TD Bank CAD to ZAR Exchange Rates & Currency Deals
CAD-ZAR Rate Calculator
Understanding the Table:
The comparison table above helps you see the total cost of your TD 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’.
CAD to ZAR Market Data
Canadian dollar (CAD) to South African rand (ZAR) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias
Bearish-to-range, CAD/ZAR currently below its 90-day average and in the lower half of its 3-month range.
Key drivers
- Rate gap: The BoC's policy rate remains well below SARB's, which tends to keep Canadian yields lower and dampen CAD demand versus the rand.
- Oil/commodities: Oil trades near its 90-day high and stays volatile; higher oil supports CAD because Canada is a major oil exporter, while pullbacks would weigh on the loonie.
- Macro: SA inflation looks near target, allowing SARB to remain accommodative and support rand, a factor that complicates CAD outperformance.
Range
Expect the pair to drift within the three-month span, with a reasonable chance of testing the lower boundary as data flow and oil moves unfold across the coming weeks.
What could change it
- Upside risk: Oil keeps rallying and global growth proves firmer, boosting the CAD's relative appeal.
- Downside risk: renewed risk-off mood or a stronger USD broadening pressure on commodity currencies, including CAD.
CAD/ZAR bearish-to-range, trading below its 90-day avg and in the lower half of the 3-mo range. Oil holds near a 90-day high; SA inflation near target with SARB keeping rates accommodative. Watch oil moves and USD strength for a breakout or further drift
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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
TD Bank Send Money conversion rate for CAD to ZAR?
The TD Bank CAD to ZAR exchange rate is 11.29. This is -4.2% compared to the latest CAD-ZAR mid-market rate 11.78.
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
TD Bank - Loonie to Rand comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
TD Bank and other foreign exchange providers against the latest CAD-ZAR mid-rate and the possible savings of using various providers.
How do TD Bank 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 11.72, -0.51% from the latest mid-market rate 11.78.
The next best is XE at 11.71, -0.59% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like TD 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.