Understanding the Table:
The comparison table above helps you see the total cost of your CIBC 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’.
South African rand (ZAR) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
EUR/ZAR Outlook: Slightly weaker, but likely to move sideways as the rate is below its recent average and lacks a clear driver.
ZAR/USD Outlook: Likely to increase as the rand trades significantly above its recent average, supported by strong demand for rand-denominated assets.
USD/EUR Outlook: The outlook for USD/EUR is likely to decrease as the rate is below its recent average and near recent lows, pressured by ongoing political uncertainty in the U.
To help you understand the real-world value of the current exchange rate, the table below shows how much South African rand are worth in Euro across a range of amounts.
This gives a quick view of what you’d get when converting different ZAR amounts at today’s rate * :
*Converted at the current ZAR-EUR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best ZAR to EUR exchange rate is 0.0522 from OFX . This is -0.59% compared to the mid-market rate 0.052509.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare South African rand (ZAR) to Euro (EUR) rates from different sources before making a conversion.
The above CIBC - Rand to Euro comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by CIBC and other foreign exchange providers against the latest ZAR-EUR mid-rate and the possible savings of using various providers.
Looking at the full ZAR to EUR - Send Money comparison table the provider with the best ZAR to EUR exchange rate is OFX at 0.0522, -0.59% from the latest mid-market rate 0.052509.
The next best is XE at 0.0522, -0.59% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like CIBC 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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