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ANZ Bank USD to ZAR Transfers Compared

USD-ZAR Rate Calculator

 
 
   
   
   
   
   
 

Compare ANZ Bank Exchange Rates & Fees - Save Time & Money

 

The live mid-rate USD to ZAR exchange rate is 16.32.

ANZ Foreign Exchange at a glance

Like all the leading banks, ANZ offers a wide range of currency related products and services to its customers. If you are a customer of ANZ and use internet banking to transfer money overseas then you will be interested to learn how St George Bank exchange rates compare to other providers.

* You must be a customer of ANZ Bank to use their exchange currency services.

ANZ Travel Money - Note as of October 2021 ANZ Bank no longer buys and sells foreign currency in Australia.

The main points:

  • ANZ Bank exchange rates are generally poor compared to using an FX specialist.
  • Bad exchange rates need to be weighed up against ease of sending money via ANZ internet banking.
  • On occasion ANZ can offer very good rates especially for Asia currencies.
 
 
   

What is the best Send Money conversion rate for USD to ZAR?

The best USD to ZAR exchange rate is 16.23 from OFX . This is -0.55% compared to the mid-market rate 16.32.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to South African rand (ZAR) rates from different sources before making a conversion.

The above ANZ Bank - Dollar to Rand comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by ANZ Bank and other foreign exchange providers against the latest USD-ZAR mid-rate and the possible savings of using various providers. 

How do ANZ Bank USD-ZAR rates compare between providers?

Looking at the full USD to ZAR - Send Money comparison table the provider with the best USD to ZAR exchange rate is OFX at 16.23, -0.55% from the latest mid-market rate 16.32.

The next best is XE at 16.22, -0.61% from the mid-rate.

Then Western Union at 16.07, which is -1.5% from the mid-rate.

Among the banks the Chase Bank rate is 15.23 at -6.7% the Wells Fargo Bank rate is 15.13 at -7.3% and the Citibank rate is 15.88 at -2.7% compared to the mid-rate 16.32.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like ANZ Bank 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.

 

View a full list of exchange rates by selecting your Base (from) currency: