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Market Commentary  29165
August, 2018 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 15.83 South African Rands to the USD. The
table shows a HDTFA of 1.95 which suggests that the September, 2019
currency exchange rate could easily fall between 17.78 and 13.88 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)        12.94
Average (Last 10 Years)          10.41
High (Last 12 Months)             14.14   (November, 2017)
Low (Last 12 Months)              11.84   (March, 2018)
High (Since January, 1971)      16.33   (January, 2016)
Low (Since January, 1971)       0.67   (July, 1974)

The South African Rand exchange rate for August, 2018 averaged 14.01 ZAR
to USD. That's 64.2 basis points higher than the July, 2018 rate of 13.37, and
79 basis points higher than the August, 2017 rate of 13.21.  The rise in the
ZAR/USD exchange rate from July to August provides evidence that the short
term trend in ZAR/USD is up. In other words, a strengthening of the US Dollar
against the South African Rand in the short term. If that trend continues in the
currency market, we should see an average daily rate in September, 2018 that
is close to 14.65.

The average South African Rand conversion rate over the last 12 months was
12.94. The average rate over the last 10 years was 10.41.  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 14.14. The
lowest was 11.84. The market high was attained in November, 2017. The
market low was achieved in March, 2018.

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 4.88 ZAR/USD. The highest rate was 16.33. The lowest was 0.67.  The
market high was attained in January, of 2016. The market low was achieved in
July of 1974. Recent rates experienced in August of 2018 are high relative to
the historical 4.88 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.






















Data Source: Board of Governors of the Federal Reserve System (US), South
Africa / U.S. Foreign Exchange Rate [EXSFUS], retrieved from FRED, Federal
Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/EXSFUS

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10.00
12.00
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...
6.00
South African Rand Forecast
Recent Currency Exchange Rates
South African Rand to US Dollar Graph (ZAR to USD) - 5 Yr. History
14.00
16.00
18.00
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
2015
2016
2017
7.05
8.26
8.42
7.32
7.26
8.20
9.64
10.85
12.79
14.69
13.09
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)
20.00
1/14
1/2015
1/2016
1/2017
1/2018
1/2019
1/2020
1/21
South African Rand Currency Exchange Rate Forecast
   
Target Month:
Forecast:
HDTFA:
September,2019
15.83
1.95
 
Forecast for the currency exchange rate of the South African Rand for
the target month indicated, shown in Rands per US Dollars (ZAR/USD).
See commentary below.