|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
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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|South African Rand Currency Exchange Rate Forecast
|South African Rand Forecast
Recent Currency Exchange Rates
|South African Rand to US Dollar Graph (ZAR to USD) - 5 Yr. History