Exchange Rate Calculator

The exchange rate between the Mexican Peso (MXN) 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 potential future outlooks.

Recent Exchange Rate Trends

As of July 2, 2025, the MXN/ZAR exchange rate stands at approximately 0.9403, indicating that one Mexican Peso equals 0.9403 South African Rand. (wise.com) Over the past 180 days, the exchange rate has ranged from a low of 0.89397 ZAR on March 6, 2025, to a high of 0.95916 ZAR on April 27, 2025. (exchangerates.org.uk) The average exchange rate during this period was 0.92116 ZAR.

Factors Influencing the Exchange Rate

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

1. Economic Indicators: Both Mexico and South Africa have experienced varying economic performances. For instance, South Africa's industrial production showed a year-on-year increase of 1.9% in March 2025, surpassing the expected 1.5% and recovering from a previous decline of 1.2%. (investing.com) Such economic data can influence investor confidence and currency valuations.

2. Commodity Prices: Both nations are significant exporters of commodities. Fluctuations in global commodity prices, such as oil for Mexico and minerals for South Africa, can impact their respective currencies.

3. Monetary Policies: Decisions by the central banks of both countries regarding interest rates and monetary policies can affect currency strength. Divergent monetary policies can lead to capital flows that influence exchange rates.

4. Political Events: Political stability and policy decisions in either country can impact investor sentiment and, consequently, currency values.

Technical Analysis

Technical indicators as of June 30, 2025, suggest a neutral outlook for the MXN/ZAR pair. The Relative Strength Index (RSI) stands at 50.169, indicating neither overbought nor oversold conditions. Moving averages present a mixed signal, with short-term averages suggesting a sell and longer-term averages indicating a buy. (ng.investing.com)

Future Outlook

Forecasts for the MXN/ZAR exchange rate suggest a gradual appreciation of the Mexican Peso against the South African Rand. Projections indicate an average rate of 0.8806 ZAR in June 2025, with a slight increase to 0.8819 ZAR in July 2025. By December 2025, the average rate is expected to reach 0.8841 ZAR. (midforex.com)

Conclusion

The MXN/ZAR exchange rate has experienced moderate volatility over the past few months, influenced by economic indicators, commodity prices, monetary policies, and political events in both countries. While technical analysis currently suggests a neutral stance, forecasts indicate a potential gradual appreciation of the Mexican Peso against the South African Rand in the coming months. Investors should monitor these factors closely to make informed decisions regarding this currency pair.