Loading...

Home pages - full list (A-Z)

Compare USD to ZAR foreign transfers

Use our comparison table to find the best exchange rates for South African Rand foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
$USD
RZAR

Compare Deals
Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Foreign Transfer Providers
Ratings & Reviews
Receive ZAR(R)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
138,500 ZAR
Best Overall
13.850^1.47%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
Wells Fargo Bank logo
135,556 ZAR
2,944 ZAR
13.58183.57%Online, Branch, Bank Transfers2-3 days
HSBC logo
135,496 ZAR
3,004 ZAR
13.57$153.61%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
134,687 ZAR
3,813 ZAR
13.55154.19%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
133,848 ZAR
4,652 ZAR
13.52$1004.78%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
133,848 ZAR
4,652 ZAR
13.52$1004.78%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:13.85 (1.47% from mid-rate)
ZAR amount:138,500 ZAR
Total Cost:1.47%
Time:
Rate Fetched: Sat Apr 20 2019 16:02:54 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:13.58 (3.39% from mid-rate)
ZAR amount:135,556 ZAR
Total Cost:3.57%
Difference:
2,944 ZAR less than using OFX
Time:18:00 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:13.57 (3.46% from mid-rate)
ZAR amount:135,496 ZAR
Total Cost:3.61%
Difference:
3,004 ZAR less than using OFX
Time:18:00 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:13.49 (4.03% from mid-rate)
ZAR amount:134,687 ZAR
Total Cost:4.19%
Difference:
3,813 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:13.52 (3.82% from mid-rate)
ZAR amount:133,848 ZAR
Total Cost:4.78%
Difference:
4,652 ZAR less than using OFX
Time:18:00 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:13.52 (3.82% from mid-rate)
ZAR amount:133,848 ZAR
Total Cost:4.78%
Difference:
4,652 ZAR less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
3 Month Chart
Loading AUDUSD rates

This is a chart showing the change in the USD-ZAR mid-market exchange rate over the last week. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market USD-ZAR exchange rate.

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

In the third week of April the Dollar Index was rallying strongly towards the mid-97s, slightly below major resistance at 97.70, a break of which would be massively positive for the greenback. The index was up 1.7 percent year-to-date.

The dollar’s strength comes in spite of a dovish surprise in March from the Federal Reserve, which ditched two interest rate hikes from its 2019 projections. Fortunately for dollar holders, the rest of the world has problems and other important central banks also turned dovish, removing much of the incentive for selling USD.

Bloomberg research warned in April of potential for a large upcoming move in the US dollar, up or down. Over the past quarter-century, three prominent troughs in the JPMorgan Global FX Volatility Index were followed by dollar moves over 6-month periods worth 10-15 percent. The index was trading in mid-April at a 5-year low.

South African Rand (ZAR) - Market news and forecasts

2018 was a grim year for the rand: it lost 14 percent of its value against the US dollar and lost nearly 10 percent against the euro.

The rand started 2019 with a bang but began to falter in the latter stages of January after the South African Reserve Bank pointed to significant improvements in the inflation outlook and indicated that this meant it had less of an incentive to raise interest rates. The SARB predicted only one further increase in rates between now and the end of 2021, down from a predicted three increases in November.

At the time of writing (March-23), at an exchange rate of R14.5 per USD, the rand was bang in the centre of its September-January uptrend against the dollar, and similar could be said versus the euro (R16.4 per EUR).

This May’s general election might add some currency uncertainty given the divisions within South Africa's ruling ANC party but once the election dust has settled the rand will have benefitted, thinks a Standard Bank analyst, due to the “much-needed policy reforms” that the election will facilitate.