The HSBC EUR to ZAR rate is 19.58. This is -4.7% below the mid-rate. Compare HSBC currency conversion rates - Reduce FX costs.
The HSBC EUR to ZAR exchange rate is 19.58. This is -4.7% compared to the latest EUR-ZAR mid-market rate 20.55.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Euro (EUR) to South African rand (ZAR) rates from different sources before making a conversion.
Looking at our comparison table the best EUR to ZAR exchange rate is 20.45 from OFX, -0.49% from the mid-market rate 20.55. The next best rate is 20.42 from XE, -0.63% from the mid-rate. Then Wise with 20.4 is -0.73% from the mid-rate.
The Western Union rate is 20.24 which 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 Euro to Rand 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 EUR-ZAR 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.
Euro (EUR) to South African rand (ZAR) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | EUR/ZAR | Change | Period |
|---|---|---|---|
25 Apr 2025 | 21.31 | 3.8% ▼ | 2 Week |
08 Feb 2025 | 19.01 | 7.8% ▲ | 3 Month |
09 May 2024 | 19.91 | 2.9% ▲ | 1 Year |
10 May 2020 | 19.87 | 3.1% ▲ | 5 Year |
12 May 2015 | 13.50 | 51.8% ▲ | 10 Year |
14 May 2005 | 7.9865 | 156.6% ▲ | 20 Year |
Here are some popular conversion amounts for EUR to ZAR (Euro to South African rand)*.
*Converted at the current EURZAR 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 Euro to South African rand:
Generally speaking, if you are buying South African rand with Euro, then it's better for the EUR/ZAR 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 South Africa — a practical currency and money guide to travel in South Africa plus living and doing business with the South African rand.
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 EUR/ZAR 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
| Eurozone (EUR) | South Africa (ZAR) |
South Africa has a high crime rate, and certain areas or neighborhoods can be dangerous for foreigners. However, many areas are safe and tourist-friendly. It is important to exercise caution and be aware of your surroundings, avoid carrying valuables and stay in well-populated areas. Americans travelling to South Africa are recommended to check the U.S. Department of State website for travel advisories and to register with the Smart Traveler Enrollment Program.
The cost of living in South Africa is relatively low compared to other countries in the world. However, it is important to note that the cost of living can vary greatly depending on the specific location within the country.
The expat life in South Africa can be very exciting. There are many different things to do and see, and the people are friendly and welcoming. There are also some great opportunities for work and for business.
There are a few things that foreigners should be aware of when travelling to South Africa. These include:
-It is illegal to drink alcohol in public places
-It is illegal to walk around without a shirt on in public places
-It is illegal to take photos of certain buildings, such as Parliament
-It is illegal to drive without a valid driver's license
Doing business in South Africa is quite difficult due to the high crime rate, as well as the vastness of the country. Corruption is also a big problem, which makes doing business quite difficult.
The economy in South Africa is difficult to define because it is so diverse. There are developed industrial sectors, as well as large informal economies. Overall, the economy has been struggling in recent years due to high levels of unemployment, corruption, and inequality.
Read more at our South Africa (ZAR) country guide
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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