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Understanding the Table:
The comparison table above helps you see the total cost of your Wise 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’.
The average USD rate margin offered by Wise is 0.81%.
This average is based on individual USD 10K transfer rates in the currency pairs from Wise that we monitor.
The tables below show the best and worst exchange rate margins offered by Wise for US dollar (USD 10K) transactions. Margins show the percentage difference from the mid-market rate.
US dollar (USD) to South African rand (ZAR) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias: Bearish-to-range-bound, as the USD is below the 90-day average and in the lower half of the 3-month range.
Bias: The outlook for USD/EUR is range-bound, as the current rate is near the 90-day average and positioned in the middle of the 3-month range.
Bias: The current USD/JPY position is bullish-to-range-bound, as it is above the 90-day average and in the upper half of the 3-month range.
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 * :
*Converted at the current USD-ZAR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The Wise USD to ZAR exchange rate is 16.08. This is -2% compared to the latest USD-ZAR mid-market rate 16.41.
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 Wise - Dollar to Rand comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Wise and other foreign exchange providers against the latest USD-ZAR mid-rate and the possible savings of using various 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 16.33, -0.49% from the latest mid-market rate 16.41.
The next best is XE at 16.31, -0.61% from the mid-rate.
Then Western Union at 16.25, which is -0.98% from the mid-rate.
Among the banks the Chase Bank rate is 15.31 at -6.7% the Wells Fargo Bank rate is 15.21 at -7.3% and the Citibank rate is 15.97 at -2.7% compared to the mid-rate 16.41.
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 Wise or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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