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 USD Market Data
South African rand (ZAR) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
ZAR/USD Outlook:
The ZAR/USD rate is currently above its recent average and is showing a bullish tendency, supported by a strong rebound in commodity prices.
USD/ZAR is expected to decrease as it's trading near recent lows with no clear upward drivers. Key factors include the Fed's rate stance vs. SA's rate cut, rising oil prices affecting the Rand, and geopolitical tensions boosting USD demand. Range likely steady, but global risk shifts could change dynamics
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ZAR to USD 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 US 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 * :
What is the
best Send Money conversion rate for ZAR to USD?
The best ZAR to USD exchange rate is 0.062 from OFX . This is -0.55% compared to the mid-market rate 0.062345.
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 US dollar (USD) rates from different sources before making a conversion.
The above
Rand to Dollar 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-USD mid-rate and the possible savings of using various providers.
How do ZAR-USD rates compare between providers?
Looking at the full
ZAR to USD - Send Money comparison table the provider with the best ZAR to USD exchange rate is OFX at 0.062, -0.55% from the latest mid-market rate 0.062345.
The next best is XE at 0.062, -0.55% 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.