The benchmark interest rate in South Africa was last recorded at 6.75 percent. This dataset provides - South Africa Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about South Africa Policy Rate

• South Africa cash rate (Policy Rate: Month End: Repo Rate) was set at 6.75 % pa in Nov 2025, compared with 7.00 % pa in the previous Oct 2025.
• South Africa Policy Rate averaged 5.00 % pa and is updated monthly, available from Nov 1999 to Nov 2025.
• The data reached an all-time high of 13.50 % pa in May 2003 and a record low of 3.50 % pa in Oct 2021.

• In the latest reports, South Africa Short Term Interest Rate: Month End: Treasury Bills Rate: 91 Days was reported at 6.66 % pa in Nov 2025.
• Its Long Term Interest Rate (Government Bond Yield: Month End: 10 Years and Over) was reported at 8.98 % pa in Nov 2025.
• South Africa Exchange Rate against USD averaged 17.27 (USD/ZAR) in Oct 2025.
• Its Real Effective Exchange Rate was 89.88 in Sep 2025.

FocusEconomics' economic data is provided by official state statistical reporting agencies as well as our global network of leading banks, think tanks and consultancies. Our datasets provide not only historical data, but also Consensus Forecasts and individual forecasts from the aformentioned global network of economic analysts. This includes the latest forecasts as well as historical forecasts going back to 2010. Our global network consists of over 1000 world-renowned economic analysts from which we calculate our Consensus Forecasts. In this specific dataset you will find economic data for South Africa Interest Rate.

The 'Interest Rate Decision' in South Africa is a key economic event where the South African Reserve Bank (SARB) sets the benchmark interest rate, influencing borrowing costs and economic activity.-2025-05-29

The 'Interest Rate Decision' in South Africa is a key economic event where the South African Reserve Bank (SARB) sets the benchmark interest rate, influencing borrowing costs and economic activity.-2025-11-20

Monthly and long-term South Africa Interest Rate data: historical series and analyst forecasts curated by FocusEconomics.

Forecast: Bank Lending Interest Rate in South Africa 2022 - 2026 Discover more data with ReportLinker!

The 'Interest Rate Decision' in South Africa is a key economic event where the South African Reserve Bank (SARB) sets the benchmark interest rate, influencing borrowing costs and economic activity.-2025-09-18

The 'Interest Rate Decision' in South Africa is a key economic event where the South African Reserve Bank (SARB) sets the benchmark interest rate, influencing borrowing costs and economic activity.-2025-03-20

Lending Rate in South Africa remained unchanged at 10.50 percent in October. This dataset provides - South Africa Lending Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The 'Interest Rate Decision' in South Africa is a key economic event where the South African Reserve Bank (SARB) sets the benchmark interest rate, influencing borrowing costs and economic activity.-2024-05-30

This dataset provides values for INTEREST RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

La Decisione sui Tassi di Interesse SARB è annunciata dal Comitato di Politica Monetaria 6 volte l'anno. La decisione è adottata con un voto di sei membri della commissione. Se la banca è cauta sulle

The 'Interest Rate Decision' in South Africa is a key economic event where the South African Reserve Bank (SARB) sets the benchmark interest rate, influencing borrowing costs and economic activity.-2024-11-21

The 'Interest Rate Decision' in South Africa is a key economic event where the South African Reserve Bank (SARB) sets the benchmark interest rate, influencing borrowing costs and economic activity.

Der SARB-Zinsentscheid wird vom Geldpolitischen Ausschuss 6 Mal im Jahr bekannt gegeben. Der Beschluss wird durch eine Abstimmung von sechs Ausschussmitgliedern angenommen. Wenn die Bank hinsichtlich

La décision de la SARB sur les taux dintérêt est annoncée par le Comité de Politique Monétaire 6 fois par an. La décision est adoptée par un vote de six membres du comité. Si la banque est prudente

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Foreign Exchange Market Size 2025-2029

The foreign exchange market size is valued to increase by USD 582 billion, at a CAGR of 10.6% from 2024 to 2029. Growing urbanization and digitalization will drive the foreign exchange market.

Major Market Trends & Insights

Europe dominated the market and accounted for a 47% growth during the forecast period.
By Type - Reporting dealers segment was valued at USD 278.60 billion in 2023
By Trade Finance Instruments - Currency swaps segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 118.14 billion
Market Future Opportunities: USD 582.00 billion
CAGR from 2024 to 2029 : 10.6%

Market Summary

The market, a dynamic and intricate web of financial transactions, plays a pivotal role in facilitating global trade and economic interactions. Its primary function is to enable the conversion of one currency into another, thereby mitigating the risk of currency fluctuations for businesses and investors. Key drivers of this market include growing urbanization and digitalization, which have expanded trading opportunities to a 24x7 global economy. However, the uncertainty of future exchange rates poses a significant challenge, necessitating effective risk management strategies. The market's evolution reflects the increasing interconnectedness of the global economy. Transactions occur in a decentralized, over-the-counter system, with major trading centers in London, New York, and Tokyo.
Participants include commercial banks, investment banks, hedge funds, and individual investors, all seeking to capitalize on price differences between currencies. Trends shaping the market include the increasing use of automation and artificial intelligence to analyze market data and execute trades. Regulatory changes, such as the introduction of stricter capital requirements, also impact the market's functioning. Looking ahead, the market is expected to remain a vital component of the global financial landscape, with continued growth driven by increased trade and economic interdependence. However, challenges, such as regulatory changes and geopolitical risks, will necessitate adaptability and innovation from market participants.

What will be the Size of the Foreign Exchange Market during the forecast period?

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How is the Foreign Exchange Market Segmented ?

The foreign exchange industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Reporting dealers
  Financial institutions
  Non-financial customers


Trade Finance Instruments

  Currency swaps
  Outright forward and FX swaps
  FX options


Trading Platforms

  Electronic Trading
  Over-the-Counter (OTC)
  Mobile Trading


Geography

  North America

    US
    Canada


  Europe

    Germany
    Switzerland
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The reporting dealers segment is estimated to witness significant growth during the forecast period.

The market, a dynamic and ever-evolving financial landscape, is characterized by constant activity and intricate patterns. Participants engage in various trading strategies, employing advanced tools such as stop-loss and take-profit orders on forex trading platforms. Real-time data feeds and order book dynamics facilitate trade execution speed, while market microstructure and slippage minimization techniques ensure efficient transactions. Currency correlation analysis and transaction cost analysis are integral to informed decision-making, with backtesting methodologies providing valuable insights. Currency forwards contracts, position sizing techniques, and forex derivatives pricing are essential components of risk management systems. Carry trade strategies, hedging strategies, and interest rate parity are popular tactics employed by market participants.

Algorithmic trading strategies, driven by options pricing models and trading algorithms' efficiency, significantly influence price discovery mechanisms. High-frequency trading and volatility modeling contribute to the market's liquidity risk management, while foreign exchange swaps and currency option valuation help manage risk. The market's complexities necessitate sophisticated risk management systems and intricate order routing optimization. Global payments systems facilitate the smooth transfer of funds, and liquidity risk management remains a critical concern for market participants. According to recent studies, The market is estimated to account for approximately USD6 trillion in daily trading volume, und

The 'Interest Rate Decision' in South Africa is a key economic event where the South African Reserve Bank (SARB) sets the benchmark interest rate, influencing borrowing costs and economic activity.-2024-09-19

Inflation Rate in South Africa increased to 3.60 percent in October from 3.40 percent in September of 2025. This dataset provides - South Africa Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.