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CAD to ZAR - Rate Guide

Canadian 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/Card transactions as shown below.

 

1 CAD = 11.39 ZAR

   Sell CAD / Buy ZAR  Switch

CAD to ZAR - Trading Range (90 Day)
ALERT: 14-DAY HIGHS 🔔 |
CAD/ZAR at 11.33 is trading 2.3% above the 90-day average 11.07 with a range 10.73 to 11.34. ALERT: CAD/ZAR has risen to 14-DAY HIGHS.
19-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Canadian Dollar to South African Rand

CAD

ZAR

C$ 1
R 11.39
C$ 5
R 56.95
C$ 10
R 113.90
C$ 20
R 227.80
C$ 50
R 569.50
C$ 100
R 1,139
C$ 250
R 2,848
C$ 500
R 5,695
C$ 1,000
R 11,390
C$ 2,000
R 22,780
C$ 5,000
R 56,950
C$ 10,000
R 113,900
C$ 50,000
R 569,500
C$ 100,000
R 1,139,000
More amounts

CAD

ZAR

C$ 0.0878
R 1
C$ 0.4391
R 5
C$ 0.8782
R 10
C$ 1.7565
R 20
C$ 4.3912
R 50
C$ 8.7824
R 100
C$ 21.96
R 250
C$ 43.91
R 500
C$ 87.82
R 1,000
C$ 175.65
R 2,000
C$ 439.12
R 5,000
C$ 878.24
R 10,000
C$ 4,391
R 50,000
C$ 8,782
R 100,000
More amounts

To calculate specific CAD/ZAR amounts use our Convert CAD to ZAR quick calculator.


Comparing Foreign Exchange Providers

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also 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 CAD/ZAR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

CAD to ZAR International Money Transfers

  

Foreign Transfer Providers Receive ZAR(R)Exchange RateFee CADTotal CostDeal Links
OFX logo
111,800 R
Best Overall
11.180^1.86%
HSBC logo
109,436 R
R2,364 less
10.96C$153.94%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
108,603 R
R3,197 less
10.97C$1004.67%
Scotiabank logo
108,504 R
R3,296 less
10.96C$1004.76%
TD Canada Trust logo
108,504 R
R3,296 less
10.96C$1004.76%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo HSBC logo TD Canada Trust logo Royal Bank of Canada logo
108,492 R
R3,308 less
10.94154.77%
Royal Bank of Canada logo
107,415 R
R4,385 less
10.85C$1005.71%
 
OFX logo
OFX: Foreign Transfer CAD→ZAR
From Amount (CAD)C$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:11.18 (1.86% from mid-rate)
To Amount (ZAR)111,800 R
Total Cost:1.86%
Time:
Rate Fetched: Thu Feb 20 2020 06:05:15 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer CAD→ZAR
From Amount (CAD)C$10,000
Fee:C$15 CAD (.15%)
Exchange Rate:10.96 (3.79% from mid-rate)
To Amount (ZAR)109,436 R
Total Cost:3.94%
Difference:
R2,364 ZAR less than using OFX
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Coast Capital Savings logo
Coast Capital Savings: Foreign Transfer CAD→ZAR
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:10.97 (3.71% from mid-rate)
To Amount (ZAR)108,603 R
Total Cost:4.67%
Difference:
R3,197 ZAR less than using OFX
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Scotiabank logo
Scotiabank: Foreign Transfer CAD→ZAR
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:10.96 (3.79% from mid-rate)
To Amount (ZAR)108,504 R
Total Cost:4.76%
Difference:
R3,296 ZAR less than using OFX
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
TD Canada Trust logo
TD Canada Trust: Foreign Transfer CAD→ZAR
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:10.96 (3.79% from mid-rate)
To Amount (ZAR)108,504 R
Total Cost:4.76%
Difference:
R3,296 ZAR less than using OFX
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer CAD→ZAR
From Amount (CAD)C$10,000
Fee:15
Exchange Rate:10.82 (5.02% from mid-rate)
To Amount (ZAR)108,492 R
Total Cost:4.77%
Difference:
R3,308 ZAR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Royal Bank of Canada logo
Royal Bank of Canada: Foreign Transfer CAD→ZAR
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:10.85 (4.76% from mid-rate)
To Amount (ZAR)107,415 R
Total Cost:5.71%
Difference:
R4,385 ZAR less than using OFX
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 02/20/2020 - View latest rates
 

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 Providers Amount ZAR(R)Exchange RateFee CADTotal CostDeal Links
Travelex Online CA logo
10,990 R
Best Overall
10.99$03.53%
Royal Bank of Canada logo
10,750 R
R240 less
10.7505.64%
TD Canada Trust logo
10,640 R
R350 less
10.6406.6%
Banks - Average Rate
Scotiabank logo TD Canada Trust logo Royal Bank of Canada logo
10,612 R
R378 less
10.68C$106.84%
Scotiabank logo
10,447 R
R543 less
10.66C$208.3%
 
Travelex Online CA logo
Travelex Online CA: Travel Money CAD→ZAR
From Amount (CAD)C$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:10.99 (3.53% from mid-rate)
To Amount (ZAR)10,990 R
Total Cost:3.53%
Time:
Rate Fetched: 6:07 Local
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Royal Bank of Canada logo
Royal Bank of Canada: Travel Money CAD→ZAR
From Amount (CAD)C$1,000
Fee:
Exchange Rate:10.75 (5.64% from mid-rate)
To Amount (ZAR)10,750 R
Total Cost:5.64%
Time:6:07 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
TD Canada Trust logo
TD Canada Trust: Travel Money CAD→ZAR
From Amount (CAD)C$1,000
Fee:
Exchange Rate:10.64 (6.6% from mid-rate)
To Amount (ZAR)10,640 R
Total Cost:6.6%
Time:6:07 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money CAD→ZAR
From Amount (CAD)C$1,000
Fee:C$10 CAD (1%)
Exchange Rate:9.9681 (12.5% from mid-rate)
To Amount (ZAR)10,612 R
Total Cost:6.84%
Currency Services:Branch
Delivery/Collect:-
 
Scotiabank logo
Scotiabank: Travel Money CAD→ZAR
From Amount (CAD)C$1,000
Fee:C$20 CAD (Minimum fee)
Exchange Rate:10.66 (6.43% from mid-rate)
To Amount (ZAR)10,447 R
Total Cost:8.3%
Time:6:07 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 02/20/2020 - View latest rates
 

Country Guides (CAD & ZAR)

CanadaCanada (CAD)South AfricaSouth Africa (ZAR)

CAD and ZAR in the Markets

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

Canadian Dollar (CAD)

Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

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

The Canadian dollar was range bound during the second half of 2019 oscillating between US75c and US76.5c. Mid-year the loonie stormed ahead in June and July, rising to what turned out to be the 2019 high against the US dollar of US76.7cents and to 8-month highs against the euro, pound, Australian and New Zealand dollars. Against the Aussie, a minimal additional increase would take CAD to a 9-year high.

Supporting the loonie was a 10 percent rise in the oil price (oil is among Canada’s most exported products but is volatile and can’t be relied upon), a large and welcome jump in inflation, and dovishness at major central banks of the world, including the Federal Reserve, ECB and RBA.

The USMCA was signed by the United States, Mexico and Canadian on November 30 at the G20 Summit in Buenos Aires. Any delay to Canadian ratification of the USMCA trade deal would have likely depressed sentiment on Canada’s currency.

Read more in the article CAD 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.


How to get Best CAD to ZAR Exchange Rates

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).

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.

What is a good CAD to ZAR exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the CAD to ZAR exchange rate to the present day for periods going back upto 10 years.

PeriodChange*CAD/ZARDate
7 Day+0.9%11.227512 Feb 2020
30 Day+1.9%11.118220 Jan 2020
3 Month+2.5%11.054621 Nov 2019
1 Year+6.6%10.631719 Feb 2019
5 Year+21.9%9.292920 Feb 2015
10 Year+54.3%7.344821 Feb 2010

*For period to 19-Feb 21UTC when CAD/ZAR was 11.3307

When is the best time to exchange CAD to ZAR?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup myBER FX Alerts

We help you Save Money on Exchange Rates.

 

View all CAD Exchange Rates