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Best ZAR to EUR Exchange Rates Compared Live

The live mid-rate ZAR to EUR exchange rate is 0.048974. Compare currency conversion rates - Reduce FX costs.

ZAR-EUR Rate Calculator

 

 
EUR/ZAR hits 14-day high of 20.42 amid ongoing Ukraine conflict & German unemployment concerns. Analysts expect continued volatility w/ pair recently fluctuating btw 19.41-21.75. SA's economy under pressure from US tariffs & oil price movements at 63.90 - watch ECB policy for next moves. #EURZAR #FX

 

What is the best Send Money conversion rate for ZAR to EUR?

The best ZAR to EUR exchange rate is our partner deal rate of 0.0487 from OFX . This is -0.56% compared to the mid-market rate 0.048974.

The standard OFX ZAR-EUR rate is 0.048386312, -1.2% from the mid-rate. Visit OFX here to secure the better rate.

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.

How do ZAR-EUR rates compare between providers?

Looking at our comparison table the best ZAR to EUR exchange rate is 0.0487 from OFX, -0.56% from the mid-market rate 0.048974. The next best rate is 0.0487 from XE, -0.56% from the mid-rate. Then WorldRemit with 0.0482 is -1.6% 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.

 

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The Rand to Euro comparison table above 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-EUR mid-rate (see Market Data below ) and the possible savings of using various providers. 

 
 
 

ZAR to EUR Market Data

South African rand (ZAR) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell ZAR   →   Buy EUR
1 ZAR =
0.048974We compare provider deals to this wholesale mid-market rate. Read more
EUR
-0.8%
14d-lows
ZAR to EUR is at 14-day lows near 0.048974, near its 3-month average, having traded in a rather volatile 12.1% range from 0.045978 to 0.051524
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DateZAR/EURPeriod
17 May 2025
0.0497
2 Week
02 Mar 2025
0.0514
3 Month
31 May 2024
0.0490
1 Year
01 Jun 2020
0.0517
5 Year
03 Jun 2015
0.0722
10 Year
05 Jun 2005
0.1194
20 Year
ZAR/EUR historic rates
 

What are equivalent amounts of ZAR and EUR?

Here are some popular conversion amounts for ZAR to EUR (South African rand to Euro)*.

ZAR EUR
R 1 0.0490
R 5 0.2449
R 10 0.4897
R 20 0.9795
R 50 2.4487
R 100 4.8974
R 250 12.24
R 500 24.49
R 1,000 48.97
R 2,000 97.95
R 5,000 244.87
R 10,000 489.74
R 20,000 979.48
R 50,000 2,449
R 100,000 4,897
ZAR EUR
R 20.42 € 1
R 102.10 € 5
R 204.20 € 10
R 408.40 € 20
R 1,021 € 50
R 2,042 € 100
R 5,105 € 250
R 10,210 € 500
R 20,420 € 1,000
R 40,840 € 2,000
R 102,100 € 5,000
R 204,200 € 10,000
R 408,400 € 20,000
R 1,021,000 € 50,000
R 2,042,000 € 100,000

More amounts

*Converted at the current ZAREUR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for EUR to ZAR

 

Recent forecasts for the EUR to ZAR exchange rate indicate a cautious outlook as the euro faces various pressures. Analysts highlighted that geopolitical tensions, including the ongoing war in Ukraine, have adversely affected the Eurozone's economic stability. As the conflict continues into 2025, factors such as EU support for Ukraine and energy supply challenges remain pivotal for the euro's performance. Furthermore, Germany's latest unemployment figures, showing a rise of 34,000, have added to concerns about economic recovery, contributing to recent volatility in the euro.

Read our full review of recent EUR to ZAR forecasts.

 
ZAR note

How to get a good ZAR to EUR exchange rate

There are several ways to save on exchange rates when converting South African rand to Euro:

  1. Shop around for the best ZAR/EUR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the ZAR/EUR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both ZAR and EUR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

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.

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We can help you get an even better deal when sending a Large International Money Transfer.

Click below for the Request Quotes form and enter your transfer details (BER account required).

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Save time and money - fewer websites to visit and you get a much better exchange rate & service.

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Will the South African rand rise against the Euro?

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.

 
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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

 

South African rand - 3 month change versus major currencies

 

Currency Country Guides

EurozoneEurozone (EUR)Aaland IslandsAaland Islands (EUR)AndorraAndorra (EUR)
AustriaAustria (EUR)BelgiumBelgium (EUR)CroatiaCroatia (EUR)
CyprusCyprus (EUR)EstoniaEstonia (EUR)FinlandFinland (EUR)
FranceFrance (EUR)French GuineaFrench Guinea (EUR)French Southern TerritoriesFrench Southern Territories (EUR)
GermanyGermany (EUR)GreeceGreece (EUR)GuadeloupeGuadeloupe (EUR)
Vatican CityVatican City (EUR)IrelandIreland (EUR)ItalyItaly (EUR)
LatviaLatvia (EUR)LithuaniaLithuania (EUR)LuxembourgLuxembourg (EUR)
MaltaMalta (EUR)MartiniqueMartinique (EUR)MayotteMayotte (EUR)
MonacoMonaco (EUR)MontenegroMontenegro (EUR)NetherlandsNetherlands (EUR)
PortugalPortugal (EUR)ReunionReunion (EUR)Saint BarthelemySaint Barthelemy (EUR)
Saint MartinSaint Martin (EUR)Saint Pierre and MiquelonSaint Pierre and Miquelon (EUR)San MarinoSan Marino (EUR)
SlovakiaSlovakia (EUR)SloveniaSlovenia (EUR)South AfricaSouth Africa (ZAR)
SpainSpain (EUR)
 

Which Eurozone country has the cheapest cost of living?

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.

What is the best country to setup a company in the Eurozone?

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:

  • Ireland, known for its favorable corporate tax rate of 12.5%.
  • Netherlands, known for its business-friendly regulations and strong logistics infrastructure.
  • Estonia, known for its e-residency program and digital-friendly government.
  • Germany, known for its large market and strong economy.

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

   
 
 
 

Related exchange rates


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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