USD Zar Exchange Rate Forecast: Historical and Current Market Data

The USD/ZAR exchange rate has been on a wild ride, with fluctuations that can make even the most seasoned investors nervous. Historically, the South African rand has been one of the most volatile currencies in the world.

According to historical data, the USD/ZAR exchange rate has had a significant impact on South Africa's economy, with a 10% depreciation in the rand's value resulting in a 5% increase in inflation.

In recent years, the exchange rate has been influenced by various factors, including the country's economic growth, interest rates, and commodity prices. The rand's value has also been affected by global events, such as the COVID-19 pandemic and the US-China trade war.

As of 2022, the current USD/ZAR exchange rate is around 15.50, with a 12-month high of 16.50 and a 12-month low of 14.50.

The USD to ZAR exchange rate is a crucial piece of information for anyone traveling or doing business between the US and South Africa. The forecast for the exchange rate varies depending on the day and week.

On Monday, February 24, the USD to ZAR exchange rate was 18.36 Rands, with a maximum of 18.64 and a minimum of 18.08. This is a good starting point for anyone planning to exchange currency.

The exchange rate for Tuesday, February 25 was 18.20 Rands, with a maximum of 18.47 and a minimum of 17.93. This is a slight decrease from the previous day.

Here's a breakdown of the forecasted exchange rates for the next few weeks:

As you can see, the exchange rate fluctuates throughout the month, with some days seeing a slight increase or decrease. It's essential to keep an eye on the forecast to get the best exchange rate.

The exchange rate for Monday, March 10 was 18.24 Rands, with a maximum of 18.51 and a minimum of 17.97. This is a good rate for anyone exchanging currency.

On Tuesday, March 11, the exchange rate was 18.12 Rands, with a maximum of 18.39 and a minimum of 17.85. This is a slight decrease from the previous day.

The exchange rate for Friday, March 14 was 18.01 Rands, with a maximum of 18.28 and a minimum of 17.74. This is a good rate for anyone exchanging currency.

Overall, the USD to ZAR exchange rate is an essential piece of information for anyone traveling or doing business between the US and South Africa.

On Monday, February 24, the dollar to rand exchange rate was 18.36 Rands, with a maximum of 18.64 and a minimum of 18.08. This was the lowest minimum rate for the week.

The exchange rate fluctuated throughout the week, with the maximum rate reaching 18.64 on Monday, February 24, and the minimum rate dropping to 17.93 on Tuesday, February 25.

The exchange rate continued to fluctuate in the following weeks, with the maximum rate reaching 18.55 on Thursday, February 27, and the minimum rate dropping to 17.69 on Thursday, March 13.

Here is a summary of the exchange rates for the first week of the forecast:

The current exchange rate between the US dollar and the South African rand is a crucial piece of information for anyone traveling or conducting business across borders. As of the provided forecast data, the exchange rate is expected to fluctuate over the coming weeks.

On Monday, February 24, the exchange rate is predicted to be 18.36 Rands, with a maximum of 18.64 and a minimum of 18.08. This is a significant amount, considering it's already a substantial difference from the minimum rate.

In just a few days, on Tuesday, February 25, the exchange rate is forecasted to be 18.20 Rands, with a maximum of 18.47 and a minimum of 17.93. This shows a slight decrease from the previous day's maximum and minimum rates.

Here's a summary of the current exchange rate amounts:

These exchange rate amounts are subject to change and should be used as a guide only. It's always a good idea to check the current exchange rate before making any financial transactions.

The USD/ZAR pair has shown a clear upward trend since 2012, indicating the rand's depreciation against the US dollar.

The rand strengthened during specific periods, such as 2016-2018 and mid-2020 until mid-2021, but the overall trend remains upward.

The price of the USD/ZAR pair is gradually approaching an all-time high recorded in April 2020.

Experts observe that the upward trend has persisted despite some fluctuations, making it a potentially lucrative opportunity for traders to capitalize on.

The USD/ZAR exchange rate shows what one US dollar is worth in South African rands. If the rate is 18, it means that 18 South African rands are worth $1. This is a simple yet important concept to grasp when dealing with the USD/ZAR exchange rate.

The exchange rate is a direct reflection of the value of one currency in terms of another. In the case of USD/ZAR, it's a measure of how many South African rands you can get for one US dollar.

If the rate is high, it means the South African rand is strong and can buy more US dollars. Conversely, a low rate indicates the rand is weak and can buy fewer dollars.

The USD/ZAR exchange rate is influenced by a variety of factors, and understanding these factors can help you make informed trading decisions.

The overnight fee for both long and short positions is -0.0041%, which is applied at 22:00 (UTC).

The spread on the USD/ZAR pair is 0.00006, which is a relatively low spread that can help you save on trading costs.

South Africa's economy is heavily reliant on the prices of natural resources, including diamonds, gold, coal, and metal ores, which significantly impacts the long-term value of the rand.

Experts at TU point out that traders should pay attention to U.S. statistics, such as changes in the discount rate, inflation, and sectoral indices, when building their trading strategies.

The rand's value has historically been closely tied to the value of gold, which represented 10% of the country's total exports in 2020, or $13 billion.

Here are the key factors affecting the USD/ZAR rate:

The rand is also vulnerable to risk sentiment and major global economic developments, which can cause investors to sell out of the rand in times of higher global economic uncertainty.

The central pivot point for the USD/ZAR pair is at 10.7116, according to Binary Tribune's daily analysis. This is a key level to watch, as a breach could have significant consequences for the pair's movement.

If USD/ZAR manages to breach the first resistance level at 10.7358, it will probably continue up to test 10.7531. This indicates a potential bullish trend in the short term.

The mid-Pivot levels for today are as follows: M1 – 10.6615, M2 – 10.6822, M3 – 10.7030, M4 – 10.7237, M5 – 10.7445, M6 – 10.7652. These levels can be useful for traders looking to identify potential entry points.

In weekly terms, the central pivot point is at 10.6714. This level is a good benchmark for traders looking to gauge the pair's movement over a longer time frame.

Here are the three key resistance levels for the weekly timeframe:

Similarly, here are the three key support levels for the weekly timeframe:

The USD/ZAR pair has been on a wild ride over the past decade, with significant fluctuations in value.

In 2012, USD/ZAR traded at around 7.5, a relatively stable starting point. By late 2015, the rand had devalued significantly to 14.00, marking a substantial drop in value.

The pair continued to trend lower, reaching a record low of 19.3 against the USD as the pandemic hit. This low point was a stark contrast to the earlier 2016 high of 17.87.

However, the pair recovered somewhat, rising to 13 by mid-2021, a notable improvement from the pandemic-induced low. The pair then kicked off 2022 at 16, setting the stage for further fluctuations.

USD/ZAR trended steadily lower across the first three months of 2022, reaching a 2022 low of 14.44. From this low point, the pair started forming a series of higher highs and higher lows, a bullish sign.

By October 13, the pair had risen to 18.5, a notable increase from the earlier low. At the time of writing, the pair trades at 18.02, still within the range of higher highs and higher lows.

The central pivot point for the USD/ZAR pair is at 10.7116, according to Binary Tribune's daily analysis. This means that if the pair breaches certain resistance levels, it will likely continue to move in a specific direction.

The first resistance level to breach is at 10.7358, which would likely lead to a test of 10.7531. If the second key resistance is broken, the pair will probably attempt to advance to 10.7773. The mid-Pivot levels for today are also worth noting, ranging from M1 – 10.6615 to M6 – 10.7652.

In weekly terms, the central pivot point is at 10.6714, with three key resistance levels: R1 – 10.7718, R2 – 10.8510, and R3 – 10.9514. On the other hand, the three key support levels are: S1 – 10.5922, S2 – 10.4918, and S3 – 10.4126.

Here's a summary of the key levels to watch for the USD/ZAR pair:

Remember to keep an eye on these levels and adjust your trading strategy accordingly.

Analysts at ING expect the rand to weaken to 18.50 in the final quarter of 2022, before strengthening across the first half of 2023.

ING analysts Chris Turner, Francesco Pesole, and Frantisek Taborsky predict a strengthening trend in the rand, with a forecast of 17.50 in Q1, 17.25 in Q2, and 17.00 by the third quarter of next year.

Commerzbank analysts are less upbeat, predicting the pair to continue rising towards 20 due to the threat of a global recession.

As of 4 October, analysts at TradingEconomics forecast that USD/ZAR could be at 18.82 by the end of the quarter and 20.30 in one year's time.

Wallet Investor's algorithm-based forecast also predicted that the South African currency could weaken in the near term, with USD/ZAR ending 2022 at 18.10.

As we look to the future, it's essential to understand the forecast and prediction for the South African rand against the US dollar. Analysts at TradingEconomics predicted that USD/ZAR could be at 18.82 by the end of the quarter in 2022.

Several forecasts suggest the rand will continue weakening in the near term. Wallet Investor predicts USD/ZAR ending 2022 at 18.10, while AI Pickup forecasts a strengthening rand in the coming years, with a prediction of 13.8 for 2027.

ING analysts, however, expect the rand to weaken to 18.50 in the final quarter of 2022 before strengthening across the first half of 2023. They predict the rate to be 17.50 in Q1, 17.25 in Q2, and 17.00 by the third quarter of next year.

On the other hand, Commerzbank analysts are less optimistic, predicting the pair to continue rising towards 20 due to the threat of a global recession.

Here's a summary of some of the predictions for USD/ZAR in the coming years:

To accurately forecast and predict prices, a comprehensive methodology is essential.

Technical analysis tools are used to assess the probability of events influencing cryptocurrency prices.

Statistical instruments are also employed to provide a more accurate prediction.

Experts consider subjective factors to get a complete picture of the market.

These factors contribute to a comprehensive price prediction analysis.

The USD/ZAR exchange rate has a clear upward trend since 2012, indicating the rand's depreciation against the US dollar.

The rand strengthened during specific periods, such as 2016-2018 and mid-2020 until mid-2021, but the overall trend remains upward.

The price is gradually approaching an all-time high recorded in April 2020, which could be a significant milestone for traders.

In one year, the USD/ZAR exchange rate could go up from 18.377 to 19.527.