Exchange Rate Calculator

The exchange rate between the Canadian Dollar (CAD) and the South African Rand (ZAR) has experienced notable fluctuations over the past few months. As of July 2, 2025, the rate stands at approximately 1 CAD to 12.93 ZAR. (cad.currencyrate.today) This report examines the recent trends, key influencing factors, and potential future outlooks for the CAD/ZAR exchange rate.

Recent Trends in CAD/ZAR Exchange Rate

In the first half of 2025, the CAD/ZAR exchange rate exhibited a range of movements:

• January 2025: The exchange rate began the year at 1 CAD to 13.123 ZAR on January 1, 2025. (exchange-rates.org)

• March 2025: The rate reached its lowest point on March 11, 2025, at 1 CAD to 12.623 ZAR. (exchange-rates.org)

• April 2025: The highest rate was recorded on April 10, 2025, at 1 CAD to 13.914 ZAR. (exchange-rates.org)

• June 2025: By the end of June, the rate stabilized around 1 CAD to 12.93 ZAR. (cad.currencyrate.today)

These fluctuations indicate a dynamic exchange rate influenced by various economic factors.

Factors Influencing the Exchange Rate

Several key factors have contributed to the observed movements in the CAD/ZAR exchange rate:

1. Commodity Prices: Both Canada and South Africa are major exporters of commodities. Canada's economy is heavily influenced by oil prices, while South Africa's economy is impacted by gold and other mineral prices. Fluctuations in these commodity prices can affect the respective currencies' strength.

2. Interest Rate Differentials: The monetary policies of the Bank of Canada and the South African Reserve Bank, particularly decisions regarding interest rates, influence investor capital flows and, consequently, exchange rates.

3. Economic Indicators: Indicators such as GDP growth, employment rates, and trade balances in both countries provide insights into economic health, affecting currency valuations.

4. Political Stability: Political events and stability in either country can lead to investor confidence or uncertainty, impacting currency strength.

Comparative Analysis with Previous Years

Comparing the current exchange rate to previous years offers additional context:

• 2024: The CAD/ZAR exchange rate averaged around 13.05 ZAR per CAD, with fluctuations between 12.79 ZAR and 13.54 ZAR. (ofx.com)

• 2023: The exchange rate showed a gradual increase, starting at approximately 13.32 ZAR in November 2023 and reaching around 13.89 ZAR by mid-December 2023. (exchangerates.org.uk)

These historical trends highlight the exchange rate's sensitivity to various economic and political factors over time.

Future Outlook

Predicting future exchange rate movements involves considering several factors:

• Global Economic Conditions: Global economic recovery, especially post-pandemic, will influence commodity demand and prices, affecting both currencies.

• Monetary Policies: Future interest rate decisions by the Bank of Canada and the South African Reserve Bank will impact capital flows and exchange rates.

• Political Developments: Upcoming elections, policy changes, or geopolitical events in either country could lead to currency volatility.

While the CAD/ZAR exchange rate has shown relative stability in recent months, it remains subject to various influencing factors. Stakeholders should monitor economic indicators, commodity prices, and political events to make informed decisions regarding this currency pair.