Exchange Rate Calculator

The exchange rate between the Chinese Yuan (CNY) and the South African Rand (ZAR) has exhibited notable fluctuations over the past few months. This report provides an analysis of the recent trends, underlying factors influencing these movements, and forecasts for the near future.

Recent Exchange Rate Trends

Over the past six months, the CNY/ZAR exchange rate has experienced both peaks and troughs. According to data from Exchange-Rates.org, the highest rate during this period was 2.6903 ZAR per CNY on April 8, 2025, while the lowest was 2.4637 ZAR per CNY on June 11, 2025. The average exchange rate over these six months stood at approximately 2.5368 ZAR per CNY. (exchange-rates.org)

In the month of June 2025, the exchange rate demonstrated relative stability, fluctuating between 2.4520 and 2.5279 ZAR per CNY. Notably, on June 30, 2025, the rate closed at 2.4800 ZAR per CNY, marking a slight increase of 0.02% from the previous day. (investing.com)

Factors Influencing the Exchange Rate

Several factors have contributed to the observed fluctuations in the CNY/ZAR exchange rate:

1. Economic Indicators: Key economic metrics such as GDP growth, inflation rates, and interest rates in both China and South Africa play a significant role in determining the exchange rate. For instance, a higher interest rate in South Africa compared to China can attract foreign capital, leading to an appreciation of the ZAR against the CNY.

2. Geopolitical Events: Political developments, including elections, policy changes, and international trade agreements, can influence investor confidence and, consequently, currency valuations.

3. Central Bank Policies: Decisions made by the People's Bank of China and the South African Reserve Bank, especially concerning monetary policy and currency interventions, directly impact the exchange rate dynamics.

Forecasts and Future Outlook

Looking ahead, forecasts suggest a potential decline in the CNY/ZAR exchange rate. According to CoinCodex, the rate is expected to decrease by approximately 5.18% over the next six months, reaching around 2.35 ZAR per CNY. This downward trend is projected to continue over the next year, with an anticipated rate of 2.35 ZAR per CNY, reflecting a 5.39% decrease. (coincodex.com)

In the immediate term, daily forecasts from MidForex indicate minor fluctuations. For example, on July 3, 2025, the exchange rate is projected to be approximately 2.4728 ZAR per CNY, with a slight decrease to 2.4728 ZAR per CNY on July 4, 2025. These projections suggest a relatively stable exchange rate in the short term, with minor daily variations. (midforex.com)

Conclusion

The CNY/ZAR exchange rate has shown variability over the past few months, influenced by a combination of economic indicators, geopolitical events, and central bank policies. While short-term forecasts indicate relative stability with minor fluctuations, longer-term projections suggest a gradual depreciation of the CNY against the ZAR. Stakeholders should monitor these trends closely, considering the multifaceted factors that can influence currency movements.