What is the
Western Union Send Money conversion rate for USD to ZAR?
The Western Union USD to ZAR exchange rate is 17.64. This is -1% compared to the latest USD-ZAR mid-market rate 17.82.
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
Western Union - Dollar to Rand comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Western Union and other foreign exchange providers against the latest USD-ZAR mid-rate and the possible savings of using various providers.
How do Western Union USD-ZAR rates compare between providers?
Looking at the
full comparison table
the best USD to ZAR exchange rate is 17.73 from OFX, -0.51% from the mid-market rate 17.82. The next best rate is 17.71 from XE, -0.62% from the mid-rate. Then Wise with 17.7 is -0.67% from the mid-rate.
The Western Union rate is 17.64 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 16.43 at -7.8% the Wells Fargo Bank rate is 16.33 at -8.4% and the Citibank rate is 17.14 at -3.8% compared to the mid-rate 17.82.
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 Western Union or platforms that offer rates closer to the mid-market rate.
Compare USD to ZAR Transfer Rates