What is the
WorldRemit Send Money conversion rate for ZAR to USD?
The WorldRemit ZAR to USD exchange rate is 0.0549. This is -1.5% compared to the latest ZAR-USD mid-market rate 0.055720.
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
WorldRemit - Rand to Dollar comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
WorldRemit and other foreign exchange providers against the latest ZAR-USD mid-rate and the possible savings of using various providers.
How do WorldRemit 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 0.0554, -0.57% from the latest mid-market rate 0.055720.
The next best is XE at 0.0554, -0.57% from the mid-rate.
Then WorldRemit at 0.0549, 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 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
like WorldRemit or platforms that offer rates closer to the mid-market rate.