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ZAR to CAD Market Data
South African rand (ZAR) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.
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1 ZAR = 0.082157 CAD
1d+0.1%▲
ZAR to CAD at 0.082062 is just 0.8% above its 3-month average of 0.08143, having traded in a very stable 2.9% range from 0.080036 to 0.082322
Is the ZAR to CAD Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the South African rand against the Canadian dollar is to review how the ZAR/CAD rate has changed over time.
The table below shows the percentage change in the ZAR to CAD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
The Canadian dollar (CAD) is currently exhibiting a stable performance against the South African rand (ZAR), trading at 12.18, which is just 0.9% below its...
The recent performance of the South African Rand (ZAR) against the US Dollar (USD) reflects a period of strengthening for the ZAR, bolstered by positive domestic developments.
The recent forecasts for the USD to CAD exchange rate indicate a potential weakening of the US dollar against the Canadian dollar as traders anticipate...
The CAD/ZAR exchange rate is currently range-bound. Key drivers include a wider interest rate gap favoring CAD due to Canada’s stable rates against South Africa's recent repo rate cuts, and stronger job growth in Canada. South Africa's moderate growth outlook presents challenges for the ZAR, especially amidst inflation concerns.
In the coming months, CAD/ZAR is expected to trade within a stable range, reflecting low volatility near current levels. Analysts note that CAD is stable, trading just below its three-month average, while ZAR may appreciate against the USD.
A significant recovery in oil prices could benefit CAD, while inflation worries in South Africa may lead to more aggressive rate cuts, posing downside risks for ZAR.
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CAD/ZAR is range-bound as the Bank of Canada keeps rates steady while South Africa cuts rates, widening the gap. Strong job growth in Canada supports the CAD, while modest growth in SA keeps ZAR cautious. Watch for oil price shifts and inflation in SA for potential moves
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ZAR to CAD Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much South African rand are worth in Canadian dollar across a range of amounts.
This gives a quick view of what you’d get when converting different ZAR amounts at today’s rate * :