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The South African Rand is expected to trade at 18.41 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 19.03 in 12 months time.
2 days ago · JOHANNESBURG, May 27 (Reuters) - The South Africa rand was stronger on Monday, supported by a weaker dollar, ahead of a week headlined by the national election and featuring an interest rate ...
- Key South African Rand Drivers
- Rand Remains Under Pressure from Deficits
- South African Rand Forecast: Will The Rand Remain Under Pressure Or Rebound?
- The Bottom Line
The South African rand is the official currency of the Southern African Common Monetary Area, issued by the South African Reserve Bank (SARB). The rand is used in South Africa and in Namibia, Lesotho and Eswatini alongside their local currencies, which are pegged to the rand. The rand was introduced in 1961, ahead of South Africa becoming a republi...
The rand started 2022 at 15.40 against the US dollar, and strengthened to 14.61 at the start of March. But the gains were short-lived, and the rand began to trend lower, reaching 15.81 on 1 April. It climbed above 16.00 in May. The USD/ZAR pair passed the 17.00 mark in July and reached 18.40 on 24 October, its highest level since April 2020. The pa...
USD/ZAR forecast
In their latest South African rand forecast, CIBC’s analysts were cautious, expecting the currency to move back to 18 against the US dollar by the end of 2022, noting: “The presumption of significant additional tightening continues to weigh on growth assumptions and drag on broad investor sentiment. A prolonged period of above average inflation and slow growth, additionally the current account is expected to slip back into deficit territory into 2023, underlines why speculative ZAR holdings h...
EUR/ZAR forecast
At the time of writing (8 November), analysts saw the potential for the rand to strengthen against the euro over the long term, following potential short-term weakness. MUFG’s South African rand forecast for 2023 showed the EUR/ZAR pair rising to 18.12 in the first quarter, from 17.67 at the end of 2022, but then retreating to 17.75 by the third quarter. The EUR/ZAR forecast from Denmark’s Danske Bankindicated that the pair could decline from the current spot rate around 17.77 to 16.50 in one...
GBP/ZAR forecast
Similarly, Danske’s GBP/ZAR forecast estimated that the rand could gradually strengthen over the next year, with the pair falling from 20.45 at the time of writing (8 November) to 18.74 in one month, 18.34 in three months, 18.56 in six months and 18.38 in 12 months. But for the longer term, the British pound to South African rand forecast for 2025 from algorithm-based forecasting service Wallet Investorshowed the pair rising to 20.714, from 20.231 at the end of 2023 and 19.976 at the end of 2...
Are you looking for a South African rand forecast to inform your foreign exchange trading strategy? It’s important to remember that the volatility of currency markets makes it difficult for analysts and algorithm-based forecasters to come up with accurate long-term predictions. We recommend that you look at the latest market trends, news, technical...
Get the latest market information about the USD/ZAR pair including USD ZAR Live Rate, News, US Dollar and South African Rand Forecast and Analysis.
Technical Analysis. USD/ZAR - US Dollar South African Rand. Real-time FX. Watch. Share. 18.3471 -0.0080 (-0.04%) 13:42:34 Real-time Data ZAR Disclaimer. Bid/Ask: 18.3384/ 18.3559....
Get the latest South African Rand to United States Dollar (ZAR / USD) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and ...
May 25, 2023 · Bloomberg’s forecast model based on prices of options to buy and sell the rand shows a 53% chance of the currency breaching 20 per dollar within the next week. That compares with a probability...
