The HSBC ZAR to EUR rate is 0.0469. This is -3.7% below the mid-rate. Compare HSBC currency conversion rates - Reduce FX costs.
The HSBC ZAR to EUR exchange rate is 0.0469. This is -3.7% compared to the latest ZAR-EUR mid-market rate 0.048719.
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.
Looking at our comparison table the best ZAR to EUR exchange rate is 0.0485 from OFX, -0.45% from the mid-market rate 0.048719. The next best rate is 0.0484 from XE, -0.65% from the mid-rate. Then WorldRemit with 0.048 is -1.5% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like HSBC 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.
The HSBC Rand to Euro comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by HSBC and other foreign exchange providers against the latest ZAR-EUR mid-rate (see Market Data below ) and the possible savings of using various providers.
Here we review HSBC's foreign exchange services and how their exchange rates compare to FX specialist providers, compare rates and check how you can save money when you send and spend abroad.
HSBC, also known as the Hongkong and Shanghai Banking Corporation, is a multinational investment bank and financial services company based in London, UK. HSBC operates in over 60 countries and territories, including the UK, Hong Kong, China, Canada, the US, Australia, and throughout Europe, the Middle East, and Asia. The bank is well-known for its retail banking services, investment banking, and wealth management services, and has a large and diverse customer base.
In terms of foreign exchange rates, HSBC offers competitive rates for international money transfers and foreign currency exchange services. Customers can transfer money overseas in a range of currencies, and the bank offers real-time exchange rate quotes and low transfer fees. HSBC also offers foreign currency accounts and multi-currency accounts, allowing customers to hold and manage multiple currencies in a single account.
HSBC's foreign exchange rates are competitive with other major banks and financial institutions, and the bank has a strong reputation for providing reliable and secure services. However, it is always recommended that customers compare exchange rates and fees across different FX providers to ensure they are getting the best value for their money.
When you get a quote for your Global Money Transfer from HSBC on their website or in-app, you can also see the HSBC exchange rate, but it can be difficult to then calculate how much you are being charged.
HSBC does not publish their exchange rates publicly which is frustrating. However, our research shows that on average, HSBC profit margin for foreign exchange rates is somewhere between 2.8 - 7%, depending on the amount you're sending, where you're sending it to and which currency will be received.
While all banks add this mark-up, the extra amount being charged is much higher than it would be with a global money transfer specialist.
South African rand (ZAR) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | ZAR/EUR | Period |
|---|---|---|
19 Apr 2025 | 0.0467 | 2 Week |
02 Feb 2025 | 0.0513 | 3 Month |
03 May 2024 | 0.0502 | 1 Year |
04 May 2020 | 0.0496 | 5 Year |
06 May 2015 | 0.0734 | 10 Year |
08 May 2005 | 0.1290 | 20 Year |
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.
The recent performance of the EUR to ZAR exchange rate reflects a complex interplay of economic factors and geopolitical developments. Currently, the euro (EUR) is trading at 20.46 ZAR, which is 1.2% above its three-month average of 20.22 ZAR. This exchange rate has exhibited considerable volatility, with movements between 19.01 ZAR and 21.75 ZAR, demonstrating a range of 14.4%. Analysts indicate that the euro's value continues to be significantly impacted by a strong US dollar (USD), exacerbated by the ongoing trade tensions and tariffs imposed by the US on various countries, including South Africa which faces a 30% reciprocal tariff.
Read our full review of recent EUR to ZAR forecasts.
There are several ways to save on exchange rates when converting South African rand to Euro:
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.
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.
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
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.
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:
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
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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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