ZAR/EUR Exchange Rate Today, Forecast & News

ZAR/EUR
South African Rand - Euro
Closed
0.04903-0.00027 (-0.55%)
As of: May 31, 2024 22:00 UTC
Open
0.04930
High
0.04954
Low
0.04871

Stats

Prev. Close

0.04930

Open

0.04930

Day's Range

0.04871 - 0.04954

52 Week Range

0.04704 - 0.05180

YTD Change

-0.97%

1 Year Change

3.58%

Economic CalendarAll Events

Time zone: GMT

Friday, May 31st 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
09:00	EUR	Inflation Rate YoY PrelMay	High	0.8%	0.8%	0.8%
09:00	EUR	Inflation Rate MoM PrelMay	Medium	0.2%	0.2%	0.1%
09:00	EUR	Inflation Rate YoY FlashMay	High	2.6%	2.5%	2.4%
12:00	ZAR	Balance of TradeApr	Medium	ZAR10.47B	ZAR 3.5B	ZAR9.16B

Monday, June 3rd 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
07:15	EUR	HCOB Manufacturing PMIMay	Medium		52.5	52.2
07:45	EUR	HCOB Manufacturing PMIMay	Medium		48	47.3
07:50	EUR	HCOB Manufacturing PMI FinalMay	Medium		46.7	45.3

ZAR/EUR

The South African Rand to Euro currency pair juxtaposes South Africa's resource-intensive economy with the diverse economic landscape of the Eurozone, which ranges from industrial powerhouses to Mediterranean tourism and agriculture-focused economies. The Rand often moves with commodity market trends and internal economic shifts, while the Euro is influenced by the collective strength and challenges of the European Union member states. The ZAR/EUR exchange rate provides insights into the trade and financial relationship between South Africa and the Euro-using European countries.

	Euro Area		South Africa
Interest Rate	4.5% Apr 24		8.25% May 24
Inflation Rate	2.6% May 24		5.2% Apr 24
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	N/A	N/A	Ba2Stable	BB-Stable

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Currencies

ZAR/EUR

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