Exchange Rate Calculator

The exchange rate between the Indian Rupee (INR) and the South African Rand (ZAR) has experienced notable fluctuations over the past few months. Understanding these movements requires an examination of recent trends, technical indicators, and future forecasts.

Recent Exchange Rate Trends

Over the six-month period from December 30, 2024, to June 27, 2025, the INR/ZAR exchange rate has shown a downward trend. The highest rate during this period was 0.2284 ZAR per INR on April 8, 2025, while the lowest was 0.2063 ZAR per INR on June 5, 2025. This represents a decline of approximately 4.53% over the six months, indicating a depreciation of the Indian Rupee relative to the South African Rand. (exchange-rates.org)

Technical Analysis

As of May 22, 2025, technical indicators for the INR/ZAR currency pair presented a mixed outlook:

• Relative Strength Index (RSI 14): 49.034, indicating a neutral position.
• Stochastic Oscillator (9,6): 64.495, suggesting a buy signal.
• Moving Average Convergence Divergence (MACD 12,26): 0, indicating neutrality.
• Average Directional Index (ADX 14): 30.544, signaling a sell.

Moving averages also reflected a bearish sentiment, with both simple and exponential moving averages over 5, 10, 50, 100, and 200-day periods indicating sell signals. (investing.com)

Forecasts and Predictions

Looking ahead, various forecasts provide insights into the potential movements of the INR/ZAR exchange rate:

• Short-Term Forecasts: For July 2, 2025, the expected low and high rates for ZAR to INR are 4.8241 and 4.8592, respectively. Over the next 7 days, the forecasted range is between 4.8340 and 4.8942. (bookmyforex.com)

• Long-Term Forecasts: Projections for the next 12 months suggest a gradual appreciation of the ZAR against the INR. For instance, by August 2025, the expected high and low rates are 4.8592 and 4.8241, respectively. By July 2026, the range is anticipated to be between 4.9456 and 4.6606. (bookmyforex.com)

• Five-Year Outlook: By 2030, the INR/ZAR exchange rate is projected to reach 0.236, indicating a potential appreciation of the Indian Rupee relative to the South African Rand over the long term. (walletinvestor.com)

Factors Influencing the Exchange Rate

Several factors contribute to the fluctuations in the INR/ZAR exchange rate:

• Economic Indicators: Differences in inflation rates, GDP growth, and trade balances between India and South Africa can impact the exchange rate.

• Monetary Policies: Decisions by the Reserve Bank of India and the South African Reserve Bank regarding interest rates and money supply influence currency values.

• Global Market Sentiment: Investor risk appetite, commodity prices (especially gold, which is significant for South Africa), and geopolitical events can cause shifts in currency demand.

Conclusion

The INR/ZAR exchange rate has exhibited a downward trend over the past six months, with technical indicators and forecasts suggesting potential further depreciation of the Indian Rupee against the South African Rand in the short term. However, long-term projections indicate a possible reversal, with the Rupee appreciating relative to the Rand by 2030. Investors and businesses engaged in transactions between these currencies should monitor economic indicators, central bank policies, and global market trends to make informed decisions.