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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.

 

1 USD = 14.55 ZAR

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USD to ZAR - Trading Range (90 Day)
4-DAY ▲ 2% (1d)30-DAY HIGH (1d)
USD/ZAR at 14.56 is trading near the 90-day average 14.55 with a range 14 to 15.1. There are no current rate alerts.
28-Jan-2020 16:NY 21:LON 08:SYD+1d

More Charts

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
R143,300
Best Overall
14.330^1.77%
Wells Fargo Bank logo
R140,247
R3,053 less
14.05183.86%
HSBC logo
R140,090
R3,210 less
14.03U$153.97%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
R139,285
R4,015 less
14.01154.52%
Bank of America International Money Transfers
Bank of America logo
R138,402
R4,898 less
13.98U$1005.13%
U.S. Bank International Money Transfers
U.S. Bank logo
R138,402
R4,898 less
13.98U$1005.13%
 
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:14.33 (1.77% from mid-rate)
To Amount (ZAR) R143,300
Total Cost:1.77%
Time:
Rate Fetched: Tue Jan 28 2020 18:02:58 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:14.05 (3.69% from mid-rate)
To Amount (ZAR) R140,247
Total Cost:3.86%
Difference:
R3,053 ZAR less than using OFX
Time:18:03 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:14.03 (3.83% from mid-rate)
To Amount (ZAR) R140,090
Total Cost:3.97%
Difference:
R3,210 ZAR less than using OFX
Time:18:03 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:13.95 (4.37% from mid-rate)
To Amount (ZAR) R139,285
Total Cost:4.52%
Difference:
R4,015 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:13.98 (4.17% from mid-rate)
To Amount (ZAR) R138,402
Total Cost:5.13%
Difference:
R4,898 ZAR less than using OFX
Time:18:03 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:13.98 (4.17% from mid-rate)
To Amount (ZAR) R138,402
Total Cost:5.13%
Difference:
R4,898 ZAR less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 01/28/2020 - 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
Banks - Average Rate Foreign Currency
R12,632
Compare
12.76U$1013.41%
 
Banks - Average Rate
Travel Money USD→ZAR
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:12.76 (12.53% from mid-rate)
To Amount (ZAR) R12,632
Total Cost:13.41%
Currency Services:Branch
Delivery/Collect:-
 
Snapshot 01/28/2020 - 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)

Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

The US dollar held its value in 2019 despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.

At its October meeting the Federal Reserve cut the target range for the federal funds rate to 1.5-1.75 percent, the third rate cut so far this year, amid soft inflation indicators and general worries about the economy. However the central bank also signaled a pause in the easing cycle.

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

For more USD bank forecasts and cross-rate trends read the report USD trends and forecasts.

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