What is the best Send Money conversion rate for AED to ZAR?
The best AED to ZAR exchange rate is 5.1031 from XE. This is -0.6% compared to the mid-market rate 5.1339.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare United Arab Emirates dirham (AED) to South African rand (ZAR) rates from different sources before making a conversion.
How do AED-ZAR rates compare between providers?
Looking at our comparison table the best AED to ZAR exchange rate is 5.1031 from XE, -0.6% from the mid-market rate 5.1339. The next best rate is 5.0826 from WorldRemit, -1% from the mid-rate. Then Wise with 4.9532 is -3.5% from the mid-rate.
Among the banks, the First Abu Dhabi Bank rate is 4.7951 at -6.6%, the HSBC rate is 4.8515 at -5.5%, and the Citibank rate is 4.8721 at -5.1% compared to the mid-rate 5.1339.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
The United Arab Emirates dirham to Rand comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest AED-ZAR mid-rate (see Market Data below ) and the possible savings of using various providers.