ZAR/JPY exchange rate
ZAR/JPY historical chart
ZAR/JPY daily reference conversion rate
As of 2026-09-18 00:00:00 UTC, ZAR/JPY (South African Rand / Japanese Yen) is 9.6962, reconciled from ECB ref · live spot and refreshed every 1-minute ingest / daily reference fallback. Every observation is point-in-time and labels its source class and timestamp — backtest-safe and reproducible. ZAR/JPY is available over the REST API and an MCP server on exchangerate.dev, with a free tier to start.
ZAR to JPY and JPY to ZAR
How do I query ZAR/JPY?
One authenticated GET returns the latest value with its timestamp and source. Swap the language tab for your stack.
Reference
Latest ZAR/JPY indicative spot rate — value, timestamp, source, and market_session.
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Use ZAR/JPY in your application
Try the current indicative rate without a key. The response labels sources.JPY, effective_at.JPY and market_session; check those fields before treating a value as fresh.
curl -fsS "https://api.exchangerate.dev/v1/latest/ZAR?symbols=JPY"Daily reference history is available where this pair has published observations. This pair is eligible for intraday market observations at 1m, 5m, 15m, 1h, 4h; missing buckets remain gaps. This pair is also eligible for authenticated WebSocket updates. See interval and history limits · WebSocket integration guide · Plan and commercial-use details.
ZAR/JPY — Rand-Yen Carry and Resource Flows
ZAR/JPY brings together the South African rand, an emerging-market currency heavily linked to gold, platinum, and mining more broadly, and the Japanese yen, the quintessential safe-haven funding currency. The pair is popular among Japanese retail traders for its high interest differential.
South Africa is the world's largest platinum producer and a major gold producer. Movements in precious metal prices translate directly into ZAR, giving ZAR/JPY an indirect commodity-price overlay not present in most G10 crosses.
The pair is structurally volatile: South Africa faces political, load-shedding (power outage), and current-account risks that periodically cause sharp rand devaluations. Combined with yen safe-haven dynamics during global stress, drawdowns can be rapid.
All rates are indicative from aggregated market data and public reference rates. Not for settlement.
Frequently asked questions
- How does the gold price affect ZAR/JPY?
- Gold is South Africa's second-largest export. Rising gold prices increase mining revenue and support the rand, pushing ZAR/JPY higher. Falling gold prices add pressure to an already carry-driven positioning.
- What is "load shedding" and why does it affect ZAR?
- Load shedding is South Africa's rolling power-cut program caused by the national electricity provider's capacity shortfall. Severe load-shedding reduces industrial output and investment, weighing on the rand — and by extension ZAR/JPY.
- Why do Japanese retail traders favor ZAR/JPY?
- South Africa historically held high nominal rates (often 5–8%) while Japan sat near zero, producing a multi-percentage-point carry premium. Japanese retail investors have historically had significant positions in ZAR/JPY via domestic FX margin accounts.
- How does South Africa's SARB affect the pair?
- South African Reserve Bank rate decisions directly move ZAR. Hawkish surprises strengthen ZAR and push ZAR/JPY higher; SARB rate cuts compress the carry premium and typically weaken the pair.
- Is ZAR/JPY suitable as a travel reference for South Africa–Japan travel?
- The indicative mid-market rate is a useful directional reference. For example, at roughly 9.8 yen per rand (see the live rate above), 100 rand buys approximately 980 yen. Actual transaction rates will include a spread from your bank or exchange provider.
- Does ZAR/JPY track USD/ZAR closely?
- Yes, because both ZAR legs are USD-mediated in practice. A sharp USD/ZAR spike (rand devaluation) will push ZAR/JPY down simultaneously, since the rand weakens against all currencies including JPY.
- Is historical ZAR/JPY data available?
- Yes. ZAR is in the ECB daily-rate dataset which extends back to 1999. Live intraday data (updating ~every 60s through the trading week) is available for both legs — ZAR and JPY are both in our live-updating currencies on exchangerate.dev.