Exchange Rate Calculator

The exchange rate between the South African Rand (ZAR) and the Canadian Dollar (CAD) has experienced notable fluctuations over the past few months. Understanding these movements is crucial for businesses, investors, and individuals engaged in trade or financial activities between South Africa and Canada.

Recent Exchange Rate Trends

In 2025, the ZAR/CAD exchange rate has exhibited both peaks and troughs:

• High Point: On March 11, 2025, the exchange rate reached its highest at 1 ZAR = 0.0794 CAD. (poundsterlinglive.com)

• Low Point: The lowest rate was recorded on April 10, 2025, with 1 ZAR equating to 0.0718 CAD. (poundsterlinglive.com)

• Average Rate: Throughout 2025, the average exchange rate has been approximately 0.0766 CAD per ZAR. (poundsterlinglive.com)

Monthly Breakdown

March 2025:

• The exchange rate began at 0.0774 CAD per ZAR on March 1 and peaked at 0.0794 CAD on March 11. (poundsterlinglive.com)

April 2025:

• A downward trend was observed, with the rate dropping to 0.0718 CAD per ZAR on April 10. (poundsterlinglive.com)

June 2025:

• The exchange rate showed signs of recovery, fluctuating between 0.0757 and 0.0774 CAD per ZAR. (poundsterlinglive.com)

Factors Influencing the Exchange Rate

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

1. Economic Indicators:

• South Africa: Economic performance, including GDP growth rates, inflation, and employment figures, directly impacts the Rand's strength.

• Canada: Similarly, Canada's economic health influences the Canadian Dollar.

1. Commodity Prices:

• Both countries are significant exporters of commodities. Fluctuations in global commodity prices can affect their respective currencies.

1. Monetary Policies:

• Decisions by the South African Reserve Bank and the Bank of Canada regarding interest rates and monetary policies play a crucial role in currency valuation.

1. Political Stability:

• Political events and stability in either country can lead to investor confidence or apprehension, influencing currency strength.

Forecasts and Future Outlook

Looking ahead, forecasts suggest a gradual appreciation of the ZAR against the CAD:

• Short-Term Forecast:

  • For July 2025, the exchange rate is projected to average around 0.0743 CAD per ZAR, with potential fluctuations between 0.0720 and 0.0769 CAD. (coincodex.com)

• Long-Term Forecast:

  • By the end of 2025, the exchange rate is expected to stabilize around 0.0730 CAD per ZAR. (midforex.com)

Implications for Stakeholders

Understanding these exchange rate trends is vital for various stakeholders:

• Businesses: Companies engaged in import/export between South Africa and Canada need to consider these fluctuations for pricing and contract negotiations.

• Investors: Currency movements can impact returns on investments denominated in either currency.

• Travelers: Individuals planning to travel between the two countries should be aware of exchange rate trends for budgeting purposes.

Conclusion

The ZAR/CAD exchange rate has experienced significant fluctuations in 2025, influenced by economic indicators, commodity prices, monetary policies, and political events. While short-term forecasts suggest continued volatility, long-term projections indicate a gradual appreciation of the Rand against the Canadian Dollar. Stakeholders should monitor these trends closely to make informed financial decisions.