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Best Exchange Rates

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Compare USD to ZAR foreign transfers

Save with best rates & low fees on South African Rand foreign transfers versus the Banks

 

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Foreign Transfers - Exchange Rate Comparison

Foreign Transfer Providers
Ratings & Reviews
Amount ZAR(R)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
141,900 ZAR
Top Provider
14.190^1.26%Bank Transfers - Online & Phone1-2 days
 
WorldFirst logo
143,100 ZAR
R1,200 more
14.3100.43%Bank Transfers - Online & Phone1-2 days
Wells Fargo Bank logo
138,949 ZAR
R2,951 less
13.92183.32%Online, Branch, Bank Transfers2-3 days
HSBC logo
138,891 ZAR
R3,009 less
13.91$153.36%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
138,018 ZAR
R3,882 less
13.88153.96%Online, Branch, Bank Transfers2-3 days
Bank of America
Bank of America logo
137,115 ZAR
R4,785 less
13.85$1004.59%Online, Branch, Bank Transfers2-3 days
U.S. Bank
U.S. Bank logo
137,115 ZAR
R4,785 less
13.85$1004.59%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer USD→ZAR
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:14.19 (1.26% from mid-rate)
ZAR amount:141,900 ZAR
Total Cost:1.26%
Time:
Rate Fetched: Mon Dec 17 2018 04:02:57 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
WorldFirst: Foreign Transfer USD→ZAR
USD amount:$10,000 USD
Fee:
Exchange Rate:14.31 (0.43% from mid-rate)
ZAR amount:143,100 ZAR
Total Cost:0.43%
Difference:
R1,200 more than using OFX
Time:6:08 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.6/5.0
Reviews:
Wells Fargo Bank: Foreign Transfer USD→ZAR
USD amount:$10,000 USD
Fee:18
Exchange Rate:13.92 (3.14% from mid-rate)
ZAR amount:138,949 ZAR
Total Cost:3.32%
Difference:
R2,951 less than using OFX
Time:6:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
HSBC: Foreign Transfer USD→ZAR
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:13.91 (3.21% from mid-rate)
ZAR amount:138,891 ZAR
Total Cost:3.36%
Difference:
R3,009 less than using OFX
Time:6:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo

Foreign Transfer USD→ZAR
USD amount:$10,000 USD
Fee:15
Exchange Rate:13.82 (3.84% from mid-rate)
ZAR amount:138,018 ZAR
Total Cost:3.96%
Difference:
R3,882 less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Bank of America: Foreign Transfer USD→ZAR
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:13.85 (3.63% from mid-rate)
ZAR amount:137,115 ZAR
Total Cost:4.59%
Difference:
R4,785 less than using OFX
Time:6:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
U.S. Bank: Foreign Transfer USD→ZAR
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:13.85 (3.63% from mid-rate)
ZAR amount:137,115 ZAR
Total Cost:4.59%
Difference:
R4,785 less than using OFX
Time:6:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/17/2018.
Total Cost = Fee + exchange rate margin vs USD/ZAR mid-rate: 14.3714

This calculator compares exchange rates for USD to ZAR international money transfers. You can also compare USD to ZAR travel money rates or use our quick and easy USD to ZAR currency converter instead.

Currency news and forecasts for United States Dollar and South African Rand

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.

So it follows that if you are determining the best time to transact, in this case the USD vs ZAR, you should pay attention to both United States Dollar and South African Rand news and forecasts.

United States Dollar (USD) - Market news and forecasts

14-December-18: Against a basket of currencies, the US dollar struck an 18-month high in mid-December after negative political and economic developments weighed on rest-of-the-world currencies. At the time of writing, the dollar was showing trade-weighted appreciation of 6 percent for 2018 and was on course to gain in 10 of the year’s 12 months.

The dollar had strengthened to levels near $1.13 against the euro, which suffered due to disappointing eurozone economic data and Brexit-related uncertainties.

Brexit allowed the dollar to gain handsomely against the pound in 2018. On December-11, GBP/USD traded below 1.25 for the first time since early 2017.

The economic slowdown in China has also helped the dollar by creating safe haven flows into the US. The dollar has yet to reach the magic 7-yuan level but remains close to it, at levels near 6.9.

For 2019, JP Morgan and Morgan Stanley are both bearish the greenback. The banks remain skeptical over future Fed interest rate hikes and point to a possible US economic downturn in the second half of the year.

Scotiabank is forecasting EUR/USD at $1.30 by 2019 year-end, indicating a potential 13 percent decline in the dollar’s buying power.

South African Rand (ZAR) - Market news and forecasts

The rand has rebounded from September’s long-term lows. By November-19, the day of this report, the rand was 12 percent higher against the dollar, but was meeting resistance at the important R14.0 level. Relative to the euro, the rand regained 13 percent to trade at R16.0.

Rand strength is likely to be short lived, however, with many factors suggesting weakness ahead for South Africa’s economy, which remains in recession, and consequently, weakness for the rand.

In addition, 2019’s general election will almost certainly add uncertainty, given the divisions within South Africa's ruling ANC party, and uncertainty nearly always leads to lower asset and currency prices.

In mid-November, 12-month forecasts offered by TradingEconomics.com signalled rand weakness worth 7-8 percent, with their respective forecasts for USD/ZAR and EUR/ZAR at 15.2 and 17.2.