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AUD to ZAR - Rate Guide

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.

 

AUD/ZAR update & alerts

1 AUD = 9.9463 ZAR

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AUD to ZAR - Trading Range (90 Day)
14-DAY HIGH (1d)4-DAY ▲ 1.9% (3d)
AUD/ZAR at 9.94 is trading 0.7% below the 90-day average 10.01 with a range 9.7566 to 10.41. There are no current rate alerts.
17-Jan-2020 16:NY 21:LON 08:SYD+1d

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AUD/ZAR Exchange Rates and Providers Compared

This guide to the Australian Dollar to South African Rand exchange rate with 90-day chart & alerts, historic rates, forecasts and AUD to ZAR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our AUD/ZAR Quick Calculator.

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
TorFX logo
R97,580
Best Overall
9.75801.88%
OFX (OzForex) logo
R97,677
R97 more
9.76770^1.79%
WorldFirst logo
R98,957
R1,377 more
9.895700.5%
Commonwealth Bank (CBA) logo
R96,218
R1,362 less
9.62766 3.25%
St George Bank logo
R95,988
R1,592 less
9.618203.49%
BankSA International Money Transfers
BankSA logo
R95,781
R1,799 less
9.597320.013.69%
Banks - Average Rate
National Australia Bank (nab) logo Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo BankSA logo
R95,338
R2,242 less
9.5507154.14%
ANZ Bank logo
R95,090
R2,490 less
9.5261184.39%
National Australia Bank (nab) logo
R94,998
R2,582 less
9.5207224.48%
Westpac logo
R93,955
R3,625 less
9.4143205.53%
 
TorFX logo
TorFX: Foreign Transfer AUD→ZAR
From Amount (AUD)A$10,000
Fee:0
Exchange Rate:9.7580 (1.88% from mid-rate)
To Amount (ZAR) R97,580
Total Cost:1.88%
Time:18:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
OFX (OzForex) logo
OFX (OzForex): Foreign Transfer AUD→ZAR
From Amount (AUD)A$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K)
Exchange Rate:9.7677 (1.79% from mid-rate)
To Amount (ZAR) R97,677
Total Cost:1.79%
Difference:
R97 ZAR more than using TorFX
Time:
Rate Fetched: Fri Jan 17 2020 18:00:41 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
WorldFirst logo
WorldFirst: Foreign Transfer AUD→ZAR
From Amount (AUD)A$10,000
Fee:
Exchange Rate:9.8957 (0.5% from mid-rate)
To Amount (ZAR) R98,957
Total Cost:0.5%
Difference:
R1,377 ZAR more than using TorFX
Time:18:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
Commonwealth Bank (CBA) logo
Commonwealth Bank (CBA): Foreign Transfer AUD→ZAR
From Amount (AUD)A$10,000
Fee:6
Exchange Rate:9.6276 (3.2% from mid-rate)
To Amount (ZAR) R96,218
Total Cost:3.25%
Difference:
R1,362 ZAR less than using TorFX
Time:
Rate Fetched: website - Fri Jan 17 2020 17:02:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1.2/5.0
Reviews:
 
St George Bank logo
St George Bank: Foreign Transfer AUD→ZAR
From Amount (AUD)A$10,000
Fee:20
Exchange Rate:9.6180 (3.29% from mid-rate)
To Amount (ZAR) R95,988
Total Cost:3.49%
Difference:
R1,592 ZAR less than using TorFX
Time:
Rate Fetched: website - 18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
BankSA logo
BankSA: Foreign Transfer AUD→ZAR
From Amount (AUD)A$10,000
Fee:20.01
Exchange Rate:9.5973 (3.5% from mid-rate)
To Amount (ZAR) R95,781
Total Cost:3.69%
Difference:
R1,799 ZAR less than using TorFX
Time:
Rate Fetched: website - 18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer AUD→ZAR
From Amount (AUD)A$10,000
Fee:15
Exchange Rate:9.6846 (2.62% from mid-rate)
To Amount (ZAR) R95,338
Total Cost:4.14%
Difference:
R2,242 ZAR less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
ANZ Bank logo
ANZ Bank: Foreign Transfer AUD→ZAR
From Amount (AUD)A$10,000
Fee:18
Exchange Rate:9.5261 (4.22% from mid-rate)
To Amount (ZAR) R95,090
Total Cost:4.39%
Difference:
R2,490 ZAR less than using TorFX
Time:
Rate Fetched: website - Fri Jan 17 2020 17:03:04 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 
National Australia Bank (nab) logo
National Australia Bank (nab): Foreign Transfer AUD→ZAR
From Amount (AUD)A$10,000
Fee:22
Exchange Rate:9.5207 (4.27% from mid-rate)
To Amount (ZAR) R94,998
Total Cost:4.48%
Difference:
R2,582 ZAR less than using TorFX
Time:
Rate Fetched: website - Fri Jan 17 2020 17:05:03 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
 
Westpac logo
Westpac: Foreign Transfer AUD→ZAR
From Amount (AUD)A$10,000
Fee:20
Exchange Rate:9.4143 (5.34% from mid-rate)
To Amount (ZAR) R93,955
Total Cost:5.53%
Difference:
R3,625 ZAR less than using TorFX
Time:
Rate Fetched: website - Thu Jan 16 2020 21:30:05 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Snapshot 01/17/2020 - 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
Commonwealth Bank (CBA) logo
R9,476.08
Compare
9.5718A$104.72%
BankSA Foreign Currency
BankSA logo
R9,453.34
R23 less
9.5973A$154.95%
ANZ Bank logo
R9,430.84
R45 less
9.5261A$105.17%
St George Bank logo
R9,418.77
R57 less
9.5622A$155.3%
Westpac logo
R9,320.16
R156 less
9.4143A$106.29%
Foreign Xchange logo
R9,119.9
R356 less
9.1199$10 Home Delivery & AusPost collect8.3%
 
Commonwealth Bank (CBA) logo
Commonwealth Bank (CBA): Travel Money AUD→ZAR
From Amount (AUD)A$1,000
Fee:A$10 AUD (1%)
Exchange Rate:9.5718 (3.76% from mid-rate)
To Amount (ZAR) R9,476.08
Total Cost:4.72%
Time:
Rate Fetched: website - Fri Jan 17 2020 17:02:02 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1.2/5.0
Reviews:
 
BankSA logo
BankSA: Travel Money AUD→ZAR
From Amount (AUD)A$1,000
Fee:A$15 AUD (Minimum fee)
Exchange Rate:9.5973 (3.5% from mid-rate)
To Amount (ZAR) R9,453.34
Total Cost:4.95%
Time:
Rate Fetched: website - 18:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
ANZ Bank logo
ANZ Bank: Travel Money AUD→ZAR
From Amount (AUD)A$1,000
Fee:A$10 AUD (1%)
Exchange Rate:9.5261 (4.22% from mid-rate)
To Amount (ZAR) R9,430.84
Total Cost:5.17%
Time:
Rate Fetched: website - Fri Jan 17 2020 17:03:04 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 3/5.0
Reviews:
 
St George Bank logo
St George Bank: Travel Money AUD→ZAR
From Amount (AUD)A$1,000
Fee:A$15 AUD (Minimum fee)
Exchange Rate:9.5622 (3.85% from mid-rate)
To Amount (ZAR) R9,418.77
Total Cost:5.3%
Time:
Rate Fetched: website - 18:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Westpac logo
Westpac: Travel Money AUD→ZAR
From Amount (AUD)A$1,000
Fee:A$10 AUD (1%)
Exchange Rate:9.4143 (5.34% from mid-rate)
To Amount (ZAR) R9,320.16
Total Cost:6.29%
Time:
Rate Fetched: website - Thu Jan 16 2020 21:30:05 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 
Foreign Xchange logo
Foreign Xchange: Travel Money AUD→ZAR
From Amount (AUD)A$1,000
Fee:$10 Home Delivery & AusPost collect, No other Fees
Exchange Rate:9.1199 (8.3% from mid-rate)
To Amount (ZAR) R9,119.9
Total Cost:8.3%
Time:18:00 Local
Currency Services:Order online. Home Delivery and Australia Post Collection for a flat $10 fee
Delivery/Collect:3 business days
Rating:
 
: 4/5.0
Reviews:
 
Snapshot 01/17/2020 - See full table

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)

The threat of proxy war between the US and Iran in Iraq has pared back some of the gains the Aussie had made coming into the New Year.

The Australian dollar had started the new decade strongly climbing to multi-month highs helped along by cooling trade tensions between the United States and China and optimism for global economic growth in the year ahead.

The Aussie broke back over US70 cents on the final day of 2019 — a level not seen since mid year. During December the Australian dollar reversed direction (again) and climbed steadily back up against the US dollar on the back of the strength of the housing market and a market perception that further interest rate cuts were less likely. In November it had been all downhill traffic for the Aussie dropping back from highs close to 70c at the beginning of the month to around 67c against the USD by month end.

At the end of October the AUD had surged to a three month high against the US dollar following the third rate cut in a year by the US Federal Reserve. The gains were mainly due to the fall in the US dollar after the market sensed that US rates are more likely to rise now than fall further.

The RBA also added to the positive sentiment with an optimistic assessment of easing risks from the US-China trade war and Brexit. Accordingly markets are pulling back from bets that the cash rate will drop to 0.5 per cent and the possible start of quantitative easing.

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.

For AUD forecasts and predictions read our Australian Dollar Forecasts report.

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