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.

Interbank Rate in South Africa remained unchanged at 6.61 percent on Friday November 28. This dataset provides - South Africa Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

A monthly and quarterly data set spanning July 1995 to December 2016 of the following macro-economic variables 1. South African stock market 2. South African GDP3. United States GDP 4. South African interest rate 5. US interest rate 6. South African inflation rate 7. US inflation rate 8. South African Money Supply 9. Rand/Dollar Exchange 10. FTSE

Key information about South Africa Real Effective Exchange Rate

• South Africa Real Effective Exchange Rate (REER: 2005=100: Month Avg: South Africa) was 89.9 in Sep 2025, compared with the number of 89.4 in the previous month.
• South Africa Real Effective Exchange Rate data is updated monthly and averaged 143.5 from Jan 1970 to Sep 2025.
• The data reached an all-time high of 143.5 in Aug 1983 and a record low of 63.9 in Dec 2001.

• In the latest reports, South Africa Short Term Interest Rate: Month End: Treasury Bills Rate: 91 Days was reported at 6.7 % pa in Nov 2025.
• The cash rate (Policy Rate: Month End: Repo Rate) was set at 6.8 % pa in Nov 2025.
• South Africa Exchange Rate against USD averaged 17.3 (USD/ZAR) in Oct 2025.

Key information about South Africa Exchange Rate against USD

• South Africa Exchange Rate against USD averaged 17.272 (USD/ZAR) in Oct 2025, compared with 17.425 USD/ZAR in the previous month.
• South Africa Exchange Rate against USD data is updated monthly, available from Jan 1957 to Oct 2025.
• The data reached an all-time high of 20,434.208 in Dec 2013 and a record low of 7,181.543 in Dec 2004.

• In the latest reports, South Africa Short Term Interest Rate: Month End: Treasury Bills Rate: 91 Days was reported at 6.660 % pa in Nov 2025.
• Its Long Term Interest Rate (Government Bond Yield: Month End: 10 Years and Over) was reported at 8.980 % pa in Nov 2025.
• The cash rate (Policy Rate: Month End: Repo Rate) was set at 6.750 % pa in Nov 2025.

As of 2024, a large majority of online search interest in Africa falls in the 0 to 5,000 South African rand price range (around zero to ****** U.S. dollars), at over ** percent. Ranking second was the 5,000 to 10,000 South African rand price band (approximately ****** to ****** U.S. dollars). Although this demonstrates that most luxury consumers on the continent are looking at luxury products within an affordable budget, a small **** percent of the target group are prepared to spend 50,000 South African rands and above (***** U.S. dollars and upwards).

India Foreign Exchange Rate: Export Good: South African Rand data was reported at 4.850 INR/ZAR in 01 Dec 2018. This stayed constant from the previous number of 4.850 INR/ZAR for 30 Nov 2018. India Foreign Exchange Rate: Export Good: South African Rand data is updated daily, averaging 5.050 INR/ZAR from Jun 2012 (Median) to 01 Dec 2018, with 2368 observations. The data reached an all-time high of 6.650 INR/ZAR in 05 Jul 2012 and a record low of 3.850 INR/ZAR in 21 Jan 2016. India Foreign Exchange Rate: Export Good: South African Rand data remains active status in CEIC and is reported by Central Board of Indirect Taxes and Customs. The data is categorized under India Premium Database’s Interest and Foreign Exchange Rates – Table IN.MC005: Foreign Exchange Rate: Export Good.

India Foreign Exchange Rate: Imported Good: South African Rand data was reported at 5.200 INR/ZAR in 20 Nov 2018. This stayed constant from the previous number of 5.200 INR/ZAR for 19 Nov 2018. India Foreign Exchange Rate: Imported Good: South African Rand data is updated daily, averaging 5.450 INR/ZAR from Jun 2012 (Median) to 20 Nov 2018, with 2357 observations. The data reached an all-time high of 7.000 INR/ZAR in 06 Sep 2012 and a record low of 4.100 INR/ZAR in 21 Jan 2016. India Foreign Exchange Rate: Imported Good: South African Rand data remains active status in CEIC and is reported by Central Board of Indirect Taxes and Customs. The data is categorized under India Premium Database’s Interest and Foreign Exchange Rates – Table IN.MC004: Foreign Exchange Rate: Imported Good.

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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 yield on South Africa 10Y Bond Yield eased to 8.50% on December 2, 2025, marking a 0.01 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.35 points and is 0.39 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. South Africa 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on December of 2025.

The USD/ZAR exchange rate rose to 17.1161 on December 2, 2025, up 0.17% from the previous session. Over the past month, the South African Rand has strengthened 1.11%, and is up by 5.37% over the last 12 months. South African Rand - values, historical data, forecasts and news - updated on December of 2025.

The euro and U.S. dollar made up more than ***** of 10 SWIFT payments worldwide in September 2025, outperforming many other currencies. This is according to a monthly report meant to track the market share of China's yuan renminbi within the international bank transfer system SWIFT. Although China holds the largest forex reserves in the world, the yuan ranked as the *****-used currency in international payments. The figures concern customer-initiated and institutional payments and exclude trade. Discussions on the potential weakening role of the U.S. dollar especially touch world trade and forex. For example, the share of the USD in forex reserves declined visibly against the euro and Japanese yen in 2024. What sparked this de-dollarization trend, and will it continue? Trade sanctions and de-dollarization De-dollarization in 2024 is mentioned mostly alongside trade and the BRICS countries - an informal name given to Brazil, Russia, India, China, and South Africa. The combined GDP of BRICS is about ** percent of the world's economy. After the start of the Ukraine war and Russia received economic sanctions, the BRICS slowly evolved into a trading bloc. The group increasingly wanted its own currency to settle payments within the trade bloc, to avoid using the U.S. dollar. In August 2024, BRICS gathered in South Africa to discuss the creation of such a new joint currency. Additionally, ** countries - including Argentina, Algeria, Egypt, Saudi Arabia, Turkey, and Yemen - expressed interest in joining the BRICS group. CBDC, or projects into a digital payment settlement A factor of future uncertainty for the U.S. dollar is how central bank digital currencies (CBDC) develop in emerging countries. Several projects exist between individual countries that specifically target cross-border interbank payments. A cooperation between Thailand and Hong Kong, Inthanon-Lionrock, ranks as the most advanced of these projects. CBDC does not require the U.S. dollar to function. Tangible such as commodities or gold can back them. The value of transactions processed with CBDC is to grow by ******* percent between 2024 and 2030.

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.

Foreign Exchange Rate: Imported Good: South African Rand在2018-11-20达5.200 INR/ZAR，相较于2018-11-19的5.200 INR/ZAR保持不变。Foreign Exchange Rate: Imported Good: South African Rand数据按每日更新，2012-06-08至2018-11-20期间平均值为5.450 INR/ZAR，共2357份观测结果。该数据的历史最高值出现于2012-09-06，达7.000 INR/ZAR，而历史最低值则出现于2016-01-21，为4.100 INR/ZAR。CEIC提供的Foreign Exchange Rate: Imported Good: South African Rand数据处于定期更新的状态，数据来源于Central Board of Indirect Taxes and Customs，数据归类于India Premium Database的Interest and Foreign Exchange Rates – Table IN.MC004: Foreign Exchange Rate: Imported Good。