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AUD/ZAR - Convert Compare Save

Australian Dollar to South African Rand exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

This resource page for the Australian Dollar to South African Rand exchange rate, has news, forecasts and AUD to ZAR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

AUD/ZAR Exchange Rates - How to Compare & Save

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for AUD/ZAR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive ZAR(R)Exchange RateFee AUDTotal CostDeal Links
OFX (OzForex) logo
101,100 ZAR
Best Overall
10.110^2.57%
Westpac logo
101,996 ZAR
896 ZAR
10.22201.71%
BankSA International Money Transfers
BankSA logo
99,900 ZAR
1,200 ZAR
10.0120.013.73%
ANZ Bank logo
99,205 ZAR
1,895 ZAR
9.9384184.4%
Banks - Average Rate
National Australia Bank (nab) logo Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo BankSA logo
99,099 ZAR
2,001 ZAR
9.9275154.5%
National Australia Bank (nab) logo
98,457 ZAR
2,643 ZAR
9.8674225.12%
Commonwealth Bank (CBA) logo
97,636 ZAR
3,464 ZAR
9.76956 5.91%
St George Bank logo
97,402 ZAR
3,698 ZAR
9.7597206.13%
OFX (OzForex): Foreign Transfer AUD→ZAR
AUD amount:$10,000 AUD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K)
Exchange Rate:10.11 (2.57% from mid-rate)
ZAR amount:101,100 ZAR
Total Cost:2.57%
Time:
Rate Fetched: Sat Aug 17 2019 22:00:41 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
Westpac: Foreign Transfer AUD→ZAR
AUD amount:$10,000 AUD
Fee:20
Exchange Rate:10.22 (1.51% from mid-rate)
ZAR amount:101,996 ZAR
Total Cost:1.71%
Difference:
896 ZAR more than using OFX (OzForex)
Time:
Rate Fetched: website - Mon Apr 15 2019 01:04:04 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
BankSA: Foreign Transfer AUD→ZAR
AUD amount:$10,000 AUD
Fee:20.01
Exchange Rate:10.01 (3.53% from mid-rate)
ZAR amount:99,900 ZAR
Total Cost:3.73%
Difference:
1,200 ZAR less than using OFX (OzForex)
Time:
Rate Fetched: website - 0:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
ANZ Bank: Foreign Transfer AUD→ZAR
AUD amount:$10,000 AUD
Fee:18
Exchange Rate:9.9384 (4.22% from mid-rate)
ZAR amount:99,205 ZAR
Total Cost:4.4%
Difference:
1,895 ZAR less than using OFX (OzForex)
Time:
Rate Fetched: website - Sat Aug 17 2019 22:03:05 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AUD→ZAR
AUD amount:$10,000 AUD
Fee:15
Exchange Rate:10.03 (3.34% from mid-rate)
ZAR amount:99,099 ZAR
Total Cost:4.5%
Difference:
2,001 ZAR less than using OFX (OzForex)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
National Australia Bank (nab): Foreign Transfer AUD→ZAR
AUD amount:$10,000 AUD
Fee:22
Exchange Rate:9.8674 (4.91% from mid-rate)
ZAR amount:98,457 ZAR
Total Cost:5.12%
Difference:
2,643 ZAR less than using OFX (OzForex)
Time:
Rate Fetched: website - Sat Aug 17 2019 22:05:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
Commonwealth Bank (CBA): Foreign Transfer AUD→ZAR
AUD amount:$10,000 AUD
Fee:6
Exchange Rate:9.7695 (5.85% from mid-rate)
ZAR amount:97,636 ZAR
Total Cost:5.91%
Difference:
3,464 ZAR less than using OFX (OzForex)
Time:
Rate Fetched: website - Sat Aug 17 2019 22:02:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1.2/5.0
Reviews:
St George Bank: Foreign Transfer AUD→ZAR
AUD amount:$10,000 AUD
Fee:20
Exchange Rate:9.7597 (5.95% from mid-rate)
ZAR amount:97,402 ZAR
Total Cost:6.13%
Difference:
3,698 ZAR less than using OFX (OzForex)
Time:
Rate Fetched: website - 0:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 08/17/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount ZAR(R)Exchange RateFee AUDTotal CostDeal Links
Westpac logo
10,118 ZAR
Compare
10.22A$102.5%
BankSA Foreign Currency
BankSA logo
9,859.85 ZAR
258 ZAR
10.01A$154.98%
ANZ Bank logo
9,839.02 ZAR
279 ZAR
9.9384A$105.18%
Banks - Average Rate
Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo National Australia Bank (nab) logo BankSA logo
9,786 ZAR
332 ZAR
9.9012105.7%
National Australia Bank (nab) logo
9,725.07 ZAR
393 ZAR
9.8233106.28%
Commonwealth Bank (CBA) logo
9,615.57 ZAR
502 ZAR
9.7127A$107.34%
St George Bank logo
9,557.46 ZAR
561 ZAR
9.703A$157.9%
Travelex Online AU logo
9,539 ZAR
579 ZAR
9.539$0 BPay, Card 0.72%-1%8.08%
Westpac: Travel Money AUD→ZAR
AUD amount:$1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:10.22 (1.51% from mid-rate)
ZAR amount:10,118 ZAR
Total Cost:2.5%
Time:
Rate Fetched: website - Mon Apr 15 2019 01:04:04 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
BankSA: Travel Money AUD→ZAR
AUD amount:$1,000 AUD
Fee:A$15 AUD (Minimum fee)
Exchange Rate:10.01 (3.53% from mid-rate)
ZAR amount:9,859.85 ZAR
Total Cost:4.98%
Time:
Rate Fetched: website - 0:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
ANZ Bank: Travel Money AUD→ZAR
AUD amount:$1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:9.9384 (4.22% from mid-rate)
ZAR amount:9,839.02 ZAR
Total Cost:5.18%
Time:
Rate Fetched: website - Sat Aug 17 2019 22:03:05 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 3/5.0
Reviews:
 

Banks - Average Rate

Travel Money AUD→ZAR
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:9.8633 (4.95% from mid-rate)
ZAR amount:9,786 ZAR
Total Cost:5.7%
Currency Services:Branch
Delivery/Collect:-
National Australia Bank (nab): Travel Money AUD→ZAR
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:9.8233 (5.33% from mid-rate)
ZAR amount:9,725.07 ZAR
Total Cost:6.28%
Time:
Rate Fetched: website - 0:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2.1/5.0
Reviews:
Commonwealth Bank (CBA): Travel Money AUD→ZAR
AUD amount:$1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:9.7127 (6.4% from mid-rate)
ZAR amount:9,615.57 ZAR
Total Cost:7.34%
Time:
Rate Fetched: website - Sat Aug 17 2019 22:02:02 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1.2/5.0
Reviews:
St George Bank: Travel Money AUD→ZAR
AUD amount:$1,000 AUD
Fee:A$15 AUD (Minimum fee)
Exchange Rate:9.7030 (6.49% from mid-rate)
ZAR amount:9,557.46 ZAR
Total Cost:7.9%
Time:
Rate Fetched: website - 0:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
Travelex Online AU: Travel Money AUD→ZAR
AUD amount:$1,000 AUD
Fee:$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit
Exchange Rate:9.539 (8.07% from mid-rate)
ZAR amount:9,539 ZAR
Total Cost:8.08%
Time:
Rate Fetched: Sat Aug 17 2019 22:00:05 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 08/17/2019 - See full table

AUD to ZAR interbank exchange rate = 10.3767

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on AUD/ZAR exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

AUD and ZAR in the Markets

When determining the best time to make a foreign exchange transaction, in this case the AUD vs ZAR, you should pay attention to the recent market trends for both currencies.

 

Australian Dollar (AUD)

In early August the Australian dollar sunk to a 10 year low of 67¢ (Aug-7) to the US dollar. This was due to the offshore yuan breaking the symbolic and closely watched USD/CNY = 7.0 exchange rate, after the trade war flared up again and the US labelled China a "currency manipulator".

Investors have sold AUD in recent months as they’ve bet on aggressive interest-rate cuts by the Reserve Bank of Australia. These bets paid off: the RBA cut its cash rate in both June and July to a record low of 1 percent.

Lower borrowing costs are necessary, investors believe, in light of persistently soft domestic data and the fallout from a US-China trade standoff that shows no sign of nearing an end.

AUD will continue to track changes in interest-rate expectations. Economists expect at least one further cut this year and many expect two by early 2020. After July's cut, the RBA hinted it would leave rates unchanged for several months.

Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.

Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations. Westpac has predicted three cuts this year.

Read more in the article AUD Forecasts.

 

South African Rand (ZAR)

2018 was a grim year for the rand: it lost 14 percent of its value against the US dollar and lost 10 percent against the euro.

Stability returned in the first 5 months of 2019, with no change against the dollar and a 2 percent gain versus the euro.

Talk in May was all about the election, which was again won by the ANC party, led by Cyril Ramaphosa. This spurred a relief rally in the rand, but a serious fall in support for the ANC since 2014 suggests Ramaphosa will struggle implementing much-needed economic reforms.

With the election out of the way, analysts at Deutsche Bank are expecting the rand to weaken throughout the rest of the year.

"We think [rand] optimism will prove short-lived as the market quickly refocuses on deteriorating fundamentals," Deutsche said.

Why can't I just get the AUD/ZAR market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the AUD / ZAR was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all AUD Exchange Rates