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’.
ZAR to EUR Market Data
South African rand (ZAR) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the ZAR to EUR 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 South African rand against the Euro is to review how the ZAR/EUR rate has changed over time.
The table below shows the percentage change in the ZAR to EUR exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
The recent performance of the South African Rand (ZAR) against the US Dollar (USD) reflects a period of strengthening for the ZAR, bolstered by positive domestic developments.
Recent forecasts concerning the USD to EUR exchange rate indicate a bearish outlook for the US dollar (USD) while the euro (EUR) experiences limited strength.
Current market bias for EUR/ZAR is bearish. Key drivers include an interest rate differential as the ECB keeps rates steady while the South African Reserve Bank cuts rates, reducing euro demand. Geopolitical tensions in Ukraine add uncertainty for the euro. In contrast, improved economic forecasts for South Africa offer support for the rand.
Over the next 1-3 months, EUR/ZAR is expected to trade within a declining range, remaining 1.6% below its 3-month average. Upside risks stem from unexpected positive Eurozone economic data, while downside risks could arise from further South African rate cuts or escalated geopolitical tensions.
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EUR/ZAR currently shows a bearish trend as ECB holds rates and SARB cuts them, impacting euro demand. Uncertainty from Ukraine tensions persists. South Africa's improved economic outlook may support the rand. Focus on upcoming data for potential shifts
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ZAR to EUR 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 South African rand are worth in Euro across a range of amounts.
This gives a quick view of what you’d get when converting different ZAR amounts at today’s rate * :
What is the
best Send Money conversion rate for ZAR to EUR?
The best ZAR to EUR exchange rate is 0.0508 from OFX . This is -0.44% compared to the mid-market rate 0.051024.
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 Euro (EUR) rates from different sources before making a conversion.
The above
Rand to Euro 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-EUR mid-rate and the possible savings of using various providers.
How do ZAR-EUR rates compare between providers?
Looking at the full
ZAR to EUR - Send Money comparison table the provider with the best ZAR to EUR exchange rate is OFX at 0.0508, -0.44% from the latest mid-market rate 0.051024.
The next best is XE at 0.0507, -0.63% 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.