South African rand (ZAR) exchange rate today — official vs market
South Africa · South African rand (ZAR). Official rate as of 25 Sep 2026 · Market data fetched 27 Sep 2026, 00:20 UTC. All rates = units of local currency per 1 US dollar.
Official (per $1)16.2938reference · ECB reference rates (via Frankfurter API)
Market (per $1)18.19parallel · Bybit P2P
Premium vs official+11.64%Market vs official (positive = market weaker)
Coveragelive
Central bank policy rate7.00%Policy rate (repo) · South African Reserve Bank · effective 2026-05-29 · source
Premium history
20 observed days · Aug 31 – Sep 25 · no interpolation
7-day change+7.59 pp
Min / max (observed range)-14% / 14%
Volatility (std dev of daily premium)10%
Continent rank7th widest of 54
Context
The South African rand currently trades at a premium of +11.64% — the 7th widest gap of the 54 African currencies we track. That places it in the scarcity band (>10%), where the market rate is materially weaker than the official posting.