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Understanding the Table:
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’.
Sending money to Canada can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Canada bank accounts or pay a Canadian dollar invoice.
South African rand (ZAR) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.
CAD/ZAR Outlook: Slightly weaker, but likely to move sideways as it trades below its recent average and is currently not driven by a single factor.
ZAR/USD Outlook: Slightly positive, but likely to move sideways, as the rate is above its recent average and lacks a strong driver.
USD/CAD Outlook: Slightly weaker, but likely to move sideways, as current trading is below its recent average and within the mid-range of the last three months.
To help you understand the real-world value of the current exchange rate, the table below shows how much South African rand are worth in Canadian dollar across a range of amounts.
This gives a quick view of what you’d get when converting different ZAR amounts at today’s rate * :
*Converted at the current ZAR-CAD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best ZAR to CAD exchange rate is 0.0849 from OFX . This is -0.5% compared to the mid-market rate 0.085328.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare South African rand (ZAR) to Canadian dollar (CAD) rates from different sources before making a conversion.
The above Rand to Loonie 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 ZAR-CAD mid-rate and the possible savings of using various providers.
Looking at the full ZAR to CAD - Send Money comparison table the provider with the best ZAR to CAD exchange rate is OFX at 0.0849, -0.5% from the latest mid-market rate 0.085328.
The next best is XE at 0.0848, -0.62% 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.
View a full list of exchange rates by selecting your Base (from) currency:
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