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Exchange Rate Calculator

Convert between currencies and track historical exchange rates

Amount

INR

120.58 INR

Exchange Rate

as of June 17, 2025 at 11:53 PM

ZAR 1 ZAR = INR 4.82 INR

Market analysis of ZAR to INR currency exchange rates

Analysis as of April 2025

The exchange rate between the South African Rand (ZAR) and the Indian Rupee (INR) has exhibited notable fluctuations over the past several months. Understanding these movements is essential for businesses, investors, and individuals engaged in trade or financial activities between South Africa and India.

Recent Exchange Rate Trends

As of March 19, 2025, the ZAR/INR exchange rate stood at 4.7627. Over the preceding six months, the rate experienced a high of 4.8911 on September 27, 2024, and a low of 4.5108 on January 10, 2025. The average exchange rate during this period was approximately 4.7069. (exchange-rates.org)

Monthly Performance Overview

  • September 2024: The exchange rate began at 4.7196 on September 2 and peaked at 4.8911 on September 27, marking a significant appreciation of the Rand against the Rupee. (exchange-rates.org)

  • October 2024: The rate fluctuated between 4.7501 and 4.8313, indicating relative stability compared to the previous month. (exchange-rates.org)

  • November 2024: The exchange rate reached a high of 4.8718 on November 7, followed by a decline to 4.6590 by November 12. (exchange-rates.org)

  • December 2024: The rate experienced a downward trend, starting at 4.6726 on December 1 and ending at 4.6699 on December 2. (exchange-rates.org)

  • January 2025: The exchange rate reached its lowest point of 4.5096 on January 10, reflecting a depreciation of the Rand against the Rupee. (exchange-rates.org)

  • February 2025: The rate showed signs of recovery, with fluctuations between 4.6774 and 4.7388. (exchange-rates.org)

  • March 2025: The exchange rate peaked at 4.8051 on March 6, indicating a strengthening of the Rand. (exchange-rates.org)

Factors Influencing Exchange Rate Movements

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

  1. Economic Indicators: Differences in economic growth rates, inflation, and interest rates between South Africa and India can influence currency valuations.

  2. Trade Balances: The trade dynamics between the two countries, including export and import volumes, affect demand and supply for respective currencies.

  3. Global Market Sentiment: Investor perceptions and global economic events can lead to capital flows that impact exchange rates.

  4. Political Developments: Political stability and policy decisions in either country can affect investor confidence and currency strength.

Implications for Stakeholders

Understanding these exchange rate trends is crucial for:

  • Businesses: Companies engaged in bilateral trade need to manage currency risk to protect profit margins.

  • Investors: Currency fluctuations can impact returns on investments denominated in foreign currencies.

  • Travelers and Remittances: Individuals sending money or traveling between the two countries should consider exchange rate trends for cost-effective transactions.

Conclusion

The ZAR/INR exchange rate has experienced significant volatility over the past several months, influenced by a complex interplay of economic, political, and global factors. Stakeholders should remain vigilant and consider these dynamics when making financial decisions involving these currencies.