What is the
Nationwide Building Society Send Money conversion rate for GBP to ZAR?
The Nationwide Building Society GBP to ZAR exchange rate is 23.03. This is -5.5% compared to the latest GBP-ZAR mid-market rate 24.38.
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
Nationwide Building Society - Sterling to Rand comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Nationwide Building Society and other foreign exchange providers against the latest GBP-ZAR mid-rate and the possible savings of using various providers.
How do Nationwide Building Society GBP-ZAR rates compare between providers?
Looking at the
full comparison table
the best GBP to ZAR exchange rate is 24.27 from Wise, -0.45% from the mid-market rate 24.38. The next best rate is 24.26 from OFX, -0.49% from the mid-rate. Then XE with 24.23 is -0.62% from the mid-rate.
The Western Union rate is 24.13 which is -1% from the mid-rate.
Among the banks the Lloyds Bank rate is 23.03 at -5.5% the Royal Bank of Scotland rate is 23.18 at -4.9% and the Barclays Bank rate is 23.52 at -3.5% compared to the mid-rate 24.38.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Nationwide Building Society 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.
Compare GBP to ZAR Transfer Rates