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Understanding the Table:
The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Sending money to South Africa can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to South Africa bank accounts or pay a South African rand invoice.
Australian dollar (AUD) to South African rand (ZAR) market data - latest interbank exchange rate, trend, chart & historic rates.
The market for AUD/ZAR is currently bearish, mainly due to pressures from external economic factors.
Bias: Bullish-to-range-bound, as the current level is above the 90-day average and within the upper half of the 3-month range.
To help you understand the real-world value of the current exchange rate, the table below shows how much Australian dollar are worth in South African rand across a range of amounts.
This gives a quick view of what you’d get when converting different AUD amounts at today’s rate * :
*Converted at the current AUD-ZAR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best AUD to ZAR exchange rate is 10.95 from OFX . This is -0.54% compared to the mid-market rate 11.01.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Australian dollar (AUD) to South African rand (ZAR) rates from different sources before making a conversion.
The above Aussie to Rand comparison table 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 AUD-ZAR mid-rate and the possible savings of using various providers.
Looking at the full AUD to ZAR - Send Money comparison table the provider with the best AUD to ZAR exchange rate is OFX at 10.95, -0.54% from the latest mid-market rate 11.01.
The next best is XE at 10.94, -0.64% from the mid-rate.
Then Western Union at 10.9, which is -1% from the mid-rate.
Among the banks the Commonwealth Bank rate is 10.68 at -3% the ANZ Bank rate is 10.58 at -3.9% and the ING Bank rate is 10.79 at -2% compared to the mid-rate 11.01.
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.
View a full list of exchange rates by selecting your Base (from) currency:
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