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USD to ZAR - Rate Guide

United States 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 transactions as shown below.

 

USD/ZAR update & alerts

1 USD = 14.93 ZAR

USD to ZAR - Trading Range (90 Day)
At 14.95 USD/ZAR is trading near its 90 day average with range 14.56 to 15.47. There are no current alerts. Updated: 08:01-AEDT 21:01-GMT 16:01-EST

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USD/ZAR Exchange Rates and Providers Compared

This guide to the United States Dollar to South African Rand exchange rate with 90-day chart & alerts, historic rates, forecasts and USD 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 USD/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 USD/ZAR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

USD to ZAR International Money Transfers

  

Foreign Transfer ProvidersReceive ZAR(R)Exchange RateFee USDTotal CostDeal Links
OFX logo
R146,700
Best Overall
14.670^1.66%
Wells Fargo Bank logo
R143,441
R3,259 less
14.37183.84%
HSBC logo
R143,385
R3,315 less
14.36U$153.88%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
R142,492
R4,208 less
14.33154.48%
Bank of America International Money Transfers
Bank of America logo
R141,570
R5,130 less
14.3U$1005.1%
U.S. Bank International Money Transfers
U.S. Bank logo
R141,570
R5,130 less
14.3U$1005.1%
 

OFX logo

OFX: Foreign Transfer USD→ZAR
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:14.67 (1.66% from mid-rate)
To Amount (ZAR) R146,700
Total Cost:1.66%
Time:
Rate Fetched: Wed Nov 13 2019 05:02:57 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

Wells Fargo Bank logo

Wells Fargo Bank: Foreign Transfer USD→ZAR
From Amount (USD)U$10,000
Fee:18
Exchange Rate:14.37 (3.67% from mid-rate)
To Amount (ZAR) R143,441
Total Cost:3.84%
Difference:
R3,259 ZAR less than using OFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer USD→ZAR
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:14.36 (3.74% from mid-rate)
To Amount (ZAR) R143,385
Total Cost:3.88%
Difference:
R3,315 ZAR less than using OFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→ZAR
From Amount (USD)U$10,000
Fee:15
Exchange Rate:14.27 (4.34% from mid-rate)
To Amount (ZAR) R142,492
Total Cost:4.48%
Difference:
R4,208 ZAR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logo

Bank of America: Foreign Transfer USD→ZAR
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:14.3 (4.14% from mid-rate)
To Amount (ZAR) R141,570
Total Cost:5.1%
Difference:
R5,130 ZAR less than using OFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logo

U.S. Bank: Foreign Transfer USD→ZAR
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:14.3 (4.14% from mid-rate)
To Amount (ZAR) R141,570
Total Cost:5.1%
Difference:
R5,130 ZAR less than using OFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 11/13/2019 - 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 USDTotal CostDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
R13,960
Compare
13.9606.42%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
R13,821
R139 less
13.96U$107.36%
Wells Fargo Bank logo
R13,681
R279 less
13.96U$208.29%
Travelex Online US logo
R12,864
R1,096 less
12.86410^13.77%
 

U.S. Bank logo

U.S. Bank: Travel Money USD→ZAR
From Amount (USD)U$1,000
Fee:0
Exchange Rate:13.96 (6.42% from mid-rate)
To Amount (ZAR) R13,960
Total Cost:6.42%
Time:6:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→ZAR
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:13.05 (12.52% from mid-rate)
To Amount (ZAR) R13,821
Total Cost:7.36%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logo

Wells Fargo Bank: Travel Money USD→ZAR
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:13.96 (6.42% from mid-rate)
To Amount (ZAR) R13,681
Total Cost:8.29%
Time:6:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Travelex Online US logo

Travelex Online US: Travel Money USD→ZAR
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:12.8641 (13.77% from mid-rate)
To Amount (ZAR) R12,864
Total Cost:13.77%
Time:
Rate Fetched: Wed Nov 13 2019 06:00:06 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 11/13/2019 - See full table

USD and ZAR in the Markets

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

United States Dollar (USD)

The US dollar has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).

As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.

Taking the blame for the economic downturn is US President Donald Trump, whose trade policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

Read more in the article USD 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 USD/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 USD / 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 USD Exchange Rates