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’.
CAD to ZAR Market Data
Canadian dollar (CAD) to South African rand (ZAR) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias: CAD/USD is bullish-to-range-bound, trading above its 90-day average and in the upper half of the 3-month range, with oil and data helping support this bias.
CAD/ZAR below its 90-day avg and in the lower half of the 3‑month range; BoC-SARB gap keeps CAD soft. Oil volatility supports CAD via the export link, while SARB easing attracts rand inflows. Bias: bearish-to-range-bound, with a test of the lower end if oil fades or risk appetite wanes.
Bias
Bearish-to-range-bound; CAD/ZAR sits below its 90-day average and in the lower half of the three-month range.
Key drivers
- Rate gap: BoC (Bank of Canada) policy rate sits well below SARB’s, and the BoC has signaled it will remain supportive, which tends to keep CAD weaker against ZAR.
- Risk/commodities: Oil is near the upper end of its range, adding to CAD’s support from its oil export link, though moves remain volatile.
- Macro factor: SARB’s rate cut and improving inflation outlook have drawn global funds into rand assets, lifting ZAR.
Range
CAD/ZAR is expected to drift within its recent band, with a bias toward testing the lower end if oil fades or risk appetite wanes.
What could change it
- Upside risk: Oil price momentum persists, lifting CAD via the commodity export channel.
- Downside risk: Rand strength accelerates on continued inflows and deeper SARB easing, pressuring CAD further
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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 * :
What is the
best Send Money conversion rate for CAD to ZAR?
The best CAD to ZAR exchange rate is 11.75 from OFX . This is -0.51% compared to the mid-market rate 11.81.
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 11.75, -0.51% from the latest mid-market rate 11.81.
The next best is XE at 11.74, -0.59% from the mid-rate.
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.