The comparison table above helps you see the total cost of your OFX 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’.
OFX - CAD Rate Margin Analysis
The average CAD rate margin offered by OFX is 3.4%.
This average is based on individual CAD 10K transfer rates in the currency pairs from OFX that we monitor.
💡 It is important to note that these OFX rates are their public quoted rates and do not include our special BER/OFX deals rates which start at 0.5% for major currencies and improve for larger amounts. Please use our calculators to check these special rates and use our 'Visit OFX' links to secure these deals.
OFX - Best and Worst Value Rates
The tables below show the best and worst exchange rate margins offered by OFX for Canadian dollar (CAD 10K)
transactions. Margins show the percentage difference from the mid-market rate.
Bias: CAD/USD is bullish-to-range-bound, trading above its 90-day average and in the upper half of the 3-month range, with oil and data helping support this bias.
CAD/ZAR below its 90-day avg and in the lower half of the 3‑month range; BoC-SARB gap keeps CAD soft. Oil volatility supports CAD via the export link, while SARB easing attracts rand inflows. Bias: bearish-to-range-bound, with a test of the lower end if oil fades or risk appetite wanes.
Bias
Bearish-to-range-bound; CAD/ZAR sits below its 90-day average and in the lower half of the three-month range.
Key drivers
- Rate gap: BoC (Bank of Canada) policy rate sits well below SARB’s, and the BoC has signaled it will remain supportive, which tends to keep CAD weaker against ZAR.
- Risk/commodities: Oil is near the upper end of its range, adding to CAD’s support from its oil export link, though moves remain volatile.
- Macro factor: SARB’s rate cut and improving inflation outlook have drawn global funds into rand assets, lifting ZAR.
Range
CAD/ZAR is expected to drift within its recent band, with a bias toward testing the lower end if oil fades or risk appetite wanes.
What could change it
- Upside risk: Oil price momentum persists, lifting CAD via the commodity export channel.
- Downside risk: Rand strength accelerates on continued inflows and deeper SARB easing, pressuring CAD further
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CAD to ZAR Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Canadian 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 CAD amounts at today’s rate * :
What is the
OFX Send Money conversion rate for CAD to ZAR?
The OFX CAD to ZAR exchange rate is 11.8. This is -0.51% compared to the latest CAD-ZAR mid-market rate 11.86.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Canadian dollar (CAD) to South African rand (ZAR) rates from different sources before making a conversion.
The above
OFX - Loonie to Rand comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
OFX and other foreign exchange providers against the latest CAD-ZAR mid-rate and the possible savings of using various providers.
How do OFX CAD-ZAR rates compare between providers?
Looking at the full
CAD to ZAR - Send Money comparison table the provider with the best CAD to ZAR exchange rate is OFX at 11.8, -0.51% from the latest mid-market rate 11.86.
The next best is XE at 11.79, -0.59% from the mid-rate.
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 OFX or platforms that offer rates closer to the mid-market rate.