Currencies · South Africa
USD/ZAR forecast
US dollar to South African rand exchange rate: ZAR per 1 USD
Model run: Sep 28, 2026 · TimesFM 2.5
3 months forecast · Dec 2026
16.233
Median forecast · p10-p90: 15.450 to 17.080
6 months forecast · Mar 2027
16.204
Median forecast · p10-p90: 15.196 to 17.353
12 months forecast · Sep 2027
16.143
Median forecast · p10-p90: 14.523 to 17.898
Latest observed: 16.302 · Sep 25, 2026
Choose a horizon
The median and range update together.
History & forecast
White: observed history. Blue: forecast median. Shaded: p10-p90 model range.
All values in ZAR per 1 USD
Model validation
| Horizon | Tests | Model errorModel | No-change errorNo change | Band coverageCoverage |
|---|---|---|---|---|
| 3 months | 57 | 0.646 | 0.642 | 94.7% |
| 6 months | 54 | 0.842 | 0.858 | 94.4% |
| 12 months | 48 | 1.245 | 1.313 | 95.8% |
In these tests the model beat a no-change forecast at 2 of 3 horizons; no change was better or equal at the rest. Rolling backtests of this model on the latest revised history; overlapping forecast errors are not independent. The p10-p90 band is a model range, not a calibrated guarantee. Methodology · Forecast audit
Evidence & context
Source data
Source & observed data
| Date | Value | Change |
|---|---|---|
| Sep 25, 2026 | 16.302 | −1.01% |
| Sep 24, 2026 | 16.469 | +0.55% |
| Sep 23, 2026 | 16.379 | +0.82% |
| Sep 22, 2026 | 16.246 | +0.02% |
| Sep 21, 2026 | 16.243 | −0.36% |
| Sep 18, 2026 | 16.301 | +0.32% |
| Sep 17, 2026 | 16.250 | −0.06% |
| Sep 16, 2026 | 16.260 | +0.06% |
| Sep 15, 2026 | 16.251 | −0.02% |
| Sep 14, 2026 | 16.254 | +0.76% |
Sources & limits
Source: FRED, Federal Reserve Bank of St. Louis · DEXSFUS. Methodology · Forecast audit
Historical context
Outside the model
What could change this forecast?
A small, dated reading list. TimesFM sees the data series, not these stories. This context is not a trading signal.
No recent item selected for this series. We would rather leave this quiet than fill it with a weak match.
Selected for relevance, not a claim of causation. Source dates stay visible. Original reporting remains with its publisher.