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’.
Euro (EUR) to South African rand (ZAR) 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.
EUR/USD Outlook: Slightly positive, but likely to move sideways, as the rate is above its recent average but without a clear driving factor at this time.
USD/ZAR Outlook: Bearish, as the rate is near recent lows and pressured by strong ZAR gains and ongoing USD weakness.
To help you understand the real-world value of the current exchange rate, the table below shows how much Euro are worth in South African rand across a range of amounts.
This gives a quick view of what you’d get when converting different EUR amounts at today’s rate * :
*Converted at the current EUR-ZAR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The CIBC EUR to ZAR exchange rate is 17.95. This is -5.7% compared to the latest EUR-ZAR mid-market rate 19.04.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Euro (EUR) to South African rand (ZAR) rates from different sources before making a conversion.
The above CIBC - Euro to Rand 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 EUR-ZAR mid-rate and the possible savings of using various providers.
Looking at the full EUR to ZAR - Send Money comparison table the provider with the best EUR to ZAR exchange rate is OFX at 18.98, -0.32% from the latest mid-market rate 19.04.
The next best is XE at 18.92, -0.63% from the mid-rate.
Then Western Union at 18.85, which is -1% 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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