If you're planning to send euros to South Africa, you'll want to know the international money transfer prices involved. The transfer fee for euros to South African rand can be as low as 0.6% of the transfer amount, depending on the transfer service provider.
Some transfer services charge a fixed fee per transfer, such as R100, while others charge a percentage of the transfer amount, such as 1.2%. The transfer fee can add up quickly, so it's essential to factor it into your overall transfer cost.
The transfer speed also affects the cost, with faster transfers typically costing more. For example, a same-day transfer can cost up to 3% more than a transfer that takes a few days.
Conversion Tools
To convert Euros to South African rand, you can simply type in the amount you want to convert into the box provided.
Our currency converter will show you the current EUR to ZAR rate and how it's changed over the past day, week or month.
You can also find the latest currency exchange rates, such as 1 South African Rand = 0.0517 Euro, which is accurate as of 03/01/2025 21:01.
The currency charts provided are very helpful in understanding the conversion rates. For example, 1 ZAR is equal to 0.05 EUR.
Here are some examples of conversion rates from the charts:
These charts show you the conversion rates for various amounts, making it easy to calculate the equivalent value in Euros.
You can also use the dropdown menu to select the currencies you want to convert between, making it a quick and easy process.
South African Rand Exchange Rate History
The South African Rand exchange rate history is a fascinating topic, especially when comparing it to the Euro. The exchange rate between the two currencies has fluctuated over time, with some notable changes in recent years.
One notable change is the decrease in value of the Euro compared to the South African Rand. In the six months, the EUR/ZAR rate has dropped by -2.94%, meaning the Euro has lost value against the Rand.
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Looking at the exchange rate history for converting South African Rands to Euros, we can see that the rate has varied significantly over the past few weeks. On the 2nd of January 2025, the exchange rate was 1 ZAR = 0.0519 EUR.
Here's a breakdown of the exchange rate history for the past few weeks:
To get a better understanding of the exchange rate history, you can view rates between the Euro and the South African Rand for a particular year by clicking on one of the links below.
- 2025
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
Comparison and Prices
When comparing prices for sending money from euros to South African rands, it's essential to know that some competitors add hidden markups to their exchange rates. This can cost you more than you expect.
Leading money transfer services charge you twice if they have a fee - once in the exchange rate and again as a separate fee.
Wise, on the other hand, gives you the real exchange rate without hiding fees in the rate. This means you get a fair deal and can compare their rate and fee with competitors to see the difference.
Stats
The stats section is where you can find the most up-to-date information on the current state of the exchange rate. The last value of 19.40 was recorded on January 16, 2025.
This value is based on the latest period, which is also January 16, 2025. The data was last updated on January 16, 2025, at 10:28 EST.
The next release of the data is scheduled for January 17, 2025, at 10:00 EST. The average growth rate over time is a significant 5.02%.
Looking at the previous market day, the value was 19.43, which means there was a slight decrease of -0.14%. If we go back even further, to one year ago, the value was 20.73, resulting in a change of -6.41%.
Here's a quick summary of the key statistics:
The frequency of this data is market daily, and the unit is ZAR to 1 EUR.
Compare International Money Transfer Prices
When sending money abroad, it's essential to compare prices to get the best deal.
Leading international money transfer services often add hidden markups to their exchange rates, charging you more without your knowledge.
This can result in you paying more than you need to, which can add up quickly.
Some services even charge a fee and then charge you again for the exchange rate, effectively doubling the cost.
Wise is different, as they give you the real exchange rate without any hidden markups or fees.
By comparing prices with Wise, you can see the difference for yourself and make an informed decision about how to send your money abroad.
Don't get caught out by hidden fees and markups - take the time to compare international money transfer prices and save yourself money.
Frequently Asked Questions
How to convert 1 Euro to a rand?
To convert 1 Euro to a rand, use our currency converter, where 1 EUR is currently equivalent to approximately 19.56 ZAR. Check our rates for the latest exchange information and start converting with Revolut today.
What is the highest the Euro has been against the rand?
The highest Euro to South African rand exchange rate was on August 6, 2024, with 1 Euro being worth 20.2319 rand. This rate represents the strongest Euro against the rand on record.
Sources
- https://ycharts.com/indicators/euro_to_south_african_rand_exchange_rate
- https://www.westernunion.com/es/en/currency-converter/eur-to-zar-rate.html
- https://www.currency.me.uk/convert/zar/eur
- https://wise.com/us/currency-converter/eur-to-zar-rate
- https://www.exchange-rates.org/exchange-rate-history/eur-zar
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