Exchange Rate Calculator

The exchange rate between the South African Rand (ZAR) and the New Taiwan Dollar (TWD) has exhibited notable fluctuations over the past few months. This report provides an analysis of the ZAR/TWD exchange rate trends, highlighting key movements and potential influencing factors.

Recent Exchange Rate Trends

As of May 3, 2025, the ZAR/TWD exchange rate stands at approximately 1.7674. Over the past 50 days, the average exchange rate was 1.7674, indicating a slight depreciation of the Rand against the Taiwan Dollar. The highest exchange rate during this period was 1.7876 on February 7, 2025, and the lowest was 1.7361 on February 3, 2025.

Historical Context

In 2024, the ZAR/TWD exchange rate experienced significant volatility. The highest rate recorded was 1.8564 on October 4, 2024, while the lowest was 1.6333 on January 22, 2024. The average exchange rate for the year was 1.7525. This indicates that the Rand strengthened against the Taiwan Dollar in the latter part of 2024 before experiencing a decline in early 2025.

Factors Influencing the Exchange Rate

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

• Economic Performance: South Africa's economic indicators, such as GDP growth, inflation rates, and trade balances, have a direct impact on the Rand's value. Similarly, Taiwan's economic performance influences the TWD. Disparities in economic growth between the two countries can lead to exchange rate adjustments.

• Monetary Policies: Decisions by the South African Reserve Bank and the Central Bank of the Republic of China (Taiwan) regarding interest rates and monetary policies affect investor confidence and capital flows, thereby impacting the exchange rate.

• Global Market Sentiment: As an emerging market currency, the Rand is sensitive to global risk appetite. Periods of global economic uncertainty or risk aversion can lead to capital outflows from South Africa, weakening the Rand.

• Commodity Prices: South Africa is a major exporter of commodities. Fluctuations in commodity prices, such as gold and platinum, can influence the Rand's strength.

Outlook

Given the recent trends and influencing factors, the ZAR/TWD exchange rate is likely to remain subject to volatility. Investors and businesses engaged in transactions between South Africa and Taiwan should monitor economic indicators, central bank policies, and global market conditions to make informed decisions.

In conclusion, the ZAR/TWD exchange rate has experienced fluctuations influenced by a combination of domestic economic performance, monetary policies, global market sentiment, and commodity prices. Staying informed about these factors is crucial for stakeholders involved in financial activities between South Africa and Taiwan.