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Best Exchange Rates

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Compare AUD to ZAR foreign transfers

Use our comparison table to find the best exchange rates for South African Rand foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

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$AUD
RZAR

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Foreign Transfers - Exchange Rate Comparison

Foreign Transfer Providers
Ratings & Reviews
Receive ZAR(R)Exchange RateFee AUDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
TorFX logo
98,106 ZAR
Value & Rating
9.810600.94%Bank Transfers - Online & Phone1-2 days
 
OFX (OzForex) logo
98,156 ZAR
R50 more
9.81560^0.89%Bank Transfers - Online & Phone1-2 days
BankSA International Money Transfers
BankSA logo
95,382 ZAR
R2,724 less
9.557320.013.69%Online, Branch, Bank Transfers2-3 days
 
National Australia Bank (nab) logo
94,794 ZAR
R3,312 less
9.5003224.29%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
National Australia Bank (nab) logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo BankSA logo
94,297 ZAR
R3,809 less
9.4460154.79%Online, Branch, Bank Transfers2-3 days
 
ANZ Bank logo
94,249 ZAR
R3,857 less
9.4419184.84%Online, Branch, Bank Transfers2-3 days
 
Commonwealth Bank (CBA) logo
93,643 ZAR
R4,463 less
9.36996 5.45%Online, Branch, Bank Transfers2-3 days
 
St George Bank logo
93,418 ZAR
R4,688 less
9.3605205.68%Online, Branch, Bank Transfers2-3 days
TorFX: Foreign Transfer AUD→ZAR
AUD amount:$10,000 AUD
Fee:0
Exchange Rate:9.8106 (0.94% from mid-rate)
ZAR amount:98,106 ZAR
Total Cost:0.94%
Time:12:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
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:9.8156 (0.89% from mid-rate)
ZAR amount:98,156 ZAR
Total Cost:0.89%
Difference:
R50 more than using TorFX
Time:
Rate Fetched: Tue Jan 22 2019 10:00:39 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
BankSA: Foreign Transfer AUD→ZAR
AUD amount:$10,000 AUD
Fee:20.01
Exchange Rate:9.5573 (3.5% from mid-rate)
ZAR amount:95,382 ZAR
Total Cost:3.69%
Difference:
R2,724 less than using TorFX
Time:
Rate Fetched: website - 12:06 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:9.5003 (4.08% from mid-rate)
ZAR amount:94,794 ZAR
Total Cost:4.29%
Difference:
R3,312 less than using TorFX
Time:
Rate Fetched: website - Tue Jan 22 2019 10:05:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
 

Banks - Average Rate
National Australia Bank (nab) logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo BankSA logo

Foreign Transfer AUD→ZAR
AUD amount:$10,000 AUD
Fee:15
Exchange Rate:9.7320 (1.74% from mid-rate)
ZAR amount:94,297 ZAR
Total Cost:4.79%
Difference:
R3,809 less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
ANZ Bank: Foreign Transfer AUD→ZAR
AUD amount:$10,000 AUD
Fee:18
Exchange Rate:9.4419 (4.66% from mid-rate)
ZAR amount:94,249 ZAR
Total Cost:4.84%
Difference:
R3,857 less than using TorFX
Time:
Rate Fetched: website - Tue Jan 22 2019 10:03:04 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
Commonwealth Bank (CBA): Foreign Transfer AUD→ZAR
AUD amount:$10,000 AUD
Fee:6
Exchange Rate:9.3699 (5.39% from mid-rate)
ZAR amount:93,643 ZAR
Total Cost:5.45%
Difference:
R4,463 less than using TorFX
Time:
Rate Fetched: website - Tue Jan 22 2019 10:02:02 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:9.3605 (5.49% from mid-rate)
ZAR amount:93,418 ZAR
Total Cost:5.68%
Difference:
R4,688 less than using TorFX
Time:
Rate Fetched: website - 12:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes

1 AUD = 9.9031 ZAR

This is the current AUD-ZAR mid-market exchange rate. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market AUD-ZAR exchange rate.

3 Month Chart
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Currency news and forecasts for Australian Dollar and South African Rand

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.

So it follows that if you are determining the best time to transact, in this case the AUD vs ZAR, you should pay attention to both Australian Dollar and South African Rand news and forecasts.

Australian Dollar (AUD) - Market news and forecasts

17-January-19: The Australian dollar recovered strongly following a "flash crash" in early January which saw it briefly trade at a 10-year low of 67.4 US cents.

By the time of this report, AUD/USD was back at 72 cents and roughly in line with December’s median exchange rate. The Aussie was similarly strong against other major currencies following its mini crash.

Several months ago, most analysts agreed that the Aussie was heading higher in 2019, but things have changed. In recent months, investors have become increasingly certain that no increase to Australian interest rates will be seen until 2020; there is, in fact, now a 25 percent chance of an RBA cut, per derivatives pricing. Inaction on interest rates will force capital away from Australia and towards countries where rates are higher or are expected to increase.

One senior researcher at BNP Paribas said in January that the Australian dollar would “get absolutely crucified and could suffer a 25-30 percent [long-term] fall.”

In opposition to that view, at least relative to the US dollar, was a CIBC analyst, who said that at current levels the Aussie was “very undervalued” and was his “best bet” for 2019. The analyst’s view was based upon there being a positive resolution to the US-China trade spat. The Aussie could be worth as much as 78 US cents in the second half of 2019, the analyst said.

South African Rand (ZAR) - Market news and forecasts

18-January-19: 2018 was a grim year for the rand: it lost 14 percent of its value against the US dollar, lost nearly 10 percent against the euro, and lost 4.4 percent against the Australian dollar.

Though the rand has had a good start to 2019 (by January-18 it was up 2-3 percent against many major currencies), its outlook took a disappointing turn in January following a dovish meeting of the South African Reserve Bank.

At its meeting, the SARB pointed to significant improvements to the inflation outlook in South Africa, and indicated that this meant less of an incentive to raise interest rates. The SARB predicted only one further increase in rates between now and the end of 2021, down from a predicted three increases in November.

In addition, 2019’s general election will undoubtedly add uncertainty given the divisions within South Africa's ruling ANC party, and uncertainty usually leads to lower currency prices.

In mid-January, year-end forecasts offered by TradingEconomics.com signalled rand weakness worth nearly 10 percent from levels at the time of writing. USD/ZAR will end 2019 at 15.31, TE has said, and EUR/ZAR will end at 17.14.

Currency News and Forecasts - Australian Dollar

Australian Dollar to Get “Crucified,” Analyst Says
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Sterling at 7-Week High Ahead of Important Brexit Vote
Euro Fails in Breakout Attempt, Has Mixed Outlook in 2019
Australian Dollar, Canadian Dollar to Outperform; Yuan at 5-Month High
Outlook for Singapore Dollar Is Bright; Swiss Franc Strong In Spite of ...