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USD/ZAR - Convert Compare Save

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.

 

This resource page for the United States Dollar to South African Rand exchange rate, has news, forecasts and USD 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.

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

 
Foreign Transfer ProvidersReceive ZAR(R)Exchange RateFee USDTotal CostDeal Links
OFX logo
146,200 ZAR
Best Overall
14.620^1.13%
Wells Fargo Bank logo
143,142 ZAR
3,058 ZAR
14.34183.2%
HSBC logo
143,085 ZAR
3,115 ZAR
14.33$153.24%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
142,193 ZAR
4,007 ZAR
14.3153.84%
Bank of America International Money Transfers
Bank of America logo
141,273 ZAR
4,927 ZAR
14.27$1004.46%
U.S. Bank International Money Transfers
U.S. Bank logo
141,273 ZAR
4,927 ZAR
14.27$1004.46%
 
OFX: Foreign Transfer USD→ZAR
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:14.62 (1.13% from mid-rate)
ZAR amount:146,200 ZAR
Total Cost:1.13%
Time:
Rate Fetched: Mon Jun 17 2019 04:02:55 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 logoWells Fargo Bank

Wells Fargo Bank: Foreign Transfer USD→ZAR
USD amount:$10,000 USD
Fee:18
Exchange Rate:14.34 (3.02% from mid-rate)
ZAR amount:143,142 ZAR
Total Cost:3.2%
Difference:
3,058 ZAR less than using OFX
Time:6:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer USD→ZAR
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:14.33 (3.09% from mid-rate)
ZAR amount:143,085 ZAR
Total Cost:3.24%
Difference:
3,115 ZAR less than using OFX
Time:6:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→ZAR
USD amount:$10,000 USD
Fee:15
Exchange Rate:14.24 (3.7% from mid-rate)
ZAR amount:142,193 ZAR
Total Cost:3.84%
Difference:
4,007 ZAR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logoBank of America

Bank of America: Foreign Transfer USD→ZAR
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:14.27 (3.5% from mid-rate)
ZAR amount:141,273 ZAR
Total Cost:4.46%
Difference:
4,927 ZAR less than using OFX
Time:6:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logoU.S. Bank

U.S. Bank: Foreign Transfer USD→ZAR
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:14.27 (3.5% from mid-rate)
ZAR amount:141,273 ZAR
Total Cost:4.46%
Difference:
4,927 ZAR less than using OFX
Time:6:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 06/17/2019 - 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 USDTotal CostDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
13,840 ZAR
Compare
13.8406.4%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
13,702 ZAR
138 ZAR
13.84$107.34%
Wells Fargo Bank logo
13,563 ZAR
277 ZAR
13.84$208.28%
Travelex Online US logo
12,835 ZAR
1,005 ZAR
12.83540^13.2%
 

U.S. Bank logoU.S. Bank

U.S. Bank: Travel Money USD→ZAR
USD amount:$1,000 USD
Fee:0
Exchange Rate:13.84 (6.4% from mid-rate)
ZAR amount:13,840 ZAR
Total Cost:6.4%
Time:6:11 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→ZAR
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:12.94 (12.49% from mid-rate)
ZAR amount:13,702 ZAR
Total Cost:7.34%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Travel Money USD→ZAR
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:13.84 (6.4% from mid-rate)
ZAR amount:13,563 ZAR
Total Cost:8.28%
Time:6:11 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Travelex Online US: Travel Money USD→ZAR
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:12.8354 (13.2% from mid-rate)
ZAR amount:12,835 ZAR
Total Cost:13.2%
Time:
Rate Fetched: Mon Jun 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:
 
Snapshot 06/17/2019 - See full table

USD to ZAR interbank exchange rate = 14.82

 
 

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 USD/ZAR exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

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