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EUR to ZAR - Rate Guide

Euro 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.

 

EUR/ZAR update & alerts

1 EUR = 16.34 ZAR

Sell EUR - Buy ZAR  Invert

EUR to ZAR - Trading Range (90 Day)
ALERTS: 1-DAY ▲ 1% 🔔 | 14-DAY HIGHS 🔔 |
EUR/ZAR 90-DAY TREND: At 16.4 EUR to ZAR is trading near the average 16.38 with a range 16.12 to 16.84. ALERTS: Today EUR/ZAR is UP 1% and has also risen to 14-DAY HIGHS.
10 Dec, 2019 16:03-EST 21:03-GMT 08:03-AEDT(+1D)

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EUR/ZAR Exchange Rates and Providers Compared

This guide to the Euro to South African Rand exchange rate with 90-day chart & alerts, historic rates, forecasts and EUR to ZAR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our EUR/ZAR Quick Calculator.

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

 
  

EUR to ZAR International Money Transfers

  

Foreign Transfer ProvidersReceive ZAR(R)Exchange RateFee EURTotal CostDeal Links
OFX logo
R80,100
Best Overall
16.020 for BER users (normally $15)1.79%
WorldFirst logo
R81,150
R1,050 more
16.2300.5%
TorFX logo
R80,000
R100 less
1601.91%
HSBC logo
R78,432
R1,668 less
15.71€7.53.84%
Deutsche Bank International Money Transfers
Deutsche Bank logo
R77,666
R2,434 less
15.69€504.77%
Citibank International Money Transfers
Citibank logo
R77,613
R2,487 less
15.56124.84%
Santander International Money Transfers
Santander logo
R77,190
R2,910 less
15.5205.36%
Banks - Average Rate
Deutsche Bank logo Santander logo Citibank logo Sparkasse Bank logo HSBC logo Bank of Ireland logo Crédit Agricole logo AIB Bank logo BNP Paribas logo
R76,750
R3,350 less
15.45125.9%
Bank of Ireland International Money Transfers
Bank of Ireland logo
R76,725
R3,375 less
15.5€505.93%
BNP Paribas International Money Transfers
BNP Paribas logo
R76,280
R3,820 less
15.41€506.47%
Crédit Agricole International Money Transfers
Crédit Agricole logo
R76,131
R3,969 less
15.38€506.66%
AIB Bank International Money Transfers
AIB Bank logo
R75,834
R4,266 less
15.32€507.02%
Sparkasse Bank International Money Transfers
Sparkasse Bank logo
R74,875
R5,225 less
15.02158.2%
 
OFX logo
OFX: Foreign Transfer EUR→ZAR
From Amount (EUR)€5,000
Fee:0 for BER users (normally $15)
Exchange Rate:16.02 (1.79% from mid-rate)
To Amount (ZAR) R80,100
Total Cost:1.79%
Time:
Rate Fetched: Wed Dec 11 2019 17:12:27 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
WorldFirst logo
WorldFirst: Foreign Transfer EUR→ZAR
From Amount (EUR)€5,000
Fee:
Exchange Rate:16.23 (0.5% from mid-rate)
To Amount (ZAR) R81,150
Total Cost:0.5%
Difference:
R1,050 ZAR more than using OFX
Time:18:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
TorFX logo
TorFX: Foreign Transfer EUR→ZAR
From Amount (EUR)€5,000
Fee:0
Exchange Rate:16 (1.91% from mid-rate)
To Amount (ZAR) R80,000
Total Cost:1.91%
Difference:
R100 ZAR less than using OFX
Time:18:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer EUR→ZAR
From Amount (EUR)€5,000
Fee:€7.5 EUR (.15%)
Exchange Rate:15.71 (3.69% from mid-rate)
To Amount (ZAR) R78,432
Total Cost:3.84%
Difference:
R1,668 ZAR less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Deutsche Bank logo
Deutsche Bank: Foreign Transfer EUR→ZAR
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:15.69 (3.81% from mid-rate)
To Amount (ZAR) R77,666
Total Cost:4.77%
Difference:
R2,434 ZAR less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer EUR→ZAR
From Amount (EUR)€5,000
Fee:12
Exchange Rate:15.56 (4.61% from mid-rate)
To Amount (ZAR) R77,613
Total Cost:4.84%
Difference:
R2,487 ZAR less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Santander logo
Santander: Foreign Transfer EUR→ZAR
From Amount (EUR)€5,000
Fee:20
Exchange Rate:15.5 (4.98% from mid-rate)
To Amount (ZAR) R77,190
Total Cost:5.36%
Difference:
R2,910 ZAR less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer EUR→ZAR
From Amount (EUR)€5,000
Fee:12
Exchange Rate:15.45 (5.28% from mid-rate)
To Amount (ZAR) R76,750
Total Cost:5.9%
Difference:
R3,350 ZAR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of Ireland logo
Bank of Ireland: Foreign Transfer EUR→ZAR
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:15.5 (4.98% from mid-rate)
To Amount (ZAR) R76,725
Total Cost:5.93%
Difference:
R3,375 ZAR less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
BNP Paribas logo
BNP Paribas: Foreign Transfer EUR→ZAR
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:15.41 (5.53% from mid-rate)
To Amount (ZAR) R76,280
Total Cost:6.47%
Difference:
R3,820 ZAR less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Crédit Agricole logo
Crédit Agricole: Foreign Transfer EUR→ZAR
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:15.38 (5.71% from mid-rate)
To Amount (ZAR) R76,131
Total Cost:6.66%
Difference:
R3,969 ZAR less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
AIB Bank logo
AIB Bank: Foreign Transfer EUR→ZAR
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:15.32 (6.08% from mid-rate)
To Amount (ZAR) R75,834
Total Cost:7.02%
Difference:
R4,266 ZAR less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sparkasse Bank logo
Sparkasse Bank: Foreign Transfer EUR→ZAR
From Amount (EUR)€5,000
Fee:15
Exchange Rate:15.02 (7.92% from mid-rate)
To Amount (ZAR) R74,875
Total Cost:8.2%
Difference:
R5,225 ZAR less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 12/11/2019 - See full table

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.

  

South African rand Travel Money

  

Travel Money ProvidersAmount ZAR(R)Exchange RateFee EURTotal CostDeal Links
Travelex Online logo
R15,071
Best Overall
15.070507.61%
Deutsche Bank Foreign Currency
Deutsche Bank logo
R14,962
R109 less
15.19€158.28%
BNP Paribas Foreign Currency
BNP Paribas logo
R14,883
R188 less
15.11€158.76%
Citibank Foreign Currency
Citibank logo
R14,880
R191 less
15.03€108.78%
Banks - Average Rate
Deutsche Bank logo Citibank logo Sparkasse Bank logo HSBC logo Bank of Ireland logo Crédit Agricole logo AIB Bank logo BNP Paribas logo
R14,737
R334 less
14.9€109.65%
Crédit Agricole Foreign Currency
Crédit Agricole logo
R14,726
R345 less
14.95€159.72%
Bank of Ireland Foreign Currency
Bank of Ireland logo
R14,711
R360 less
14.86€109.81%
AIB Bank Foreign Currency
AIB Bank logo
R14,682
R389 less
14.83€109.99%
Sparkasse Bank Foreign Currency
Sparkasse Bank logo
R14,573
R498 less
14.72€1010.66%
HSBC logo
R14,480
R591 less
14.48011.23%
 
Travelex Online logo
Travelex Online: Travel Money EUR→ZAR
From Amount (EUR)€1,000
Fee:undefined
Exchange Rate:15.0705 (7.61% from mid-rate)
To Amount (ZAR) R15,071
Total Cost:7.61%
Time:
Rate Fetched: Wed Dec 11 2019 18:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Deutsche Bank logo
Deutsche Bank: Travel Money EUR→ZAR
From Amount (EUR)€1,000
Fee:€15 EUR (Minimum fee)
Exchange Rate:15.19 (6.88% from mid-rate)
To Amount (ZAR) R14,962
Total Cost:8.28%
Time:18:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
BNP Paribas logo
BNP Paribas: Travel Money EUR→ZAR
From Amount (EUR)€1,000
Fee:€15 EUR (Minimum fee)
Exchange Rate:15.11 (7.37% from mid-rate)
To Amount (ZAR) R14,883
Total Cost:8.76%
Time:18:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Travel Money EUR→ZAR
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:15.03 (7.86% from mid-rate)
To Amount (ZAR) R14,880
Total Cost:8.78%
Time:18:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money EUR→ZAR
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:14.4 (11.72% from mid-rate)
To Amount (ZAR) R14,737
Total Cost:9.65%
Currency Services:Branch
Delivery/Collect:-
 
Crédit Agricole logo
Crédit Agricole: Travel Money EUR→ZAR
From Amount (EUR)€1,000
Fee:€15 EUR (Minimum fee)
Exchange Rate:14.95 (8.35% from mid-rate)
To Amount (ZAR) R14,726
Total Cost:9.72%
Time:18:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Bank of Ireland logo
Bank of Ireland: Travel Money EUR→ZAR
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:14.86 (8.9% from mid-rate)
To Amount (ZAR) R14,711
Total Cost:9.81%
Time:18:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
AIB Bank logo
AIB Bank: Travel Money EUR→ZAR
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:14.83 (9.08% from mid-rate)
To Amount (ZAR) R14,682
Total Cost:9.99%
Time:18:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Sparkasse Bank logo
Sparkasse Bank: Travel Money EUR→ZAR
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:14.72 (9.76% from mid-rate)
To Amount (ZAR) R14,573
Total Cost:10.66%
Time:18:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Travel Money EUR→ZAR
From Amount (EUR)€1,000
Fee:
Exchange Rate:14.48 (11.23% from mid-rate)
To Amount (ZAR) R14,480
Total Cost:11.23%
Time:18:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 12/11/2019 - See full table

EUR and ZAR in the Markets

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

Euro (EUR)

Euro sentiment dipped in mid-June after the ECB, like other major central banks of the world, ramped up its dovish rhetoric. It said that there was “considerable room” for further quantitative easing and that it would consider negative interest rates. Ordinarily, this would spark an extended euro decline but since other major currencies are also wrestling with easier central bank policies, euro depreciation may be contained.

In spite of Brexit, a slowdown in economic growth, Italian risks and persistently weak inflation — an important measure of inflation expectations fell in June to a record low — the euro did fantastically well against the Australian dollar, New Zealand dollar and British pound between mid-April and mid-June. Due to a stronger US dollar, EUR/USD was down 2 percent on the year at $1.12, close to long-term lows.

Read more in the article EUR 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.

Why can't I just get the EUR/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 EUR / 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 EUR Exchange Rates