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EUR/ZAR - Convert Compare Save

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.

 

This resource page for the Euro to South African Rand exchange rate, has news, forecasts and EUR 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.

EUR/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 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
82,650 ZAR
Best Overall
16.530 for BER users (normally $15)2.65%
HSBC logo
80,928 ZAR
1,722 ZAR
16.21€7.54.68%
Deutsche Bank International Money Transfers
Deutsche Bank logo
80,141 ZAR
2,509 ZAR
16.19€505.61%
Citibank International Money Transfers
Citibank logo
80,107 ZAR
2,543 ZAR
16.06125.65%
Santander International Money Transfers
Santander logo
79,630 ZAR
3,020 ZAR
15.99206.21%
BNP Paribas International Money Transfers
BNP Paribas logo
79,448 ZAR
3,202 ZAR
16.05€506.42%
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
79,354 ZAR
3,296 ZAR
15.98126.54%
Bank of Ireland International Money Transfers
Bank of Ireland logo
79,151 ZAR
3,499 ZAR
15.99€506.77%
Crédit Agricole International Money Transfers
Crédit Agricole logo
78,606 ZAR
4,044 ZAR
15.88€507.42%
AIB Bank International Money Transfers
AIB Bank logo
78,260 ZAR
4,390 ZAR
15.81€507.82%
Sparkasse Bank International Money Transfers
Sparkasse Bank logo
77,916 ZAR
4,734 ZAR
15.63158.23%
 
OFX: Foreign Transfer EUR→ZAR
EUR amount:€5,000 EUR
Fee:0 for BER users (normally $15)
Exchange Rate:16.53 (2.65% from mid-rate)
ZAR amount:82,650 ZAR
Total Cost:2.65%
Time:
Rate Fetched: Sat Aug 17 2019 04:12:08 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer EUR→ZAR
EUR amount:€5,000 EUR
Fee:€7.5 EUR (.15%)
Exchange Rate:16.21 (4.54% from mid-rate)
ZAR amount:80,928 ZAR
Total Cost:4.68%
Difference:
1,722 ZAR less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Deutsche Bank logoDeutsche Bank

Deutsche Bank: Foreign Transfer EUR→ZAR
EUR amount:€5,000 EUR
Fee:€50 EUR (1%)
Exchange Rate:16.19 (4.66% from mid-rate)
ZAR amount:80,141 ZAR
Total Cost:5.61%
Difference:
2,509 ZAR less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer EUR→ZAR
EUR amount:€5,000 EUR
Fee:12
Exchange Rate:16.06 (5.42% from mid-rate)
ZAR amount:80,107 ZAR
Total Cost:5.65%
Difference:
2,543 ZAR less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Santander logoSantander

Santander: Foreign Transfer EUR→ZAR
EUR amount:€5,000 EUR
Fee:20
Exchange Rate:15.99 (5.83% from mid-rate)
ZAR amount:79,630 ZAR
Total Cost:6.21%
Difference:
3,020 ZAR less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 

BNP Paribas logoBNP Paribas

BNP Paribas: Foreign Transfer EUR→ZAR
EUR amount:€5,000 EUR
Fee:€50 EUR (1%)
Exchange Rate:16.05 (5.48% from mid-rate)
ZAR amount:79,448 ZAR
Total Cost:6.42%
Difference:
3,202 ZAR less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer EUR→ZAR
EUR amount:€5,000 EUR
Fee:12
Exchange Rate:15.94 (6.13% from mid-rate)
ZAR amount:79,354 ZAR
Total Cost:6.54%
Difference:
3,296 ZAR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of Ireland logoBank of Ireland

Bank of Ireland: Foreign Transfer EUR→ZAR
EUR amount:€5,000 EUR
Fee:€50 EUR (1%)
Exchange Rate:15.99 (5.83% from mid-rate)
ZAR amount:79,151 ZAR
Total Cost:6.77%
Difference:
3,499 ZAR less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Crédit Agricole logoCrédit Agricole

Crédit Agricole: Foreign Transfer EUR→ZAR
EUR amount:€5,000 EUR
Fee:€50 EUR (1%)
Exchange Rate:15.88 (6.48% from mid-rate)
ZAR amount:78,606 ZAR
Total Cost:7.42%
Difference:
4,044 ZAR less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

AIB Bank logoAIB Bank

AIB Bank: Foreign Transfer EUR→ZAR
EUR amount:€5,000 EUR
Fee:€50 EUR (1%)
Exchange Rate:15.81 (6.89% from mid-rate)
ZAR amount:78,260 ZAR
Total Cost:7.82%
Difference:
4,390 ZAR less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Sparkasse Bank logoSparkasse Bank

Sparkasse Bank: Foreign Transfer EUR→ZAR
EUR amount:€5,000 EUR
Fee:15
Exchange Rate:15.63 (7.95% from mid-rate)
ZAR amount:77,916 ZAR
Total Cost:8.23%
Difference:
4,734 ZAR less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/17/2019 - 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.

Travel Money ProvidersAmount ZAR(R)Exchange RateFee EURTotal CostDeal Links
Deutsche Bank Foreign Currency
Deutsche Bank logo
15,573 ZAR
Compare
15.81€158.29%
Travelex Online logo
15,497 ZAR
76 ZAR
15.497408.74%
Citibank Foreign Currency
Citibank logo
15,494 ZAR
79 ZAR
15.65€108.76%
BNP Paribas Foreign Currency
BNP Paribas logo
15,494 ZAR
79 ZAR
15.73€158.76%
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
15,343 ZAR
230 ZAR
15.51€109.65%
Crédit Agricole Foreign Currency
Crédit Agricole logo
15,336 ZAR
237 ZAR
15.57€159.69%
Bank of Ireland Foreign Currency
Bank of Ireland logo
15,315 ZAR
258 ZAR
15.47€109.81%
AIB Bank Foreign Currency
AIB Bank logo
15,286 ZAR
287 ZAR
15.44€109.98%
Sparkasse Bank Foreign Currency
Sparkasse Bank logo
15,167 ZAR
406 ZAR
15.32€1010.68%
HSBC logo
15,080 ZAR
493 ZAR
15.08011.19%
 

Deutsche Bank logoDeutsche Bank

Deutsche Bank: Travel Money EUR→ZAR
EUR amount:€1,000 EUR
Fee:€15 EUR (Minimum fee)
Exchange Rate:15.81 (6.89% from mid-rate)
ZAR amount:15,573 ZAR
Total Cost:8.29%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Travelex Online: Travel Money EUR→ZAR
EUR amount:€1,000 EUR
Fee:undefined
Exchange Rate:15.4974 (8.73% from mid-rate)
ZAR amount:15,497 ZAR
Total Cost:8.74%
Time:
Rate Fetched: Sat Aug 17 2019 04:15:03 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Citibank logoCitibank

Citibank: Travel Money EUR→ZAR
EUR amount:€1,000 EUR
Fee:€10 EUR (1%)
Exchange Rate:15.65 (7.84% from mid-rate)
ZAR amount:15,494 ZAR
Total Cost:8.76%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

BNP Paribas logoBNP Paribas

BNP Paribas: Travel Money EUR→ZAR
EUR amount:€1,000 EUR
Fee:€15 EUR (Minimum fee)
Exchange Rate:15.73 (7.36% from mid-rate)
ZAR amount:15,494 ZAR
Total Cost:8.76%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money EUR→ZAR
EUR amount:€1,000 EUR
Fee:€10 EUR (1%)
Exchange Rate:14.99 (11.72% from mid-rate)
ZAR amount:15,343 ZAR
Total Cost:9.65%
Currency Services:Branch
Delivery/Collect:-
 

Crédit Agricole logoCrédit Agricole

Crédit Agricole: Travel Money EUR→ZAR
EUR amount:€1,000 EUR
Fee:€15 EUR (Minimum fee)
Exchange Rate:15.57 (8.31% from mid-rate)
ZAR amount:15,336 ZAR
Total Cost:9.69%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Bank of Ireland logoBank of Ireland

Bank of Ireland: Travel Money EUR→ZAR
EUR amount:€1,000 EUR
Fee:€10 EUR (1%)
Exchange Rate:15.47 (8.9% from mid-rate)
ZAR amount:15,315 ZAR
Total Cost:9.81%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

AIB Bank logoAIB Bank

AIB Bank: Travel Money EUR→ZAR
EUR amount:€1,000 EUR
Fee:€10 EUR (1%)
Exchange Rate:15.44 (9.07% from mid-rate)
ZAR amount:15,286 ZAR
Total Cost:9.98%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Sparkasse Bank logoSparkasse Bank

Sparkasse Bank: Travel Money EUR→ZAR
EUR amount:€1,000 EUR
Fee:€10 EUR (1%)
Exchange Rate:15.32 (9.78% from mid-rate)
ZAR amount:15,167 ZAR
Total Cost:10.68%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
HSBC: Travel Money EUR→ZAR
EUR amount:€1,000 EUR
Fee:
Exchange Rate:15.08 (11.19% from mid-rate)
ZAR amount:15,080 ZAR
Total Cost:11.19%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 08/17/2019 - See full table

EUR to ZAR interbank exchange rate = 16.9805

 
 

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 EUR/ZAR exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

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