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Market Commentary  19183
April, 2015 Data:

The 12 month forecast for the South African Rand is in the table at the top of
this page. Forecast-Chart.com is forecasting that the exchange rate for the
South African Rand will be roughly 12.57 South African Rands to the USD. The
table shows a HDTFA of 1.55 which suggests that the May, 2016 currency
exchange rate could easily fall between 14.12 and 11.03 ZAR/USD. Links to
Forecasts for fourteen other currencies may be found by clicking Currency
Exchange Forecasts at the top of this page.

All data and calculations on this page are based on the average daily rate per
calendar month for ZAR/USD.

HISTORICAL EXCHANGE RATE SUMMARY: ZAR/USD
Average (Last 12 Months)        11.19
Average (Last 10 Years)          8.20
High (Last 12 Months)             12.09   (March, 2015)
Low (Last 12 Months)              10.41   (May, 2014)
High (Since January, 1971)      12.09   (March, 2015)
Low (Since January, 1971)       0.67   (July, 1974)

The South African Rand exchange rate for April, 2015 averaged 11.98 ZAR to
USD. That's 11.3 basis points lower than the March, 2015 rate of 12.09, and
144 basis points higher than the April, 2014 rate of 10.54.  The minor
movement in the ZAR/USD exchange rate from March to April provides
evidence that the short term trend in ZAR/USD is relatively flat. If that trend
continues in the currency market, we should see an average daily rate in May,
2015 that is close to 11.86.

The average South African Rand conversion rate over the last 12 months was
11.19. The average rate over the last 10 years was 8.20.  A higher South
African Rands to US Dollars exchange rate over the last 12 months compared
to the average rates over the last 10 years serve as an indicator that the long
term trend in ZAR/USD is up (strengthening US Dollar against the South African
Rand).

The highest currency rate for ZAR/USD over the last 12 months was 12.09. The
lowest was 10.41. The market high was attained in March, 2015. The market
low was achieved in May, 2014.

Forecast-Chart.com's historical research covers South African Rand data back
to January, 1971. The average exchange value during that period of history
was 4.22 ZAR/USD. The highest rate was 12.09. The lowest was 0.67.  The
market high was attained in March, of 2015. The market low was achieved in
July of 1974. Recent rates experienced in April of 2015 are high relative to the
historical 4.22 average.

This page provides a five year chart and a forecast for the South African Rand.
For links to longer term charts, look at the links under the five year chart
(above). One link opens a ten year chart. Another opens our longest term
graph on the South African Rand. Just one glance at our long term charts can
provide tremendous insight into the historical trends of the financial markets.
The table above presents additional historical information on the South African
Rand. Rate data is presented on an annual basis.
























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8.00
9.00
South African Rands per 1 US Dollar are shown in gray (average daily rate per calendar month). The
forecast for the target month is shown in green. If the line in the chart is falling (left to right), the U. S.
Dollar has weakened,
causing...
South African Rand (ZAR) Currency Exchange Forecast
Target Month
Forecast
HDTFA
Forecast for the currency exchange rate of the
South African Rand for the target month
indicated, shown in Rands per US Dollars
(ZAR/USD).
May 2016
12.57
1.55
Updated Friday, May 22, 2015.
South African Rand Currency Exchange Rate Forecast
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South African Rand Forecast
Recent Currency Exchange Rates
South African Rand to US Dollar Graph (ZAR to USD) - 5 Yr. History
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11.00
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Historical South African Rand Rate (ZAR)
Year
ZAR/USD
Year
ZAR/USD
Year
ZAR/USD
Year
ZAR/USD
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
0.71
0.77
0.70
0.68
0.74
0.87
0.87
0.87
0.84
0.78
0.88
1.09
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1.12
1.48
2.24
2.29
2.04
2.28
2.62
2.59
2.76
2.85
3.27
3.55
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
3.63
4.30
4.61
5.53
6.12
6.95
8.63
10.52
7.56
6.45
6.36
6.76
2007
2008
2009
2010
2011
2012
2013
2014
7.05
8.26
8.42
7.32
7.26
8.20
9.64
10.85
Average annual currency exchange rate for the South African Rand (Rands per U.S. Dollar)
is shown in this table: 1971 to present.
Forecast & Current Analysis: South African Rand (ZAR)
1/10
1/2011
1/2012
1/2013
1/2014
1/2015
1/2016
1/17
13.00