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Exchange Rate Forecasts

EUR to ZAR Forecasts

After performing strongly earlier in the week, the Euro to South African Rand exchange rate plunged on Wednesday, driven by market-wide movements following US President Donald Trump’s firing of FBI Director James Comey. EUR/ZAR has fallen from 14.77 to 14.67 so far this week. The Euro has seen poor performance this week so far, largely [...]

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A mixture of South African developments and positive Eurozone news has boosted the EUR/ZAR exchange rate. Last week saw the Euro rise against the battered Rand from 13.46 to 14.30. The Euro has risen by 0.9% against the Rand today, aided by strong signs of economic recovery in the currency bloc. As well as output [...]

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Political concerns have weighed heavily on the Euro since the start of the week, with investors jittery over the potential results of the Dutch election. Although far-right candidate Geert Wilders was seen to be falling back in the polls the prospect of another populist surprise could not be so readily ruled out. The future of [...]

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The Euro has fallen against the South African Rand today but could gain considerably in the near-term against the backdrop of increasing economic volatility in South Africa and a Greek debt situation that seems resolved for the moment. Last week saw the Euro Rand exchange rate fall from 14.23 on Monday and close trading in [...]

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The Euro has dropped by a small amount against the South African Rand today, though a recovery may still be seen in the pairing before the end of the week. This is due to an incoming South African event,  a State of the Nation (SONA) address from President Jacob Zuma. Last week saw the Euro [...]

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The Euro to South African Rand exchange rate plummeted on Wednesday afternoon as a leaked EU report warned that Brexit could potentially damage the remaining 27 members of the union if a ‘workable’ deal is not agreed upon. EUR ZAR currently sits around 14.43 following the report, down from 14.58 earlier this morning and close [...]

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As a new week of trading began the Euro dropped against the South African Rand. ZAR gains have mainly been caused by a sharp rise in gold prices following some unsettling behaviour by the new US President. Despite a few fluctuations in the Euro Rand exchange rate last week, the Euro was nonetheless able to advance [...]

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Surge in Risk-Sentiment Sees Euro Falls Vs Rand

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Date: January 12th, 2017.

Despite mixed South African ecostats and strong data from the Eurozone, the Euro to South African Rand exchange rate dropped on Thursday due to a sudden increase in demand for risk-correlated currencies. EUR/ZAR had fluctuated around the week’s opening levels but on Thursday the pair fell to a weekly low of 14.30. Demand for the [...]

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Although Eurozone data has proven largely positive this week, the EUR ZAR exchange rate has struggled to escape a downtrend. Investors have remained somewhat preoccupied with worries over the political outlook of the currency union, particularly amid speculation that Italy could be facing an early election. While there was no resurgence in concerns of the [...]

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The Euro to South African Rand exchange rate has tumbled over the past few days, despite further increasing joblessness in South Africa as investors focus on Eurozone monetary policy and the low odds it will be tightened any time soon. The Euro has weakened sharply against the Rand since the beginning of the week, falling [...]

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