CurrencyFair GBP to ZAR Transfers Compared

   

What is the CurrencyFair Send Money conversion rate for GBP to ZAR?

The CurrencyFair GBP to ZAR exchange rate is 22.74. This is -0.79% compared to the latest GBP-ZAR mid-market rate 22.92.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to South African rand (ZAR) rates from different sources before making a conversion.

The above CurrencyFair - Sterling to Rand comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by CurrencyFair and other foreign exchange providers against the latest GBP-ZAR mid-rate and the possible savings of using various providers. 

How do CurrencyFair GBP-ZAR rates compare between providers?

Looking at the full GBP to ZAR - Send Money comparison table the provider with the best GBP to ZAR exchange rate is OFX at 22.8, -0.52% from the latest mid-market rate 22.92.

The next best is XE at 22.78, -0.61% from the mid-rate.

Then Wise at 22.78, which is -0.61% from the mid-rate.

The Western Union rate is 22.69 which is -1% from the mid-rate.

Among the banks the Lloyds Bank rate is 21.89 at -4.5% the Royal Bank of Scotland rate is 22.03 at -3.9% and the Barclays Bank rate is 21.9 at -4.5% compared to the mid-rate 22.92.

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 like CurrencyFair or platforms that offer rates closer to the mid-market rate.