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Scotiabank CAD to ZAR Exchange Rates Compared Live

The best CAD to ZAR exchange rate is 14.04. Compare Scotiabank foreign transfer and currency exchange rates, find better rates & deals.

CAD-ZAR Best Exchange Rate Calculator
       
       

 

Scotiabank - Comparing CAD-ZAR exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to South African rand (ZAR) rates from different sources before making a conversion.

The above Scotiabank Loonie to Rand comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest CAD-ZAR mid-rate (see below) and the possible savings of using another provider.

Scotiabank Canadian dollar to South African rand (CADZAR) rate guide contents:

 

Scotiabank at a glance

Scotiabank is a Canadian multinational bank and a leading financial institution in North and South America. The bank offers a wide range of financial products and services to individuals, businesses, and institutions, including banking, investment, and insurance services.

One of the financial products offered by Scotiabank is wire transfers. Wire transfers are a secure and fast way to transfer funds between banks in different countries. With Scotiabank wire transfers, you can send money to over 100 countries in a variety of currencies.

When you get a quote for your Wire Transfer from Scotiabank on their website or in-app, you can also see the Scotiabank exchange rate, but it can be difficult to then calculate how much markup from the market rate you are being charged.

Our research shows that on average, Scotiabank profit margin for foreign exchange rates is somewhere between 3 - 8%, depending on the amount you're sending, where you're sending it to and which currency will be received.

While all banks in Canada charge this markup, the extra amount being charged is much higher than it would be with a global money transfer specialist.

 
 
@bestfxrates : CAD/ZAR steady at 14.13, just above its 3-mo avg of 13.98. Loonie's fate tied to risk sentiment & oil's rise to $83.62. ZAR battles internal woes, impacting investment sentiment. Experts watch oil, BoC policies & global conditions for CADZAR shifts. Stability today, but stay alert. #Forex #CADZAR2024

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We can help you get an even better deal when sending a Large International Money Transfer.

Click below for the Request Quotes form and enter your transfer details (BER account required).

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Save time and money - fewer websites to visit and you get a much better exchange rate & service.

 
 

CAD to ZAR Market Data

Canadian dollar (CAD) to South African rand (ZAR) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 CAD =
14.04We compare provider deals to this wholesale mid-market rate. Read more
ZAR
-1.1%
πŸ“‰1W
CAD to ZAR is at 7-day lows near 14.05, just 0.5% above its 3-month average of 13.98, having traded in a quite stable 5.0% range from 13.64 to 14.32
|
Sell CAD   β†’   Buy ZAR
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  1 ZAR = 0.071233 CAD
DateCAD/ZARChangePeriod
16 Feb 2024
14.02
0.5% β–²2 Week
02 Dec 2023
13.82
2% β–²3 Month
02 Mar 2023
13.38
5.3% β–²1 Year
03 Mar 2019
10.68
31.9% β–²5 Year
04 Mar 2014
9.7097
45.1% β–²10 Year
06 Mar 2004
5.0487
179.1% β–²20 Year
CAD/ZAR historic rates & change to 01-Mar-2024
 

What are equivalent amounts of CAD and ZAR?

Here are some popular conversion amounts for CAD to ZAR (Canadian dollar to South African rand)*.

CAD ZAR
C$ 1 R 14.04
C$ 5 R 70.20
C$ 10 R 140.40
C$ 20 R 280.80
C$ 50 R 702.00
C$ 100 R 1,404
C$ 250 R 3,510
C$ 500 R 7,020
C$ 1,000 R 14,040
C$ 2,000 R 28,080
C$ 5,000 R 70,200
C$ 10,000 R 140,400
C$ 20,000 R 280,800
C$ 50,000 R 702,000
C$ 100,000 R 1,404,000
CAD ZAR
C$ 0.0712 R 1
C$ 0.3562 R 5
C$ 0.7123 R 10
C$ 1.4247 R 20
C$ 3.5617 R 50
C$ 7.1233 R 100
C$ 17.81 R 250
C$ 35.62 R 500
C$ 71.23 R 1,000
C$ 142.47 R 2,000
C$ 356.17 R 5,000
C$ 712.33 R 10,000
C$ 1,425 R 20,000
C$ 3,562 R 50,000
C$ 7,123 R 100,000

More amounts

*Converted at the current CADZAR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for CAD to ZAR

 

The CAD to ZAR exchange rate has shown stability recently, with the CAD trading around 14.13 ZAR, slightly above its 3-month average of 13.98. Despite the Canadian Dollar's struggles against the US Dollar attributed to market dynamics rather than fundamental economic factors in the US and Canada, the Loonie has been influenced by shifts in risk sentiment. On the other hand, the South African Rand has faced significant challenges, including allegations of supplying weapons to Russia, ongoing power blackouts, political instability, and high unemployment rates, leading to doubts about South Africa's investment potential and negatively impacting the Rand's value.

Read our full review of recent CAD to ZAR forecasts.

 

How to get a good CAD to ZAR exchange rate

There are several ways to save on exchange rates when converting Canadian dollar to South African rand:

  1. Shop around for the best CAD/ZAR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the CAD/ZAR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both CAD and ZAR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying South African rand with Canadian dollar, then it's better for the CAD/ZAR exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the Canadian dollar rise against the South African rand?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add CAD/ZAR to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; UpπŸ“ˆ or DownπŸ“‰ trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to South Africa - a practical currency and money guide to travel, living and doing business in South Africa with the South African rand.

 
 
 

Country Currency Guides

CanadaCanada (CAD)South AfricaSouth Africa (ZAR)
 

Is it safe in South Africa?

South Africa has a high crime rate, and certain areas or neighborhoods can be dangerous for foreigners. However, many areas are safe and tourist-friendly. It is important to exercise caution and be aware of your surroundings, avoid carrying valuables and stay in well-populated areas. Americans travelling to South Africa are recommended to check the U.S. Department of State website for travel advisories and to register with the Smart Traveler Enrollment Program.

What is the cost of living in South Africa?

The cost of living in South Africa is relatively low compared to other countries in the world. However, it is important to note that the cost of living can vary greatly depending on the specific location within the country.

Read more at our South Africa (ZAR) country guide

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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