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Understanding the Table:
The comparison table above helps you see the total cost of your Capital One 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’.
Capital Bank is a regional bank headquartered in Raleigh, North Carolina, USA. It offers a range of financial products and services to individuals, businesses, and commercial clients, including checking and savings accounts, credit cards, loans, mortgages, and wealth management services.
The bank operates over 150 branches across several states in the southeastern United States, including Florida, North Carolina, South Carolina, Tennessee, and Virginia. It also offers online and mobile banking services to its customers.
When you get a quote for your foreign wire transfer from Capital Bank on their website, in-app or in-branch, you should make note of the Capital Bank exchange rate, but it can be difficult to then calculate how much markup from the market rate you are being charged.
Our research shows that on average, the Capital Bank exchange rate markup for foreign wires is somewhere between 3 - 8%, depending on the amount you're sending, where you're sending it to and which currency will be received.
While all banks in the USA charge this type of markup, we make it easy to see how much you can save by using a global money transfer specialist.
The Capital One USD to ZAR exchange rate is 16.42. This is -7.8% compared to the latest USD-ZAR mid-market rate 17.81.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to South African rand (ZAR) rates from different sources before making a conversion.
The above Capital One - Dollar to Rand comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Capital One and other foreign exchange providers against the latest USD-ZAR mid-rate and the possible savings of using various providers.
Looking at the full USD to ZAR - Send Money comparison table the provider with the best USD to ZAR exchange rate is OFX at 17.72, -0.51% from the latest mid-market rate 17.81.
The next best is XE at 17.71, -0.56% from the mid-rate.
Then Wise at 17.7, which is -0.62% from the mid-rate.
The Western Union rate is 17.64 which is -0.95% from the mid-rate.
Among the banks the Chase Bank rate is 16.47 at -7.5% the Wells Fargo Bank rate is 16.37 at -8.1% and the Citibank rate is 17.18 at -3.5% compared to the mid-rate 17.81.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Capital One 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:
