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Best Exchange Rates

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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
Foreign Transfer Providers
Ratings & Reviews
Receive ZAR(R)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
139,700 ZAR
Best Overall
13.970^2.29%Bank Transfers - Online & Phone1-2 days
Wells Fargo Bank International Money Transfers
Wells Fargo Bank logo
136,753 ZAR
R2,947 less
13.7184.35%Online, Branch, Bank Transfers2-3 days
HSBC International Money Transfers
HSBC logo
136,695 ZAR
R3,005 less
13.69$154.39%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
135,831 ZAR
R3,869 less
13.66155%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
134,937 ZAR
R4,763 less
13.63$1005.62%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
134,937 ZAR
R4,763 less
13.63$1005.62%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:13.97 (2.29% from mid-rate)
ZAR amount:139,700 ZAR
Total Cost:2.29%
Time:
Rate Fetched: Wed Feb 20 2019 10:03:04 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
Wells Fargo Bank: Foreign Transfer USD→ZAR
USD amount:$10,000 USD
Fee:18
Exchange Rate:13.7 (4.18% from mid-rate)
ZAR amount:136,753 ZAR
Total Cost:4.35%
Difference:
R2,947 less than using OFX
Time:12:08 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:13.69 (4.25% from mid-rate)
ZAR amount:136,695 ZAR
Total Cost:4.39%
Difference:
R3,005 less than using OFX
Time:12:08 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:13.61 (4.81% from mid-rate)
ZAR amount:135,831 ZAR
Total Cost:5%
Difference:
R3,869 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:13.63 (4.67% from mid-rate)
ZAR amount:134,937 ZAR
Total Cost:5.62%
Difference:
R4,763 less than using OFX
Time:12:08 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:13.63 (4.67% from mid-rate)
ZAR amount:134,937 ZAR
Total Cost:5.62%
Difference:
R4,763 less than using OFX
Time:12:08 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
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in the US as licensed money transmitters. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/20/2019

1 USD = 13.9757 ZAR

This is the current USD-ZAR mid-market exchange rate. 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.

3 Month Chart
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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

26-January-19: 2018 was a reasonable year for the dollar. Measured by the US Dollar Index, the greenback appreciated by 4 percent, which was much better than 2017’s 10 percent loss. It was, though, something of a stuttering end to 2018 and the dollar has had mixed fortunes in early 2019.

In December, after lifting US interest rates to 2.25-2.5 percent, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for dollar pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.

“A slowdown in the economy is likely to weigh on USD particularly in the second half of this year,” a CIBC researcher said in January.

Of the same opinion was an expert at ING, who argued that the dollar is soon to “embark on a gradual long-term bearish trend.”

January’s extended US government shutdown also has dollar-negative ramifications. Not only is the shutdown likely to hit first-quarter GDP growth, disagreements within Congress bode poorly for the future of potentially inflationary fiscal spending.

South African Rand (ZAR) - Market news and forecasts

18-January-19: 2018 was a grim year for the rand: it lost 14 percent of its value against the US dollar, lost nearly 10 percent against the euro, and lost 4.4 percent against the Australian dollar.

Though the rand has had a good start to 2019 (by January-18 it was up 2-3 percent against many major currencies), its outlook took a disappointing turn in January following a dovish meeting of the South African Reserve Bank.

At its meeting, the SARB pointed to significant improvements to the inflation outlook in South Africa, and indicated that this meant 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.

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

In mid-January, year-end forecasts offered by TradingEconomics.com signalled rand weakness worth nearly 10 percent from levels at the time of writing. USD/ZAR will end 2019 at 15.31, TE has said, and EUR/ZAR will end at 17.14.

Currency News and Forecasts - United States Dollar

Pound at 2-Week High Ahead of May-Juncker Brexit Meeting
Euro to Strike 20-Month Low This Week; $1.12 Beckons
HSBC Cuts Australian Dollar Forecast; Aussie to Buy Only US66¢ at Year-End
China’s Ant Financial Acquires WorldFirst
New Zealand Dollar Jumps After RBNZ Says It Won’t Lower Interest Rates
Dollar Optimism Drives Markets