12 months time.

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South African Rand


Majors Price Day Year
EURUSD 1.0427 -0.0049 -0.47% -12.13%
GBPUSD 1.2087 -0.0073 -0.60% -12.62%
AUDUSD 0.6813 -0.0085 -1.24% -9.48%
NZDUSD 0.6206 -0.0035 -0.56% -11.72%
USDJPY 135.2400 -0.5880 -0.43% 21.81%
USDCNY 6.6967 0.0039 0.06% 3.45%
USDCHF 0.9593 0.0044 0.46% 4.18%
USDCAD 1.2883 0.0011 0.09% 4.58%
USDMXN 20.2510 0.1620 0.81% 2.41%
USDINR 78.9283 -0.0217 -0.03% 5.93%
USDBRL 5.3310 0.0748 1.42% 5.41%
USDRUB 51.5000 -1.0000 -1.90% -29.54%
USDKRW 1,298.6700 11.1600 0.87% 14.87%
DXY 105.1380 0.4530 0.43% 14.00%
USDTRY 16.7117 0.0155 0.09% 92.55%
USDSEK 10.2972 0.0783 0.77% 20.54%
USDPLN 4.4910 0.0108 0.24% 18.13%
USDNOK 9.9360 0.0876 0.89% 15.63%
USDZAR 16.3958 0.1238 0.76% 15.06%
USDDKK 7.1333 0.0404 0.57% 13.81%
USDSGD 1.3962 0.0064 0.46% 3.68%
USDILS 3.5237 0.0288 0.82% 7.93%
USDHKD 7.8465 0.0003 0.004% 1.05%
USDCLP 931.8900 15.5900 1.70% 26.99%
USDPKR 204.5000 0 0% 29.84%
USDCZK 23.7240 0.1500 0.64% 10.14%
USDHUF 383.3000 5.4200 1.43% 29.33%
Crosses Price Day Year
USDZAR 16.3958 0.1238 0.76% 15.06%
EURZAR 17.0181 -0.0334 -0.20% 0.69%
GBPZAR 19.7852 -0.0009 -0.004% 0.38%
AUDZAR 11.1173 -0.1124 -1.00% 3.66%
NZDZAR 10.1880 0.0327 0.32% 1.70%
ZARJPY 8.2380 -0.1094 -1.31% 5.74%
ZARCNY 0.4079 -0.0034 -0.82% -9.14%
ZARCHF 0.0589 0.0002 0.34% -8.91%
ZARCAD 0.0785 -0.0006 -0.80% -9.22%
ZARMXN 1.2336 -0.0010 -0.08% -11.10%
ZARINR 4.8079 -0.0440 -0.91% -7.03%
ZARBRL 0.3247 0.0017 0.53% -7.25%
ZARRUB 3.1371 -0.0893 -2.77% -38.29%
ZARKRW 79.1079 -0.0164 -0.02% 0.55%
ZARIDR 909.7588 -5.6174 -0.61% -9.54%
ZARARS 7.6417 -0.0531 -0.69% 15.05%
ZARCZK 1.4451 -0.0036 -0.25% -3.29%
ZARDKK 0.4345 -0.0014 -0.32% -0.20%
ZARHUF 23.3485 0.1258 0.54% 13.60%


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
16.40 16.27 19.35 2.71 1992 - 2022 Daily