Exchange Rate in South Africa
The South African Rand was marked by considerable depreciation from 2013 to 2022, influenced by domestic economic challenges like power shortages, political uncertainty, and weak economic growth. The Rand's volatility was exacerbated during periods of global economic stress, notably during the 2020 COVID-19 pandemic.
The exchange rate ended 2022 at ZAR 17.02 per USD, compared to the end-2021 value of ZAR 15.96 per USD and the figure a decade earlier of ZAR 10.47 per USD in South Africa. For more exchange rate information, visit our dedicated page.
South Africa Exchange Rate Chart
Note: This chart displays Exchange Rate (vs USD) for South Africa from 2014 to 2023.
Source: Macrobond.
South Africa Exchange Rate Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Exchange Rate (ZAR per USD, eop) | 13.98 | 14.69 | 15.96 | 17.02 | 18.29 |
| Exchange Rate (ZAR per USD, aop) | 14.45 | 16.45 | 14.79 | 16.37 | 18.46 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects South African exchange rate projections for the next ten years from a panel of 16 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exchange rate forecast available for South African exchange rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our South African exchange rate projections.
Want to get access to the full dataset of South African exchange rate forecasts? Send an email to info@focus-economics.com.