Exchange Rate Calculator

The exchange rate between the South African Rand (ZAR) and the Japanese Yen (JPY) has exhibited notable fluctuations over the past few months. This report provides an analysis of the recent trends, technical indicators, and potential factors influencing the ZAR/JPY currency pair.

Recent Exchange Rate Trends

As of May 3, 2025, the ZAR/JPY exchange rate stands at approximately 8.12. Over the past three months, the pair has experienced a range of movements:

• March 2025: The exchange rate fluctuated between 8.02 and 8.13, with a closing rate of 8.1151 on March 12.

• February 2025: The pair saw a slight decline, closing at 8.0482 on February 28, down from 8.1191 at the beginning of the month.

• January 2025: The exchange rate remained relatively stable, with minor fluctuations around the 8.3 mark.

Technical Analysis

As of March 20, 2025, technical indicators suggested a bearish outlook for the ZAR/JPY pair:

• Relative Strength Index (RSI): At 42.55, indicating a sell signal.

• Moving Average Convergence Divergence (MACD): At -0.017, also suggesting a sell.

• Moving Averages: The 10-day and 20-day simple moving averages were below the 50-day moving average, reinforcing the bearish sentiment.

Factors Influencing the Exchange Rate

Several factors have contributed to the recent movements in the ZAR/JPY exchange rate:

• Economic Data: South Africa's economic performance, including GDP growth and trade balances, has influenced the Rand's strength.

• Monetary Policy: The Bank of Japan's continued accommodative monetary policy has impacted the Yen's valuation.

• Global Market Sentiment: Risk appetite among investors has affected demand for emerging market currencies like the Rand.

Forecast

Analysts forecast that the ZAR/JPY exchange rate could rise to 8.488 in the next three months, representing a 14.69% increase from the current rate.

Conclusion

The ZAR/JPY exchange rate has shown volatility influenced by economic indicators, monetary policies, and global market sentiment. While technical analysis as of March 2025 indicated a bearish trend, forecasts suggest potential appreciation in the coming months. Investors should monitor these factors closely when considering positions in this currency pair.