Usd Zar Exchange Rate Converter and Comparison Tool

Author

Reads 323

Dollar Banknote on Display
Credit: pexels.com, Dollar Banknote on Display

The USD/ZAR exchange rate is a crucial factor to consider when traveling to South Africa or doing business with the country. The exchange rate can fluctuate significantly over time.

The current exchange rate is approximately 1 USD to 14.5 ZAR. This means that if you exchange $100, you'll get around 1,450 ZAR.

To make the most of your money, it's essential to stay up-to-date with the latest exchange rates. You can use a reliable exchange rate converter tool to get the most current rates.

The exchange rate converter tool can also help you compare different exchange rates from various providers to find the best deal.

Understanding the Exchange Rate

The exchange rate between the US Dollar and the South African Rand is a dynamic figure that can fluctuate significantly over time. Currently, it stands at 18.66, up from 18.38 the previous market day.

This 1.52% increase from the previous market day is a notable change, and it's essential to keep an eye on these fluctuations if you're involved in international trade or travel.

What Is the Interbank Rate?

Credit: youtube.com, Exchange Rates and Trade

The interbank rate, also known as the mid-market rate, is the exchange rate used by banks and large institutions when trading large volumes of foreign currency with one another.

It's not meant for individuals and smaller businesses, as they tend to attract a higher mark-up to make a profit.

The interbank rate is often referred to as the spot rate or the real exchange rate, but its official name is the interbank rate.

It's not something you can use directly for your own money transfers, as the exchange rate you get will likely be different and less favorable.

Basic Info

The exchange rate between the US Dollar and the South African Rand is constantly fluctuating. It's currently at 18.66, up from 18.38 the previous market day.

This change is a 1.52% increase from the previous market day. That's a significant jump, and it's worth keeping an eye on.

The exchange rate has also seen a decrease of -0.67% from one year ago, when it was at 18.79. This shows that the rate is not always going up.

Using Oanda's Currency Converter

Credit: youtube.com, Online currency converter | Oanda

Using Oanda's Currency Converter is a straightforward process. You can type in currency names, 3-letter ISO currency symbols, or country names to select your currency.

Oanda's converter is free and allows you to convert world currencies, precious metals, or obsolete currencies. You can even access currency exchange rates dating back to January 1990.

To convert US dollars to South African rand, follow these simple steps:

  1. Type in the box how much you want to convert.
  2. Click on the dropdown to select USD in the first dropdown as the currency that you want to convert and ZAR in the second dropdown as the currency you want to convert to.
  3. Our currency converter will show you the current USD to ZAR rate and how it's changed over the past day, week or month.

Historical and Current Data

You can access historical data on the USD/ZAR exchange rate dating back to January 1990. OANDA's currency converter allows you to convert world currencies, precious metals, or obsolete currencies.

The exchange rate has fluctuated over time, with a 30-day high of 19.1148 and a 30-day low of 18.4039. The 30-day average is 18.7545.

Here's a breakdown of the exchange rate over the past 90 days:

The exchange rate has also shown a significant change over the past year, with a 1-year high of 18.79 and a 1-year low of 18.06. The 1-year average is 18.43, with a change of -0.67%.

The latest data shows that the exchange rate is currently at 18.66, with a last updated time of January 27, 2025, 10:25 EST. The average growth rate is 5.69%.

Conversion and Comparison

Credit: youtube.com, How Exchange Rates Are Determined

You can use OANDA's free currency converter to convert world currencies, precious metals, or obsolete currencies. OANDA's currency converter also provides access to currency exchange rates dating back to January 1990.

To convert US dollars to South African rand, simply type in the box how much you want to convert, select USD in the first dropdown as the currency that you want to convert, and ZAR in the second dropdown as the currency you want to convert to. The currency converter will show you the current USD to ZAR rate and how it's changed over the past day, week or month.

Leading competitors in the money transfer industry often add hidden markups to their exchange rates, charging customers more without their knowledge. Wise, on the other hand, gives you the real rate without any hidden fees. To compare prices for sending money abroad, you can compare Wise's rate and fee with its competitors.

Compare International Money Transfer Prices

Credit: youtube.com, Wise vs Xe Money Transfer: Which is Better in 2025?

Currency conversion rates differ between companies as each company manipulates the interbank rate to make a profit. This is usually done on volume; the higher the volume, the closer you get to the interbank rate.

Most trading happens in the UK and US market, so it's best to send money during 8am GMT to 5pm EST when the market is most liquid and the difference between the bid and ask rates is minimal.

Leading competitors have a dirty little secret: they add hidden markups to their exchange rates, charging you more without your knowledge. And if they have a fee, they charge you twice.

Wise never hides fees in the exchange rate, giving you the real rate.

US Dollars to South African Rand Conversion

If you need to convert US dollars to South African rand, OANDA's currency converter is a great tool to use. You can type in the amount you want to convert and select USD as the currency you want to convert from and ZAR as the currency you want to convert to.

Credit: youtube.com, 1 USD to ZAR - Convert US Dollars to South African Rand 27 SEP 2024

To get started, simply type in the box how much you want to convert. Then, click on the dropdown to select USD in the first dropdown as the currency that you want to convert from and ZAR in the second dropdown as the currency you want to convert to. This will show you the current USD to ZAR rate and how it's changed over the past day, week, or month.

OANDA's currency converter can also show you currency exchange rates dating back to January 1990, which can be useful for historical research or tracking changes over time.

Here's a quick rundown of the steps to convert US dollars to South African rand using OANDA's currency converter:

  • Type in the amount you want to convert
  • Select USD as the currency you want to convert from and ZAR as the currency you want to convert to
  • Click the dropdown menus to select your currencies
  • View the current exchange rate and historical changes

Frequently Asked Questions

What is the prediction for the rand to the dollar?

According to Trading Economics, the South African Rand is predicted to trade at approximately 17.99 by the end of this quarter and 18.19 in 12 months time. This forecast is based on global macro models and analysts' expectations.

What is the prediction of the dollar to the rand?

Our prediction is that the USDZAR exchange rate will be around 18.19 in 12 months. This estimate reflects the current value of the USD in terms of the ZAR.

What is the current USD ZAR rate today?

The current exchange rate is approximately 1 USD to 18.78 ZAR, with a 52-week range of 17.02 to 19.39 ZAR. Check our latest updates for the most current exchange rate.

How strong is the dollar in South Africa?

The US dollar has strengthened by 0.78% in a day and 2.55% in a year against the South African Rand, with the current exchange rate at 18.88. This indicates a moderate increase in the dollar's value against the Rand.

Should I buy or sell USD ZAR today?

According to our technical analysis, the USDZAR is a strong buy signal, but keep in mind that markets can be unpredictable. Consider buying USDZAR today, but stay informed for potential market fluctuations.

Vanessa Schmidt

Lead Writer

Vanessa Schmidt is a seasoned writer with a passion for crafting informative and engaging content. With a keen eye for detail and a knack for research, she has established herself as a trusted voice in the world of personal finance. Her expertise has led to the creation of articles on a wide range of topics, including Wells Fargo credit card information, where she provides readers with valuable insights and practical advice.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.