Exchange Rate Calculator

The exchange rate between the South African Rand (ZAR) and the Swiss Franc (CHF) has experienced notable fluctuations over the past few months. This report provides an analysis of the ZAR/CHF exchange rate trends, key influencing factors, and potential future outlooks.

Recent Exchange Rate Trends

As of February 28, 2025, the ZAR/CHF exchange rate stood at 0.04884, marking a 0.29% increase from the previous day. Throughout February 2025, the exchange rate exhibited moderate volatility, with the highest recorded rate at 0.04960 and the lowest at 0.04795. The average exchange rate for the month was approximately 0.04884.

In January 2025, the exchange rate ranged between 0.04810 and 0.04895, indicating relative stability compared to February. The average rate for January was around 0.04840.

Looking further back, in November 2024, the ZAR/CHF exchange rate was higher, with rates such as 0.0542 on November 9 and 0.0559 on November 8. This suggests a gradual depreciation of the Rand against the Franc over the subsequent months.

Technical Analysis

As of January 7, 2025, technical indicators for the ZAR/CHF pair suggested a bearish outlook:

• Relative Strength Index (RSI 14): 44.824, indicating a sell signal.
• Moving Averages: Short-term moving averages (MA5, MA10, MA20) signaled a sell, while longer-term moving averages (MA50, MA100, MA200) indicated a buy.

These indicators reflect a short-term bearish trend, with potential support from longer-term bullish signals.

Factors Influencing the Exchange Rate

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

1. Economic Performance: South Africa's economic challenges, including slow growth and high unemployment, have exerted downward pressure on the Rand.

2. Monetary Policies: The Swiss National Bank's policies aimed at maintaining the Franc's strength have influenced the exchange rate dynamics.

3. Global Market Sentiment: Risk aversion in global markets often leads investors to seek safe-haven currencies like the Swiss Franc, impacting the ZAR/CHF pair.

4. Commodity Prices: As a major exporter of commodities, fluctuations in global commodity prices directly affect South Africa's trade balance and, consequently, the Rand's value.

Future Outlook

Given the current economic indicators and market conditions, the ZAR/CHF exchange rate may continue to experience volatility. Investors should monitor South Africa's economic reforms, global commodity price trends, and the Swiss National Bank's monetary policy decisions, as these factors will play crucial roles in shaping the future trajectory of the exchange rate.

In conclusion, while the ZAR/CHF exchange rate has shown a depreciating trend for the Rand over the past few months, ongoing economic developments and policy decisions will be key determinants of future movements.