Exchange Rate Calculator

The exchange rate between the Euro (EUR) and the South African Rand (ZAR) has exhibited notable fluctuations over the past few months. This report provides an analysis of the recent trends, technical indicators, and forecasts to offer a comprehensive understanding of the EUR/ZAR currency pair's performance.

Recent Exchange Rate Trends

As of March 18, 2025, the EUR/ZAR exchange rate stood at 19.71, reflecting a slight decrease from 19.78 on the previous market day and a more significant decline from 20.59 one year prior. This downward trend indicates a strengthening of the South African Rand against the Euro over the past year.

In the month leading up to March 20, 2025, the exchange rate fluctuated between a high of 20.1273 on March 12 and a low of 19.1258 on February 21. These variations suggest a period of volatility influenced by various economic factors.

Technical Analysis

Technical indicators as of March 21, 2025, suggest a bearish outlook for the EUR/ZAR pair:

• Relative Strength Index (RSI): At 42.566, indicating a sell signal.
• Stochastic Oscillator (STOCH): At 38.33, also signaling a sell.
• Moving Average Convergence Divergence (MACD): At -0.021, suggesting a sell.
• Average Directional Index (ADX): At 24.029, indicating a sell.

Additionally, all moving averages (MA5, MA10, MA20, MA50, MA100, MA200) are signaling a sell, reinforcing the bearish sentiment.

Forecasts and Projections

Looking ahead, forecasts present a mixed outlook for the EUR/ZAR exchange rate:

• Short-Term Forecast: In three months, the exchange rate is expected to decrease to 18.4503, a 7.24% decline from the current rate.

• Medium-Term Forecast: In six months, the rate is projected to be 18.945, a 4.76% decrease.

• Long-Term Forecast: Over the next five years, the exchange rate is anticipated to rise to 25.90, representing a 30.72% increase from the current rate.

These projections suggest a potential short-term strengthening of the Rand against the Euro, followed by a long-term appreciation of the Euro relative to the Rand.

Conclusion

The EUR/ZAR exchange rate has experienced a downward trend over the past year, with technical indicators currently signaling a bearish outlook. Short-term forecasts predict a continued decline, while long-term projections anticipate a reversal with the Euro gaining strength against the Rand. Investors should consider these trends and forecasts, along with underlying economic factors, when making decisions related to this currency pair.