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, reflecting a complex interplay of economic factors, market sentiments, and geopolitical events. Understanding these dynamics is crucial for investors, businesses, and policymakers engaged in activities involving these currencies.

Recent Exchange Rate Trends

As of July 3, 2025, the ZAR/CHF exchange rate stands at approximately 0.0449, indicating that one South African Rand is equivalent to 0.0449 Swiss Francs. (walletinvestor.com) This represents a decline of about 7.14% over the past six months, with the rate decreasing from 0.04942 CHF per ZAR on February 7, 2025, to a low of 0.04233 CHF on April 10, 2025. (exchange-rates.org)

Technical Analysis

Technical indicators as of April 16, 2025, suggested a strong buy signal for the ZAR/CHF pair. The Relative Strength Index (RSI) stood at 55.816, indicating a buy signal, while the Moving Average Convergence Divergence (MACD) was neutral. Short-term moving averages (MA5, MA10, MA20) signaled a buy, whereas longer-term moving averages (MA50, MA100) also indicated a buy. (investing.com)

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.

Forecast and Outlook

Analysts predict a potential decline in the ZAR/CHF exchange rate, with projections indicating a decrease from 0.0449 to 0.04063, representing a change of approximately -9.51%. (walletinvestor.com) This forecast suggests a bearish outlook for the Rand against the Franc in the near term.

Conclusion

The ZAR/CHF exchange rate has been subject to significant volatility over the past few months, influenced by a combination of economic indicators, monetary policies, and global market sentiments. While technical analysis as of April 2025 indicated a strong buy signal, recent forecasts suggest a potential decline in the exchange rate. Stakeholders should closely monitor these developments and consider the underlying factors when making decisions related to these currencies.