#EURZAR hits 21.06, up 4.7% from 3-month avg. Strong EUR boosted by surprise 0.4% Eurozone GDP growth, while ZAR suffers from new US tariffs. Analysts expect continued volatility as ECB reconsiders rate cuts amid improving EU economy
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ZAR to EUR Market Data
South African rand (ZAR) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
Sell ZAR →
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1 ZAR
=
0.047600We compare provider deals to this wholesale mid-market rate. Read more
EUR▲+0.2%
14d-highs
ZAR to EUR at 0.047459 is 4.7% below its 3-month average of 0.049809, having traded in a rather volatile 14.4% range from 0.045978 to 0.052601
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| Date | ZAR/EUR | Period |
|---|---|---|
12 Apr 2025 | 0.0460 | 2 Week |
26 Jan 2025 | 0.0516 | 3 Month |
26 Apr 2024 | 0.0498 | 1 Year |
27 Apr 2020 | 0.0491 | 5 Year |
29 Apr 2015 | 0.0761 | 10 Year |
01 May 2005 | 0.1274 | 20 Year |
What are equivalent amounts of ZAR and EUR?
Here are some popular conversion amounts for ZAR to EUR (South African rand to Euro)*.
*Converted at the current ZAREUR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Forecasts for EUR to ZAR
The recent exchange rate forecasts for EUR to ZAR reflect a complex interplay of macroeconomic indicators, geopolitical tensions, and market sentiment. The euro (EUR) has shown resilience, particularly with improved Eurozone GDP figures reporting a surprising 0.4% acceleration in the first quarter. This positive economic data has slightly mitigated expectations of interest rate cuts by the European Central Bank (ECB), contributing to the euro's recent upward movement.
Read our full review of recent EUR to ZAR forecasts.
How to get a good ZAR to EUR exchange rate
There are several ways to save on exchange rates when converting South African rand to Euro:
- Shop around for the best ZAR/EUR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
- Timing is important: Keep an eye on the ZAR/EUR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
- Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
- Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both ZAR and EUR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
- Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.
The key is reducing excessive costs and fees
Generally speaking, if you are buying Euro with South African rand, then it's better for the ZAR/EUR exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
Read our Currency guide to the Eurozone — a practical currency and money guide to travel in the Eurozone plus living and doing business with the Euro.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
Will the South African rand rise against the Euro?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add ZAR/EUR to your personalised Rate Tracker to track and benefit from currency movements.
Track Rate
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
Currency Country Guides
Which Eurozone country has the cheapest cost of living?
The cost of living varies greatly within the Eurozone, and it depends on various factors such as housing, transportation, healthcare, and taxes. However, some of the countries in the Eurozone with relatively lower cost of living include:
Greece: Greece has a relatively low cost of living compared to other Eurozone countries.
Portugal: Portugal has a lower cost of housing than in other Eurozone countries.
Spain: Spain also has a relatively low cost of living, particularly in the southern regions such as Andalusia and Murcia.
Ireland: Ireland has a relatively low cost of living, particularly in the regions outside the main cities like Dublin.
Cyprus: Cyprus has a relatively low cost of food and transportation.
It's important to note that these are rough estimations, and the cost of living in these countries may be different for various factors such as location, lifestyle, and personal preferences. It's also worth noting that these countries are not part of the Eurozone, but they are in the EU and their currencies are pegged to the Euro.
What is the best country to setup a company in the Eurozone?
There is no definitive answer to what the best country is to set up a company in the Eurozone, as it depends on various factors such as the nature of the business, the target market, and the specific needs and goals of the company. However, some countries in the Eurozone are generally considered to be more favorable for businesses than others.
Some of the countries that are considered to be among the most business-friendly in the Eurozone include:
- Ireland, known for its favorable corporate tax rate of 12.5%.
- Netherlands, known for its business-friendly regulations and strong logistics infrastructure.
- Estonia, known for its e-residency program and digital-friendly government.
- Germany, known for its large market and strong economy.
It is worth noting that each country has its own specific regulations, taxes and legal requirements that might fit some businesses better than others. It is recommended to consult with business experts and legal advisers for a tailored advice for your business.
Read more at our Eurozone (EUR) country guide
Related exchange rates
BER articles that mention the Euro (EUR):
News2025-04-25
The U.S. Dollar Is Losing Ground to the Euro — And the World Is Watching
Deutsche Bank forecasts a significant weakening of the US dollar in the coming years, potentially reaching its lowest level against the euro in over a decade.
News2025-04-14
US Dollar Hits Three-Year Low On Jerome Powell Dismissal Threat
The US dollar has fallen to a three-year low, influenced by Trump policy back flips plus concerns over the Federal Reserve's independence. Analysts suggest a long-overdue correction due to overvaluation and trade tensions.
Further reading on the Euro (EUR) - Guides, Reviews & News from our research team.
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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