CAD to ZAR Market Data
Canadian dollar (CAD) to South African rand (ZAR) market data - latest interbank exchange rate, trend, chart & historic rates.
Currency Forecasts related to CAD/ZAR
CAD to ZAR Exchange Rate Forecast & Outlook
In the near term, CAD/ZAR is holding near its recent highs and trading close to the 90-day average. The pair is supported by a risk-off environment, which tends to favor safe-haven currencies like the ZAR.
CAD to USD Exchange Rate Forecast & Outlook
In the near term, CAD/USD is trading near a 30-day low at 0.7241, holding near its 3-month average of 0.7293. The emphasis on risk-off sentiment and safe-haven flows is pressuring the pair.
USD to ZAR Exchange Rate Forecast & Outlook
In the near term, USD/ZAR is trading close to recent highs, supported by risk-off sentiment driven by escalation of Middle East conflict and elevated energy prices.
CAD to ZAR Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Canadian 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 CAD amounts at today’s rate * :
*Converted at the current CAD-ZAR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
What is the best Send Money conversion rate for CAD to ZAR?
The best CAD to ZAR exchange rate is 12.23 from OFX . This is -0.49% compared to the mid-market rate 12.29.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Canadian dollar (CAD) to South African rand (ZAR) rates from different sources before making a conversion.
The above Loonie 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 CAD-ZAR mid-rate and the possible savings of using various providers.
How do CAD-ZAR rates compare between providers?
Looking at the full CAD to ZAR - Send Money comparison table the provider with the best CAD to ZAR exchange rate is OFX at 12.23, -0.49% from the latest mid-market rate 12.29.
The next best is XE at 12.21, -0.65% from the mid-rate.
Then Wise at 12.17, which is -0.98% from the mid-rate.
The Western Union rate is 12.1 which is -1.5% from the mid-rate.
Among the banks the TD Bank rate is 11.68 at -5% the Scotiabank rate is 11.91 at -3.1% and the Royal Bank of Canada rate is 11.66 at -5.1% compared to the mid-rate 12.29.
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.
