About the US Dollar to South African Rand exchange rate
The USD/ZAR pair shows how many South African Rand (ZAR) one US Dollar (USD) buys. Eulerpool publishes the live mid-market rate together with a converter, a one-year chart and conversion tables so you can value cash, invoices and investments in both currencies.
USD/ZAR is quoted as ZAR per one USD. At 16.646, 1 USD equals 16.646 ZAR and 1 ZAR equals 0.0601 USD. The inverse pair is ZAR/USD.
The rate moves with interest-rate differentials, inflation, growth and capital flows between the US Dollar and South African Rand areas. Treasury teams, investors and travelers use USD/ZAR to convert prices, hedge FX risk and compare returns.
How USD/ZAR is quoted
In USD/ZAR, USD is the base currency and ZAR is the quote currency: the price is how many South African Rand buy one US Dollar. A rise in USD/ZAR means US Dollar strengthened against South African Rand; a fall means US Dollar weakened.
What drives the US Dollar to South African Rand rate
The USD/ZAR rate mainly reflects the policy-rate gap, relative inflation, current-account balances and risk appetite between the US Dollar and South African Rand economies. CPI, employment, GDP surprises and central-bank decisions typically cause the largest daily moves.