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CHF/ZAR - Convert Compare Save

Swiss Franc 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 Swiss Franc to South African Rand exchange rate, has news, forecasts and CHF 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.

CHF/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 CHF/ZAR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive ZAR(R)Exchange RateFee CHFTotal CostDeal Links
OFX logo
154,300 ZAR15.430 for BER users (normally $15)1.21%
HSBC logo
147,379 ZAR14.76Fr155.64%
Banks - Average Rate
Deutsche Bank logo Citibank logo UBS Bank logo HSBC logo
146,388 ZAR14.72156.27%
UBS Bank International Money Transfers
UBS Bank logo
146,223 ZAR14.77Fr1006.38%
Citibank International Money Transfers
Citibank logo
146,025 ZAR14.62126.5%
Deutsche Bank International Money Transfers
Deutsche Bank logo
145,926 ZAR14.74Fr1006.57%
 
OFX: Foreign Transfer CHF→ZAR
CHF amount:10,000 CHF
Fee:0 for BER users (normally $15)
Exchange Rate:15.43 (1.21% from mid-rate)
ZAR amount:154,300 ZAR
Total Cost:1.21%
Time:
Rate Fetched: 1:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer CHF→ZAR
CHF amount:10,000 CHF
Fee:Fr15 CHF (.15%)
Exchange Rate:14.76 (5.5% from mid-rate)
ZAR amount:147,379 ZAR
Total Cost:5.64%
Difference:
6,921 ZAR less than using OFX
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer CHF→ZAR
CHF amount:10,000 CHF
Fee:15
Exchange Rate:14.92 (4.47% from mid-rate)
ZAR amount:146,388 ZAR
Total Cost:6.27%
Difference:
7,912 ZAR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

UBS Bank logoUBS Bank

UBS Bank: Foreign Transfer CHF→ZAR
CHF amount:10,000 CHF
Fee:Fr100 CHF (1%)
Exchange Rate:14.77 (5.43% from mid-rate)
ZAR amount:146,223 ZAR
Total Cost:6.38%
Difference:
8,077 ZAR less than using OFX
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer CHF→ZAR
CHF amount:10,000 CHF
Fee:12
Exchange Rate:14.62 (6.39% from mid-rate)
ZAR amount:146,025 ZAR
Total Cost:6.5%
Difference:
8,275 ZAR less than using OFX
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Deutsche Bank logoDeutsche Bank

Deutsche Bank: Foreign Transfer CHF→ZAR
CHF amount:10,000 CHF
Fee:Fr100 CHF (1%)
Exchange Rate:14.74 (5.62% from mid-rate)
ZAR amount:145,926 ZAR
Total Cost:6.57%
Difference:
8,374 ZAR less than using OFX
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/19/2019 - See full table

CHF to ZAR interbank exchange rate = 15.7118

 
 

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 CHF/ZAR exchange rates

Foreign Transfers

Foreign Transfers Travel Money

   

CHF and ZAR in the Markets

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

 

Swiss Franc (CHF)

The Swiss National Bank continues to reaffirm its commitment to an ultra-loose monetary policy, which includes negative interest rates and a willingness to intervene in FX markets, as part of an effort to spark inflation in the economy.

The SNB will be unhappy, therefore, with the franc’s strength in May.

Between April-23 and May-24 (the day of this report), the franc was the best performing G10 currency; it gained 2.2 percent against the euro, taking EUR/CHF back towards Fr1.12 and close to long-term lows (franc highs).

May’s strength reflected worsening sentiment towards the global economy, driven by a significant escalation in US-China trade tensions. As a safe haven, the franc typically gains value during tough times and sinks when investors gain confidence.

 

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 CHF/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 CHF / 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 CHF Exchange Rates