The comparison table above helps you see the total cost of your 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’.
USD to ZAR Market Data
US dollar (USD) to South African rand (ZAR) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the USD to ZAR Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the US dollar against the South African rand is to review how the USD/ZAR rate has changed over time.
The table below shows the percentage change in the USD to ZAR exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
Current market bias: Bearish for USD to ZAR.
Key drivers:
- The Federal Reserve is expected to cut interest rates, which may weaken the USD due to more monetary easing.
- South Africa’s economy is experiencing positive growth forecasts, supported by improved energy supply and infrastructure.
- Recent forecasts indicate potential appreciation for the ZAR, which strengthens its position against the USD.
Near-term range: USD to ZAR will likely trade within a narrower range, reflecting stability around current prices.
What could change it:
- An upside risk could arise from stronger-than-anticipated US consumer sentiment, boosting the USD.
- A downside risk includes accelerated inflation control in South Africa or rising commodity prices drawing investments into the ZAR.
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USD/ZAR bearish bias continues as Fed's rate cuts loom, possibly weakening the USD. S. Africa's growth outlook strengthens ZAR appeal. Upside risk: stronger US consumer sentiment. Downside risk: improved inflation control or rising commodity prices boosting ZAR
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USD 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 US 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 USD amounts at today’s rate * :
What is the
best Send Money conversion rate for USD to ZAR?
The best USD to ZAR exchange rate is 16.52 from OFX . This is -0.48% compared to the mid-market rate 16.60.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
US dollar (USD) to South African rand (ZAR) rates from different sources before making a conversion.
The above
Dollar to Rand comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest USD-ZAR mid-rate and the possible savings of using various providers.
How do USD-ZAR rates compare between providers?
Looking at the full
USD to ZAR - Send Money comparison table the provider with the best USD to ZAR exchange rate is OFX at 16.52, -0.48% from the latest mid-market rate 16.60.
The next best is XE at 16.5, -0.6% 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
or platforms that offer rates closer to the mid-market rate.