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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
98,556 ZAR
Best Overall
9.85560^1.11%
ANZ Bank logo
96,743 ZAR
1,813 ZAR
9.6917182.93%
BankSA International Money Transfers
BankSA logo
95,982 ZAR
2,574 ZAR
9.617420.013.69%
National Australia Bank (nab) logo
95,314 ZAR
3,242 ZAR
9.5524224.36%
Banks - Average Rate
National Australia Bank (nab) logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo BankSA logo
95,250 ZAR
3,306 ZAR
9.5414154.43%
Commonwealth Bank (CBA) logo
94,217 ZAR
4,339 ZAR
9.42746 5.46%
St George Bank logo
93,992 ZAR
4,564 ZAR
9.418205.69%
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:9.8556 (1.11% from mid-rate)
ZAR amount:98,556 ZAR
Total Cost:1.11%
Time:
Rate Fetched: Tue Jun 18 2019 16:00:39 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
ANZ Bank: Foreign Transfer AUD→ZAR
AUD amount:$10,000 AUD
Fee:18
Exchange Rate:9.6917 (2.75% from mid-rate)
ZAR amount:96,743 ZAR
Total Cost:2.93%
Difference:
1,813 ZAR less than using OFX (OzForex)
Time:
Rate Fetched: website - Tue Jun 18 2019 16:03:06 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
BankSA: Foreign Transfer AUD→ZAR
AUD amount:$10,000 AUD
Fee:20.01
Exchange Rate:9.6174 (3.5% from mid-rate)
ZAR amount:95,982 ZAR
Total Cost:3.69%
Difference:
2,574 ZAR less than using OFX (OzForex)
Time:
Rate Fetched: website - 16:16 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
National Australia Bank (nab): Foreign Transfer AUD→ZAR
AUD amount:$10,000 AUD
Fee:22
Exchange Rate:9.5524 (4.15% from mid-rate)
ZAR amount:95,314 ZAR
Total Cost:4.36%
Difference:
3,242 ZAR less than using OFX (OzForex)
Time:
Rate Fetched: website - Tue Jun 18 2019 16:05:03 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AUD→ZAR
AUD amount:$10,000 AUD
Fee:15
Exchange Rate:9.7717 (1.95% from mid-rate)
ZAR amount:95,250 ZAR
Total Cost:4.43%
Difference:
3,306 ZAR less than using OFX (OzForex)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Commonwealth Bank (CBA): Foreign Transfer AUD→ZAR
AUD amount:$10,000 AUD
Fee:6
Exchange Rate:9.4274 (5.41% from mid-rate)
ZAR amount:94,217 ZAR
Total Cost:5.46%
Difference:
4,339 ZAR less than using OFX (OzForex)
Time:
Rate Fetched: website - Tue Jun 18 2019 16:02:01 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:9.4180 (5.5% from mid-rate)
ZAR amount:93,992 ZAR
Total Cost:5.69%
Difference:
4,564 ZAR less than using OFX (OzForex)
Time:
Rate Fetched: website - 16:16 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 06/18/2019 - 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
ANZ Bank logo
9,594.78 ZAR
Compare
9.6917$103.72%
BankSA Foreign Currency
BankSA logo
9,472.75 ZAR
122 ZAR
9.617$154.95%
Banks - Average Rate
ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo National Australia Bank (nab) logo BankSA logo
9,382 ZAR
213 ZAR
9.4958105.86%
Travelex Online AU logo
9,368.6 ZAR
226 ZAR
9.3686$0 BPay, Card 0.72%-1%5.99%
National Australia Bank (nab) logo
9,339.96 ZAR
255 ZAR
9.4343106.28%
Commonwealth Bank (CBA) logo
9,278.87 ZAR
316 ZAR
9.3726$106.89%
St George Bank logo
9,222.75 ZAR
372 ZAR
9.3632$157.46%
ANZ Bank: Travel Money AUD→ZAR
AUD amount:$1,000 AUD
Fee:$10 AUD (1%)
Exchange Rate:9.6917 (2.75% from mid-rate)
ZAR amount:9,594.78 ZAR
Total Cost:3.72%
Time:
Rate Fetched: website - Tue Jun 18 2019 16:03:06 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 3/5.0
Reviews:
BankSA: Travel Money AUD→ZAR
AUD amount:$1,000 AUD
Fee:$15 AUD (Minimum fee)
Exchange Rate:9.6170 (3.5% from mid-rate)
ZAR amount:9,472.75 ZAR
Total Cost:4.95%
Time:
Rate Fetched: website - 16:17 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money AUD→ZAR
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:9.4727 (4.95% from mid-rate)
ZAR amount:9,382 ZAR
Total Cost:5.86%
Currency Services:Branch
Delivery/Collect:-
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:9.3686 (5.99% from mid-rate)
ZAR amount:9,368.6 ZAR
Total Cost:5.99%
Time:
Rate Fetched: Tue Jun 18 2019 16:00:05 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
National Australia Bank (nab): Travel Money AUD→ZAR
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:9.4343 (5.33% from mid-rate)
ZAR amount:9,339.96 ZAR
Total Cost:6.28%
Time:
Rate Fetched: website - 16:17 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:$10 AUD (1%)
Exchange Rate:9.3726 (5.95% from mid-rate)
ZAR amount:9,278.87 ZAR
Total Cost:6.89%
Time:
Rate Fetched: website - Tue Jun 18 2019 16:02:01 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:$15 AUD (Minimum fee)
Exchange Rate:9.3632 (6.05% from mid-rate)
ZAR amount:9,222.75 ZAR
Total Cost:7.46%
Time:
Rate Fetched: website - 16:17 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 06/18/2019 - See full table

AUD to ZAR interbank exchange rate = 9.979

 
 

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 late May the Australian dollar stabilized after a shocking mid-April to mid-May period, during which it suffered across-the-board losses, including losses worth 5 percent against the US dollar. May’s closing exchange rate of US69.3¢ keeps the Aussie near long-term lows, but it’s an improvement on May-17's rate of 68.7¢ — its lowest weekly closing rate since early 2016.

A stuttering domestic economy and elevated US-China trade tensions (which threaten commodities demand and risk appetite) have driven the Aussie lower.

In an effort to support economic growth and boost inflation, which remains well below target, Australia's central bank cut interest rates in early June, and is expected to do so at least once more this year, making the Australian dollar susceptible to yield-chasing capital outflows.

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