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Understanding the Table:
The comparison table above helps you see the total cost of your ING 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’.
Australian dollar (AUD) to South African rand (ZAR) market data - latest interbank exchange rate, trend, chart & historic rates.
AUD/ZAR Outlook: Slightly positive, but likely to move sideways as the rate trades just above its recent average and lacks a strong direction.
AUD/USD Outlook: The outlook is likely to increase as the rate is above its recent average and near recent highs, driven by strong commodity prices and...
USD/ZAR Outlook: Bearish, as the rate is below its recent average and near recent lows amid significant pressure from US economic concerns.
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 ING Bank AUD to ZAR exchange rate is 10.78. This is -4.3% compared to the latest AUD-ZAR mid-market rate 11.27.
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 ING Bank - Aussie to Rand comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by ING 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 11.21, -0.53% from the latest mid-market rate 11.27.
The next best is XE at 11.2, -0.62% from the mid-rate.
Then Western Union at 11.16, which is -0.98% from the mid-rate.
Among the banks the Commonwealth Bank rate is 10.92 at -3.1% the ANZ Bank rate is 10.83 at -3.9% and the ING Bank rate is 10.78 at -4.3% compared to the mid-rate 11.27.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like ING 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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