EUR/ZAR Exchange Rate Today — Live Chart and Analysis

EUR/ZAR is an exchange rate that specifies how many ZAR (South African rand) can be converted into one EUR (Euro), therefore the base currency is EUR and the price currency is ZAR. If this rate declines, it means that ZAR appreciates relative to EUR and if this rate increases it means that the ZAR depreciates against the EUR. There are many macroeconomic factors/events (fundamentals) that affect EUR/ZAR exchange rate, which are usually common in both countries. Some of the most notable factors/events are GDP, Inflation or Consumer Price Index (CPI), Interest Rates and other monetary policies applied by central banks. Regarding the trade relationship between the Euro Area (mainly Germany that is the EU largest economy) and South Africa, the latter imports 0.76% of Germany’s total exports, whereas Germany imports 7.6% of South Africa’s total exports. The largest component of Germany's exports are vehicles, machinery, nuclear reactors and electricals whereas South Africa's largest export components are precious stones and metals, vehicles and ores slag. Any significant shifts in the trade relationship between the two regions and changes in the values of the aforementioned components are some of the factors that could have a material impact on the pair.