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NZD to ZAR 2026 Forecasts

Analysis of recent kiwi → rand forecasts for 2026. We collate forecasts from respected FX analysts together with the latest New Zealand dollar to South African rand performance and trends.

 

NZD/ZAR Outlook:

Slightly positive, but likely to move sideways due to its position near the 90-day average and within the recent range.

Key drivers:

• Rate gap: The Reserve Bank of New Zealand's signals of interest rate cuts contrast with the South African Reserve Bank's high rates, creating a competitive edge for the ZAR.

• Risk/commodities: Rising global oil prices may boost the ZAR due to its supportive effect on commodity exports, while the NZD faces pressures from fluctuating dairy market trends.

• One macro factor: Ongoing global trade tensions, particularly with the U.S. and China, could hinder NZD performance by adding uncertainty to New Zealand’s export outlook.

Range:

Expect the NZD/ZAR to likely drift within its recent trading range, given current conditions.

What could change it:

• Upside risk: An unexpected rebound in commodity prices could strengthen the NZD as export revenue rises.

• Downside risk: Further deterioration in labor market conditions in New Zealand may weaken the NZD against the ZAR.

NZD-ZAR Rate Calculator

 
   
   
   
   
 
   
 
 

NZD to ZAR Market Data

New Zealand dollar (NZD) to South African rand (ZAR) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell NZD   →   Buy ZAR
1 NZD =
9.6421We compare provider deals to this wholesale mid-market rate. Read more
ZAR
1d+0.2%▲
 
NZD to ZAR at 9.6285 is just below its 3-month average, having traded in a quite stable 5.2% range from 9.3746 to 9.8617
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  1 ZAR = 0.1037 NZD

Compare & Save - New Zealand dollar to South African rand

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare New Zealand dollar (NZD) to South African rand (ZAR) rates from different sources before making a conversion.

Use our NZD to ZAR calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Kiwi to Rand currency rates and the possible savings of using various providers.

 
 

Will the New Zealand dollar rise against the South African rand?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the New Zealand dollar vs South African rand current value is to look the NZD/ZAR historic rate and change over a range of periods.

The following table looks at the change in the NZD to ZAR exchange rate over periods from the previous week back to the last 10 years.

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add NZD/ZAR to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more