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Understanding the Table:
The comparison table above helps you see the total cost of your Commonwealth Bank 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’.
The average AUD rate margin offered by Commonwealth Bank is 4.7%.
This average is based on individual AUD 10K transfer rates in the currency pairs from Commonwealth Bank that we monitor.
The tables below show the best and worst exchange rate margins offered by Commonwealth Bank for Australian dollar (AUD 10K) transactions. Margins show the percentage difference from the mid-market rate.
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 Commonwealth Bank AUD to ZAR exchange rate is 10.69. This is -2.9% compared to the latest AUD-ZAR 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 Commonwealth Bank - Aussie to Rand comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Commonwealth Bank 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 10.96, -0.45% from the latest mid-market rate 11.01.
The next best is XE at 10.95, -0.54% 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 10.69 at -2.9% 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 like Commonwealth Bank 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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