Introduction:
The exchange rate between the Euro (EUR) and South African Rand (ZAR) is a key indicator for traders and businesses operating between Europe and South Africa. In this article, we will delve into the predictions for the Euro to Rand exchange rate in the near future, as well as explore its historical trends and the factors that contribute to its fluctuations.
Euro to Rand Exchange Rate History:
Over the past four months, the Euro to Rand exchange rate has experienced fluctuations on a daily basis. However, the current rate stands at 19.9368 Rands per 1 Euro. It is important to note that the rate has decreased by -0.42% compared to the previous day’s rate. This highlights the dynamic nature of the exchange rate and the need for regular updates.
Predictions for Tomorrow and the Weeks Ahead:
According to recent forecasts, the Euro to Rand exchange rate is predicted to be 19.39 Rands on Wednesday, November 1. While exchange rates can be subject to change, this forecast provides an estimate for traders and businesses to plan their financial activities.
Euro to Rand FOR THE UPCOMING DAYS
| Date | Weekday | Min | Max | Rate |
|---|---|---|---|---|
| 30/10 | Monday | 19.56 | 20.16 | 19.86 |
| 31/10 | Tuesday | 19.38 | 19.98 | 19.68 |
| 01/11 | Wednesday | 19.39 | 19.99 | 19.69 |
| 02/11 | Thursday | 19.37 | 19.95 | 19.66 |
| 03/11 | Friday | 19.46 | 20.06 | 19.76 |
| 06/11 | Monday | 19.47 | 20.07 | 19.77 |
| 07/11 | Tuesday | 19.57 | 20.17 | 19.87 |
| 08/11 | Wednesday | 19.69 | 20.29 | 19.99 |
| 09/11 | Thursday | 19.74 | 20.34 | 20.04 |
| 10/11 | Friday | 19.63 | 20.23 | 19.93 |
| 13/11 | Monday | 19.56 | 20.16 | 19.86 |
| 14/11 | Tuesday | 19.61 | 20.21 | 19.91 |
| 15/11 | Wednesday | 19.42 | 20.02 | 19.72 |
| 16/11 | Thursday | 19.19 | 19.77 | 19.48 |
| 17/11 | Friday | 19.17 | 19.75 | 19.46 |
| 20/11 | Monday | 19.03 | 19.61 | 19.32 |
| 21/11 | Tuesday | 19.29 | 19.87 | 19.58 |
| 22/11 | Wednesday | 19.38 | 19.98 | 19.68 |
| 23/11 | Thursday | 19.48 | 20.08 | 19.78 |
| 24/11 | Friday | 19.63 | 20.23 | 19.93 |
| 27/11 | Monday | 19.52 | 20.12 | 19.82 |
| 28/11 | Tuesday | 19.43 | 20.03 | 19.73 |
| 29/11 | Wednesday | 19.42 | 20.02 | 19.72 |
| 30/11 | Thursday | 19.67 | 20.27 | 19.97 |
Predictions for 2023 and Beyond:
A report by Nedbank suggests that the Euro to Rand exchange rate is expected to rise to 19.941by the end of 2023. However, it is important to consider that Rand’s performance is influenced by various factors and can be subject to volatility. The currency’s appreciation is expected to remain within the range of 17.6-17.7 in 2022. In the coming years, the Euro to Rand exchange rate is likely to remain range-bound, reflecting the economic environment and developments in the Eurozone.
EUR to ZAR forecast on Monday, October, 30: exchange rate 19.86 Rands, maximum 20.16, minimum 19.56. EUR to ZAR prediction on Tuesday, October, 31: exchange rate 19.68 Rands, maximum 19.98, minimum 19.38. EUR to ZAR forecast on Wednesday, November, 1: exchange rate 19.69 Rands, maximum 19.99, minimum 19.39. EUR to ZAR prediction on Thursday, November, 2: exchange rate 19.66 Rands, maximum 19.95, minimum 19.37. EUR to ZAR forecast on Friday, November, 3: exchange rate 19.76 Rands, maximum 20.06, minimum 19.46.
In a week, the following exchange rates were predicted for EUR to ZAR: on Monday, November 6, 19.77 Rands, maximum 20.07, minimum 19.47; on Tuesday, November 7, 19.87 Rands, maximum 20.17, minimum 19.57; on Wednesday, November 8, 19.99 Rands, maximum 20.29, minimum 19.69; on Thursday, November 9, 20.04 Rands, maximum 20.34, minimum 19.74; and on Friday, November 10, 19.93 Rands, maximum 20.23, minimum 19.63.
GBP to ZAR Forecast 2023, 2024-2027.
Live Rand Exchange Rates.
Two weeks from now, on Monday, November 13, the EUR to ZAR forecast is 19.86 Rands, maximum 20.16, minimum 19.56; on Tuesday, November 14, the EUR to ZAR prediction is 19.91 Rands, maximum 20.21, minimum 19.61; on Wednesday, November 15, the EUR to ZAR forecast is 19.72 Rands, maximum 20.02, minimum 19.42; on Thursday, November 16, the EUR to ZAR forecast is 19.48 Rands, maximum 19.77, minimum 19.19; and on Friday, November 17, the EUR to ZAR forecast is 19.46 Rands, maximum 19.75, minimum 19.17.
In three weeks, the following will happen to the EUR to ZAR prediction: on Monday, November 20, it will be 19.32 Rands, maximum 19.61, minimum 19.03. On Tuesday, November 21, it will be 19.58 Rands, maximum 19.87, minimum 19.29. On Wednesday, November 22, it will be 19.68 Rands, maximum 19.98, minimum 19.38. On Thursday, November 23, it will be 19.78 Rands, maximum 20.08, minimum 19.48. On Friday, November 24, it will be 19.93 Rands, maximum 20.23, minimum 19.63.
Monday, November 27, is the forecasted 4-week EUR to ZAR exchange rate: 19.82 Rands, maximum 20.12, lowest 19.52. Tuesday, November 28th, predicted EUR to ZAR exchange rate: 19.73 Rands, maximum 20.03, minimum 19.43.
Euro to Rand Forecast for 2023, 2024, 2025, 2026 And 2027
Month Open Low-High Close Mo %, Total, %
2023
Oct 20.00 19.38-20.96 19.68 -1.6% -1.6%
Nov 19.68 19.03-20.34 19.43 -1.3% -2.9%
Dec 19.43 18.70-19.43 18.98 -2.3% -5.1%
2024
Jan 18.98 18.98-19.84 19.55 3.0% -2.3%
Feb 19.55 18.68-19.55 18.96 -3.0% -5.2%
Mar 18.96 18.13-18.96 18.41 -2.9% -8.0%
Apr 18.41 18.41-19.24 18.96 3.0% -5.2%
May 18.96 18.96-19.82 19.53 3.0% -2.3%
Jun 19.53 19.12-19.70 19.41 -0.6% -3.0%
Jul 19.41 19.41-20.22 19.92 2.6% -0.4%
Aug 19.92 19.92-20.83 20.52 3.0% 2.6%
Sep 20.52 20.52-21.16 20.85 1.6% 4.3%
Oct 20.85 20.33-20.95 20.64 -1.0% 3.2%
Nov 20.64 20.64-21.35 21.03 1.9% 5.2%
Dec 21.03 21.03-21.98 21.66 3.0% 8.3%
2025
Jan 21.66 21.63-22.29 21.96 1.4% 9.8%
Feb 21.96 21.50-22.16 21.83 -0.6% 9.1%
Mar 21.83 21.83-22.58 22.25 1.9% 11.3%
Apr 22.25 22.00-22.66 22.33 0.4% 11.7%
May 22.33 22.33-23.35 23.00 3.0% 15.0%
Jun 23.00 21.98-23.00 22.31 -3.0% 11.6%
Jul 22.31 21.94-22.60 22.27 -0.2% 11.4%
Aug 22.27 21.28-22.27 21.60 -3.0% 8.0%
Sep 21.60 20.97-21.61 21.29 -1.4% 6.5%
Oct 21.29 21.29-22.26 21.93 3.0% 9.7%
Month Open Low-High Close Mo,% Total,%
2025 Continuation
Nov 21.93 21.81-22.47 22.14 1.0% 10.7%
Dec 22.14 22.14-22.86 22.52 1.7% 12.6%
2026
Jan 22.52 21.93-22.59 22.26 -1.2% 11.3%
Feb 22.26 22.26-23.16 22.82 2.5% 14.1%
Mar 22.82 22.65-23.33 22.99 0.7% 15.0%
Apr 22.99 21.97-22.99 22.30 -3.0% 11.5%
May 22.30 22.11-22.79 22.45 0.7% 12.3%
Jun 22.45 21.45-22.45 21.78 -3.0% 8.9%
Jul 21.78 21.22-21.86 21.54 -1.1% 7.7%
Aug 21.54 21.54-22.46 22.13 2.7% 10.7%
Sep 22.13 21.19-22.13 21.51 -2.8% 7.6%
Oct 21.51 20.69-21.51 21.01 -2.3% 5.1%
Nov 21.01 20.07-21.01 20.38 -3.0% 1.9%
Dec 20.38 19.47-20.38 19.77 -3.0% -1.2%
2027
Jan 19.77 19.64-20.24 19.94 0.9% -0.3%
Feb 19.94 19.94-20.85 20.54 3.0% 2.7%
Mar 20.54 20.22-20.84 20.53 0.0% 2.7%
Apr 20.53 19.61-20.53 19.91 -3.0% -0.4%
May 19.91 19.91-20.79 20.48 2.9% 2.4%
Jun 20.48 20.48-21.41 21.09 3.0% 5.5%
Jul 21.09 21.09-22.05 21.72 3.0% 8.6%
Aug 21.72 21.72-22.71 22.37 3.0% 11.9%
Sep 22.37 21.39-22.37 21.72 -2.9% 8.6%
Oct 21.72 20.75-21.72 21.07 -3.0% 5.4%
Nov 21.07 21.07-21.77 21.45 1.8% 7.3%
Forecast for October 2023: EUR to ZAR. first for 20.00 Rands. Minimum 19.38, maximum 20.96. The mean currency rate is 20.01. Forecast for EUR to ZAR at month’s end: 19.68; October change: -1.6%.
Prediction of EUR to ZAR for November 2023. Initially, at 19.68 Rands. Minimum 19.03, maximum 20.34. 19.62 is the average exchange rate. Forecast for EUR to ZAR at month’s end is 19.43; change for November is -1.3%.
Forecast for EUR to ZAR in December 2023. Initially, at 19.43 Rands. 19.43 maximum, 18.70 minimum. 19.14 is the average exchange rate. Forecast for EUR to ZAR at month’s end: 18.98; change for December: -2.3%.
USD to ZAR Forecast 2023, 2024-2027.
Outlook for EUR to ZAR in February 2024. Initially, at 19.55 Rands. 19.55 maximum, 18.68 minimum. 19.19 is the average exchange rate. Forecast for EUR to ZAR at month’s end is 18.96; change for February is -3.0%.
March 2024 EUR to ZAR forecast. at the starting price of 18.96 Rands. 18.13 at minimum, 18.96 at maximum. 18.62 is the average exchange rate. Forecast for EUR to ZAR at month’s end is 18.41; change for March is -2.9%.
Forecast for EUR to ZAR in April 2024. at the starting price of 18.41 Rands. 19.24 maximum, 18.41 minimum. 18.76 is the average exchange rate. Forecast for EUR to ZAR at month’s end is 18.96, with a 3.0% move for April.
Forecast for EUR to ZAR in May 2024. at the starting price of 18.96 Rands. Maximum 19.82, minimum 18.96. 19.32 is the average exchange rate. Forecast for EUR to ZAR at month’s end is 19.53, with a 3.0% move for May.
Forecast for EUR to ZAR in June 2024. Initially, at 19.53 Rands. 19.12 minimum, 19.70 maximum. 19.44 is the average exchange rate. Forecast for EUR to ZAR at month’s end is 19.41; change for June is -0.6%.
Forecast from EUR to ZAR for July 2024. Initially, at 19.41 Rands. Minimum 19.41, maximum 20.22. 19.74 is the average exchange rate. Forecast for EUR to ZAR at month’s end is 19.92, with a 2.6% move for July.
Forecast for August 2024 of EUR to ZAR. At the start, at 19.92 Rand. Minimum 19.92, maximum 20.83. The mean currency rate is 20.30. Forecast for EUR to ZAR at month’s end is 20.52; August’s change is 3.0%.
Prediction of EUR to ZAR for September 2024. Initially, at 20.52 Rands. 21.16 at maximum, 20.52 at minimum. The mean currency rate is 20.76. Forecast for EUR to ZAR at month’s end is 20.85; September change is 1.6%.
Forecast for October 2024: EUR to ZAR. Initially, at 20.85 Rands. Lowest 20.33, maximum 20.95. The mean currency rate is 20.69. Forecast from EUR to ZAR at month’s end of 20.64; October change is -1.0%.
Prediction of EUR to ZAR for November 2024. Initially, at 20.64 Rands. 20.64 at least, maximum 21.35. The mean currency rate is 20.92. Forecasted change for November is 1.9% from EUR to ZAR at the end of the current month, 21.03.
Forecast for EUR to ZAR in December 2024. Initially, at 21.03 Rands. 21.98 at maximum, 21.03 at minimum. 21.43 is the average exchange rate. Forecast for EUR to ZAR at month’s end is 21.66; change for December is 3.0%.
Forecast for January 2025: EUR to ZAR. Initially, at 21.66 Rands. 22.29 at maximum, 21.63 at minimum. 21.89 is the average exchange rate. Forecast for EUR to ZAR at month’s end is 21.96; January’s move is 1.4%.
Forecast for February 2025 of EUR to ZAR. Initially, at 21.96 Rands. 22.16 at maximum, 21.50 at minimum. The mean currency rate is 21.86. Forecast for EUR to ZAR at month’s end is 21.83; change for February is -0.6%.
March 2025 EUR to ZAR forecast. Initially, at 21.83 Rands. 22.58 at maximum, 21.83 at minimum. The mean currency rate is 22.12. Forecast for EUR to ZAR at month’s end is 22.25; change for March is 1.9%.
Forecast for EUR to ZAR in April 2025. Initially, at 22.25 Rands. Minimum of 22.00, maximum of 22.66. The mean currency rate is 22.31. Forecast for EUR to ZAR at month’s end is 22.33; change for April is 0.4%.
Forecast for EUR to ZAR in May 2025. Initially, at 22.33 Rands. Lowest 22.33, maximum 23.35. 22.75 is the average exchange rate. Forecast for EUR to ZAR at month’s end of 23.00; modification for May 3.0%.
Forecast for EUR to ZAR in June 2025. starting at twenty-three Rands. Minimum of 21.98, maximum of 23.00. The mean currency rate is 22.57. Forecast for EUR to ZAR at month’s end, 22.31; change for June -3.0%.
Prediction of EUR to ZAR for July 2025. Initially, at 22.31 Rands. 22.60 at maximum, 21.94 at minimum. The mean currency rate is 22.28. Forecast for EUR to ZAR at month’s end: 22.27; July change: -0.2%.
Forecast for August 2025 of EUR to ZAR. Initially, at 22.27 Rands. 21.28 at minimum, 22.27 at maximum. The mean currency rate is 21.86. Forecast for EUR to ZAR at month’s end is 21.60; August is a move of -3.0%.
Forecast for September 2025 of EUR to ZAR. Initially, at 21.60 Rands. 21.61 at maximum, 20.97 at minimum. 21.37 is the average exchange rate. Forecast for EUR to ZAR at month’s end: 21.29; September change: -1.4%.
Forecast for October 2025: EUR to ZAR. Initially, at 21.29 Rands. 21.29 at least, maximum 22.26. 21.69 is the average exchange rate. Forecast for EUR to ZAR at month’s end is 21.93, with a change for October of 3.0%.
Forecast of EUR to ZAR for November 2025. Initially, at 21.93 Rands. 22.47 at maximum, 21.81 at minimum. The mean currency rate is 22.09. Forecast for EUR to ZAR at month’s end: 22.14; change for November: 1.0%.
Forecast for EUR to ZAR in December 2025. Initially, at 22.14 Rands. 22.14 at least, 22.86 at maximum. The mean currency rate is 22.42. Forecast for EUR to ZAR at month’s end is 22.52; change for December is 1.7%.
Forecast for January 2027: EUR to ZAR. first for 19.77 Rands. 19.64 minimum, 20.24 maximum. 19.90 is the average exchange rate. Forecast for EUR to ZAR at month’s end is 19.94, with a 0.9% move for January.
Forecast for February 2027: EUR to ZAR. in the start, 19.94 Rands. Minimum 19.94, maximum 20.85. The mean currency rate is 20.32. Forecast for EUR to ZAR at month’s end is 20.54; change for February is 3.0%.
March 2027 EUR to ZAR forecast. Initially, at 20.54 Rands. At most 20.84, at least 20.22. The mean currency rate is 20.53. Forecast for EUR to ZAR at month’s end is 20.53; change for March is 0.0%.
Forecast for EUR to ZAR in April 2027. Initially, at 20.53 Rands. Minimum 19.61, maximum 20.53. The mean currency rate is 20.15. Forecast for EUR to ZAR at month’s end is 19.91; April’s move is -3.0%.
Forecast for EUR to ZAR in May 2027. at the start, 19.91 Rands. Minimum 19.91, maximum 20.79. The mean currency rate is 20.27. Forecast for EUR to ZAR at month’s end is 20.48; change for May is 2.9%.
Forecast for EUR to ZAR in June 2027. Initially, at 20.48 Rands. 20.48 at minimum, 21.41 at maximum. The mean currency rate is 20.87. Forecast for EUR to ZAR at month’s end of 21.09; change for June 3.0%.
Forecast of EUR to ZAR for July 2027. Initially, at 21.09 Rands. 22.05 at maximum, 21.09 at minimum. 21.49 is the average exchange rate. Forecast for EUR to ZAR at month’s end is 21.72; change for July is 3.0%.
Forecast for August 2027: EUR to ZAR. Initially, at 21.72 Rands. 22.71 at maximum, 21.72 at minimum. The mean currency rate is 22.13. Forecasted exchange rate between EUR and ZAR at month’s end is 22.37; August change is 3.0%.
Prediction of EUR to ZAR for September 2027. Initially, at 22.37 Rands. 21.39 at minimum, 22.37 at maximum. 21.96 is the average exchange rate. Forecast for EUR to ZAR at month’s end is 21.72; September’s change is -2.9%.
Forecast for October 2027: EUR to ZAR. Initially, at 21.72 Rands. 21.72 at maximum, 20.75 at minimum. The mean currency rate is 21.32. Forecast for EUR to ZAR at month’s end of July 21.0%, with a change for October.
EUR to ZAR prediction for November 2027. In the beginning at 21.07 Rands. Maximum 21.77, minimum 21.07. The averaged exchange rate 21.34. EUR to ZAR forecast at the end of the month 21.45, change for November 1.8%.
Factors Influencing the Euro to Rand Exchange Rate:
Several factors contribute to the fluctuations in the Euro to Rand exchange rate. Here are four key factors to consider:
Global Economic Conditions:
Economic conditions in both Europe and South Africa impact the exchange rate. Factors such as GDP growth, inflation rates, and monetary policies can influence investor sentiment and currency valuation.
Commodity Prices:
South Africa is a major exporter of commodities such as gold, platinum, and diamonds. Fluctuations in commodity prices can affect the demand for the Rand, thereby impacting its exchange rate against the Euro.
Interest Rates:
Interest rate differentials between the European Central Bank (ECB) and the South African Reserve Bank (SARB) can affect the attractiveness of each currency. Higher interest rates in South Africa may attract foreign investors, leading to an appreciation in the Rand.
Political and Geopolitical Factors:
Political stability and geopolitical events can have a significant impact on currency valuations. Uncertainty or instability can lead to a depreciation in the Rand, while positive developments can result in its appreciation.
FAQs
How high will the euro go?
The EURUSD was predicted by economists to rise to 1.10 by the end of 2023. By year’s end in 2024, the EUR USD is expected to hit 1.15.
What is the euro to run in May 2023?
On May 25, 2023, the best exchange rate was 21.2708 ZAR. 199241 ZAR will be the average exchange rate in 2023.
What will the dollar to rand be in 2025?
This trend is expected to continue, increasing to R16.00/USD in 2024, R15.00/USD in 2025, and R14.00/USD in 2026, according to Goldman Sachs.
Is the rand a strong currency?
The rand is not as strong as the majority of major world currencies, such as the dollar, pound sterling, and euro, but it is still rather strong in a few select nations.
Which is stronger: the rand or rupee?
The Rand is indeed more powerful than the Indian Rupee. 1 ZAR is currently equivalent to 4.72 INR. In 2021, South Africa will have a GDP per capita of USD 7,055, whereas India’s would be USD 2,256.
Conclusion
While predicting the Euro to Rand exchange rate with absolute certainty is challenging, it is possible to gain insights into its future movements by analyzing historical trends and considering various economic and geopolitical factors. Traders and businesses should remain updated on the latest exchange rate information and consult financial experts to make informed decisions.