The South African rand was trading around 16 against the USD, close a one-month low of 16.1 hit on June 13th, amid general dollar strength on expectations of prolonged aggressive interest rate hikes by the Federal Reserve to tame inflation. Domestically, 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. On the economic data front, the South African economy expanded more than expected in Q1 but both manufacturing and mining activity contracted sharply in April.

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 June 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 17.61 in 12 months time.

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South African Rand


Majors Price Day Year
EURUSD 1.0552 0.0029 0.28% -11.59%
GBPUSD 1.2274 0.0009 0.08% -11.47%
AUDUSD 0.6942 0.0037 0.53% -8.32%
NZDUSD 0.6314 0.0040 0.64% -10.68%
USDJPY 135.1360 0.3040 0.23% 21.98%
USDCNY 6.6826 -0.0169 -0.25% 3.43%
USDCHF 0.9578 -0.0033 -0.34% 4.48%
USDCAD 1.2893 -0.0101 -0.78% 4.87%
USDMXN 19.8500 -0.1510 -0.76% 0.21%
USDINR 78.2300 0.0900 0.12% 5.42%
USDBRL 5.2417 0.0011 0.02% 6.25%
USDRUB 50.9000 -1.1000 -2.12% -29.39%
USDKRW 1,288.8900 -10.9200 -0.84% 14.35%
DXY 104.1850 -0.2460 -0.24% 13.43%
USDTRY 16.8922 -0.4576 -2.64% 93.07%
USDSEK 10.1325 -0.0377 -0.37% 19.36%
USDPLN 4.4378 -0.0348 -0.78% 17.45%
USDNOK 9.8420 -0.1180 -1.18% 15.91%
USDZAR 15.7990 -0.1537 -0.96% 11.72%
USDDKK 7.0489 -0.0192 -0.27% 13.19%
USDSGD 1.3855 -0.0044 -0.32% 3.26%
USDILS 3.4081 -0.0396 -1.15% 4.95%
USDHKD 7.8489 -0.0008 -0.01% 1.13%
USDCLP 916.7700 14.1200 1.56% 25.14%
USDPKR 208.0000 -0.4000 -0.19% 31.98%
USDCZK 23.4240 -0.0680 -0.29% 9.80%
USDHUF 380.1200 0.7000 0.18% 29.28%
Crosses Price Day Year
USDZAR 15.7990 -0.1537 -0.96% 11.72%
EURZAR 16.6571 -0.1304 -0.78% -1.30%
GBPZAR 19.5224 -0.0428 -0.22% -0.43%
AUDZAR 10.9651 -0.0504 -0.46% 2.55%
NZDZAR 9.9639 -0.0448 -0.45% -0.32%
ZARJPY 8.5643 0.1123 1.33% 9.32%
ZARCNY 0.4234 0.0034 0.82% -7.14%
ZARCHF 0.0608 0.0006 1.00% -6.33%
ZARCAD 0.0817 0.0002 0.29% -6.04%
ZARMXN 1.2576 0.0039 0.31% -10.22%
ZARINR 4.9564 0.0582 1.19% -5.18%
ZARBRL 0.3321 0.0036 1.09% -4.09%
ZARRUB 3.2249 -0.0348 -1.07% -36.57%
ZARKRW 81.6600 0.1810 0.22% 2.48%
ZARIDR 940.5326 10.5960 1.14% -7.53%
ZARARS 7.8715 0.0935 1.20% 17.14%
ZARCZK 1.4841 0.0115 0.78% -1.21%
ZARDKK 0.4466 0.0035 0.80% 1.67%
ZARHUF 24.0832 0.2991 1.26% 16.04%


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
15.80 15.95 19.35 2.71 1992 - 2022 Daily