Understanding the Table:
The comparison table above helps you see the total cost of your HSBC 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 HSBC EUR to ZAR exchange rate is 19.66. This is -4.5% compared to the latest EUR-ZAR mid-market rate 20.58.
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 HSBC - Euro to Rand comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by HSBC 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 20.48, -0.49% from the latest mid-market rate 20.58.
The next best is XE at 20.45, -0.63% from the mid-rate.
Then Wise at 20.43, which is -0.73% from the mid-rate.
The Western Union rate is 20.27 which is -1.5% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like HSBC 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:
