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    Scotiabank CAD to ZAR Exchange Rates

    Compare & Save on Scotiabank Canadian dollar to South African rand FX rates - Check CAD/ZAR Trends and Forecasts.

     
    1 CAD =
    12.25We compare provider deals to this wholesale mid-market rate. Read more
    ZAR
    CAD to ZAR at 12.25 is 1.9% above its 90-day average 12.02 with range 11.49-12.59.
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    Sell CAD   →   Buy ZAR
    Track Rate
    1-DAY-0.6%1d
    14-DAYLOW1d
     

    In late November 2021 the South African rand sunk to 1 year lows above 16 against the US dollar. This was on news of a new variant of the coronavirus later called Omicron being identified in South Africa.

    However into 2022 the rand has strengthened back towards 15 to the greenback.


    Before Russia invaded Ukraine the CAD was being supported by expectations of domestic interest rate hikes – and the oil price was a key driver of CAD strength at the start of the year.

    Since the start of the Russia/Ukrainian war the risk on-off market are pushing the Canadian dollar rate up and down in a range around 0.7850 to the US dollar (1 USD = 1.27 CAD).

     CAD Outlook

    DateCAD/ZARChangePeriod
    13 May 2022
    12.52
    2.2% 2 Week
    26 Feb 2022
    11.91
    2.9% 3 Month
    27 May 2021
    11.40
    7.5% 1 Year
    28 May 2017
    9.5367
    28.5% 5 Year
    29 May 2012
    8.1402
    50.5% 10 Year
    01 Jun 2002
    6.4262
    90.6% 20 Year
    CAD/ZAR change over periods to 27-May-2022

    Scotiabank - CAD to ZAR - Compare & Save

    The below comparison table makes it easy to calculate the Total Cost you are being charged and the possible savings of using different FX providers.

     

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    Wire Transfer Send/Receive Fees

    Send money internationally as a direct deposit to your family or friends using your mobile app or online banking
    $1.99*/transfer on select accounts
    Each automatic pre-arranged transfer of funds between your Scotiabank personal Canadian Dollar deposit account (debit transaction fee applies) Free
    Each manually processed pre-arranged transfer of funds between your Scotiabank personal deposit accounts (debit transaction fee applies where applicable) $1.50
    Each transfer by branch staff between your Scotiabank personal deposit account due to telephone/fax/mail request, or to cover cheques (debit transaction fee applies) $4.50
    (optional Advice $5.00)
    Transferring a Scotiabank account balance to another financial institution $20.00
    Incoming Wire Transfer fees  
    Incoming Wire Transfer identified as a Pension Payment in the payment message $1.50 per transfer*
    All other Incoming Wire Transfers $15.00 CAD/USD per transfer*

    * All fees are charged in the currency of the account.

    Scotiabank FX Rates based on publicly available information available here.

       

    Exchange rates available for foreign transfers and currency exchange always contain either a rate margin from the Latest CAD to ZAR Exchange Rate (shown above) or a transaction fee and often both!

     

    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    Click below for the Request Quotes form and enter your transfer details (BER account required).

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    Save time and money - fewer websites to visit and you get a much better exchange rate & service.

       

    Country Guides - South African rand

     
    South AfricaSouth Africa (ZAR)
     

    How to get a good CAD to ZAR Exchange Rate

    There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.

    Reduce Excessive costs and fees

    Generally speaking, if you are buying South African rand with Canadian dollar, then it's good for the CAD/ZAR exchange rate to be higher.

    However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

    You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to South Africa.

     

    Will the Canadian dollar rise against the South African rand?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add CAD/ZAR to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.

     
    Track Rate
     

    Manage My Rates

     

    Rather than requiring you to set a target rate, our FX Alerts work differently.

    Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.