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 to USD is at 7-day lows near 0.055720, 2.2% above its 3-month average of 0.054527, having traded in a quite volatile 11.7% range from 0.050563 to 0.056472
Is the ZAR to USD Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the South African rand against the US dollar is to review how the ZAR/USD rate has changed over time.
The table below shows the percentage change in the ZAR to USD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
#USD/ZAR hits 3yr low as Fed rate cut looms amid trade war tensions & weak econ data. USD trading @ 17.95, down 2.2% from 3-month avg. Analysts warn tariff impact on SA could create further volatility, all eyes on upcoming US consumer sentiment data
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 * :
The standard OFX ZAR-USD rate is 0.05505136, -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 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 0.0554, -0.57% from the latest mid-market rate 0.055720.
The next best is XE at 0.0554, -0.57% from the mid-rate.
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.
Recent forecasts and market updates reflect a turbulent period for both the US dollar (USD) and the British pound (GBP), with varying pressures shaping their exchange rate dynamics.