Sat 21 Dec 2024 12:02GMT
A money transfer through a foreign exchange broker is the smart move. With excellent exchange rates and fee-free transfers, you could save time and money.
To send international money transfers to South Africa, you will need a foreign exchange broker for south african rands transfer. Please see following live interbank exchange rates for South Africa money transfers:
Canada to South Africa | 1 CAD = 12.743 ZAR | Money transfer to South Africa from Canada | |
UK to South Africa | 1 GBP = 23.028 ZAR | Money transfer to South Africa from UK | |
USA to South Africa | 1 USD = 18.318 ZAR | Money transfer to South Africa from USA | |
Australia to South Africa | 1 AUD = 11.451 ZAR | Money transfer to South Africa from Australia | |
France to South Africa | 1 EUR = 19.104 ZAR | Money transfer to South Africa from France | |
Italy to South Africa | 1 EUR = 19.104 ZAR | Money transfer to South Africa from Italy | |
New Zealand to South Africa | 1 NZD = 10.361 ZAR | Money transfer to South Africa from New Zealand | |
Spain to South Africa | 1 EUR = 19.104 ZAR | Money transfer to South Africa from Spain | |
Thailand to South Africa | 1 THB = 0.536 ZAR | Money transfer to South Africa from Thailand | |
Turkey to South Africa | 1 TRY = 0.52 ZAR | Money transfer to South Africa from Turkey | |
UAE to South Africa | 1 AED = 4.987 ZAR | Money transfer to South Africa from UAE | |
Germany to South Africa | 1 EUR = 19.104 ZAR | Money transfer to South Africa from Germany | |
India to South Africa | 1 INR = 0.216 ZAR | Money transfer to South Africa from India |
Please note: exchange rates above are those used between banks and not available for the average consumer! You have two options when looking to source the best way to transfer money into South Africa's currency of ZAR. You can use a high street bank or a foreign exchange broker. When comparing services you'll need to check if there are any transaction fees, in addition to the ZAR exchange rate being offered. By using a specialist currency broker, you'll often find the money transfer service is fee-free, and can have better than bank exchange rates. Forex brokers also offer benefits over the banks such as dedicated FX managers, the ability to lock in an exchange rate for your south african rands and low margins.
The US Dollar South African Rand (USD/ZAR) exchange rate fell by -0.7% today, with the pairing currently trading around R15.920 as the ‘Greenback’ continues to suffer from falling US bond yields and fears of another US Federal Reserve rate cut. Michael Gapen, the Head of US Economics Research at Barclays, commented that the ‘likelihood of getting a zero [per cent interest rate cut from the Fed] is higher than the risk of a recession’. Mr Gapen also added that there is ‘probably a...
- ECB Removes Easing Bias but Extends QE Measures until SEPTEMBER – Euro (EUR) Exchange Rates Suffer - The Pound Euro (GBP/EUR) exchange rate climbed on Friday, capitalising on comments from European Central Bank (ECB) President Mario Draghi which downplayed the bank’s decision to remove its easing bias in the March statement. The removal of said bias was initially deemed a hawkish indication from the central bank, with markets leaping at the prospect that the ECB was preparing to...
Despite Eurozone political uncertainties and a lack of particularly impressive Eurozone ecostats in recent sessions, the Euro to US Dollar (EUR/USD) exchange rate easily surged on Tuesday thanks to political news made investors less eager to hold on to ‘safe haven’ currencies like the US Dollar. If market demand for ‘safe haven’ currencies remains low, EUR/USD could see stronger gains this week. Last week the pair only edged slightly higher from 1.2293 to 1.2316, but since Monday has...