About the Zuid-Afrikaanse rand to Amerikaanse dollar exchange rate
The ZAR/USD pair shows how many Amerikaanse dollar (USD) one Zuid-Afrikaanse rand (ZAR) 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.
ZAR/USD is quoted as USD per one ZAR. At 0,0600, 1 ZAR equals 0,0600 USD and 1 USD equals 16,663 ZAR. The inverse pair is USD/ZAR.
The rate moves with interest-rate differentials, inflation, growth and capital flows between the Zuid-Afrikaanse rand and Amerikaanse dollar areas. Treasury teams, investors and travelers use ZAR/USD to convert prices, hedge FX risk and compare returns.
How ZAR/USD is quoted
In ZAR/USD, ZAR is the base currency and USD is the quote currency: the price is how many Amerikaanse dollar buy one Zuid-Afrikaanse rand. A rise in ZAR/USD means Zuid-Afrikaanse rand strengthened against Amerikaanse dollar; a fall means Zuid-Afrikaanse rand weakened.
What drives the Zuid-Afrikaanse rand to Amerikaanse dollar rate
The ZAR/USD rate mainly reflects the policy-rate gap, relative inflation, current-account balances and risk appetite between the Zuid-Afrikaanse rand and Amerikaanse dollar economies. CPI, employment, GDP surprises and central-bank decisions typically cause the largest daily moves.