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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.

 
 

Compare Best Exchange Rates for:

   
$AUD
RZAR

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Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Foreign Transfer Providers
Ratings & Reviews
Receive ZAR(R)Exchange RateFee AUDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
TorFX logo
100,500 ZAR
Best Overall
10.0501.51%Bank Transfers - Online & Phone1-2 days
 
OFX (OzForex) logo
100,600 ZAR
100 ZAR
10.060^1.41%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
 
Westpac logo
101,996 ZAR
1,496 ZAR
10.22200.04%Online, Branch, Bank Transfers2-3 days
BankSA International Money Transfers
BankSA logo
98,273 ZAR
2,227 ZAR
9.84720.013.69%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
National Australia Bank (nab) logo Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo BankSA logo
97,662 ZAR
2,838 ZAR
9.7836154.29%Online, Branch, Bank Transfers2-3 days
 
National Australia Bank (nab) logo
97,117 ZAR
3,383 ZAR
9.7331224.83%Online, Branch, Bank Transfers2-3 days
 
Commonwealth Bank (CBA) logo
96,277 ZAR
4,223 ZAR
9.63356 5.65%Online, Branch, Bank Transfers2-3 days
 
ANZ Bank logo
96,264 ZAR
4,236 ZAR
9.6438185.66%Online, Branch, Bank Transfers2-3 days
 
St George Bank logo
96,047 ZAR
4,453 ZAR
9.6239205.87%Online, Branch, Bank Transfers2-3 days
TorFX: Foreign Transfer AUD→ZAR
AUD amount:$10,000 AUD
Fee:0
Exchange Rate:10.05 (1.51% from mid-rate)
ZAR amount:100,500 ZAR
Total Cost:1.51%
Time:12:05 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:10.06 (1.41% from mid-rate)
ZAR amount:100,600 ZAR
Total Cost:1.41%
Difference:
100 ZAR more than using TorFX
Time:
Rate Fetched: Fri Mar 22 2019 10:00:40 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 (-0.16% from mid-rate)
ZAR amount:101,996 ZAR
Total Cost:0.04%
Difference:
1,496 ZAR more than using TorFX
Time:
Rate Fetched: website - Fri Mar 22 2019 10:04:05 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:9.8470 (3.5% from mid-rate)
ZAR amount:98,273 ZAR
Total Cost:3.69%
Difference:
2,227 ZAR less than using TorFX
Time:
Rate Fetched: website - 12:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AUD→ZAR
AUD amount:$10,000 AUD
Fee:15
Exchange Rate:9.9714 (2.28% from mid-rate)
ZAR amount:97,662 ZAR
Total Cost:4.29%
Difference:
2,838 ZAR less than using TorFX
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:9.7331 (4.62% from mid-rate)
ZAR amount:97,117 ZAR
Total Cost:4.83%
Difference:
3,383 ZAR less than using TorFX
Time:
Rate Fetched: website - Fri Mar 22 2019 10:05:02 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:9.6335 (5.59% from mid-rate)
ZAR amount:96,277 ZAR
Total Cost:5.65%
Difference:
4,223 ZAR less than using TorFX
Time:
Rate Fetched: website - Fri Mar 22 2019 10:02:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1.2/5.0
Reviews:
ANZ Bank: Foreign Transfer AUD→ZAR
AUD amount:$10,000 AUD
Fee:18
Exchange Rate:9.6438 (5.49% from mid-rate)
ZAR amount:96,264 ZAR
Total Cost:5.66%
Difference:
4,236 ZAR less than using TorFX
Time:
Rate Fetched: website - Fri Mar 22 2019 10:03:04 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
St George Bank: Foreign Transfer AUD→ZAR
AUD amount:$10,000 AUD
Fee:20
Exchange Rate:9.6239 (5.69% from mid-rate)
ZAR amount:96,047 ZAR
Total Cost:5.87%
Difference:
4,453 ZAR less than using TorFX
Time:
Rate Fetched: website - 12:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
3 Month Chart
Loading AUDUSD rates

This is a chart showing the change in the AUD-ZAR mid-market exchange rate over the last week. 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.

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

Following a flash crash in early January, which saw the Australian dollar briefly trade at a 10-year low of $0.674, the Aussie recovered to $0.73, but then, as it had done before the flash crash, it commenced with a slow and steady decline, and it was back at $0.705 in mid-March and was predicted to fall further.

In February, HSBC predicted a year-end AUD/USD rate of $0.66. In March, Westpac and JP Morgan were slightly more upbeat and argued for $0.68.

Fuelling lower exchange rate forecasts is the Australian economic story, for which major themes include a housing market slump, Chinese growth and the US-China trade spat. The RBA slashed growth forecasts in February and markets are now pricing in 1-2 interest rate cuts this year.

Another Aussie exchange rate worth mentioning is AUD/GBP, which sank in mid-March to its lowest level in nearly 3 years, at just £0.53. The Australian dollar has been unable to compete with the pound of late, since the latter benefits every time the British government fails to make a decision on how to deliver Brexit (every time Brexit appears less likely or to be delayed).

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.