ZAR to USD: South African Rand to Dollar Conversion and Exchange Rate

Money rates or what is commonly known as currency exchange rates is one of the most complex things for most people. But much as many people find them complex, they are actually very simple. This is simply a way of expressing how much a certain currency is worth in comparison to another. As such, you must know the factors that influence these currencies. Every day, the exchange rates for currencies fluctuate. Normally, the changes are influenced by the demands on the national and international markets for the particular currencies. Therefore, what must one do in order to convert South African Rand to dollars? It is quite easy as you will see in this article.

Here’s How To Convert South African Rand To Dollars

There are numerous ways through which you can make such a conversion of currency. The fact that you are converting your currency from South African Rand to dollars, probably you are leaving for the U.S. In such a case, you could either convert the currency before you depart or after you land. You could also use your debit or credit card to buy and pay for the items you purchase. That way, the bank or the credit card firm will pay the merchant in their foreign currency. You should note that each technique used to convert currency normally attracts some fee and the most convenient techniques attract the highest charges. Therefore it will depend on one’s preference.

See Also: 5 Amazing Facts About South African Currency

You could decide to use your debit card and withdraw cash from an automated teller machine. If you did not know, you could still use your debit card at a foreign ATM the same way you do while you are home. Most banks in South Africa charge their clients lower rates for withdrawing at foreign ATMs than any other options used to convert currency. In fact, it is considered as one of the cheapest methods for currency exchange. However, if your bank is not part of the network as that of the foreign bank, you should consider using another method as this would prove very expensive.

20-Rand - South African Rand

You could also choose to buy goods using your credit card. This method is quite similar as when you are buying goods with your credit card at home. The credit card firm will charge a nominal currency exchange cost. If you are concerned about the fee, then this is another convenient option. Most local banks in South Africa have an option where you could visit them to make the currency conversion. However, you have to ensure your bank is one of the mainstream ones to get the services. It is used to be a reserve for big banks that are in places with high tourists. Nevertheless, most of the other banks have incorporated these services into their systems. Even if the bank does not have the currency at that particular time, they could still order it for you at a standard fee. This is why it is important to visit the bank prior to when you intend to travel.

READ
How to Convert South African Rand To Japanese Yen

Some people prefer using traveller’s checks. You could purchase this at the local bank. The bank will still charge you a small fee for this service. Something good with these checks is that they could be replaced in case you lose them. Therefore, if you are going to high theft areas, they are very effective. One must keep a record proving their purchase and the check number. They will be important in case you need a replacement. However, one great disadvantage with these checks is that it is not easy to find a trader who will accept them.

If you are in a hurry and you forgot to change currency, you could still do it at the airport. However, they have the highest exchange rates ever. They charge very high nominal fees. Therefore, if you have no problems with the exchange rates, this would be a perfect choice for you. Another option would be to do it at the hotel in your destination. Their rates are better than those at the airports. Additionally, there are several online sites that could do the conversion for you. However, this method is expensive since the cash has to be delivered at your destination.

Lastly, you can convert South African Rand to dollars by going to big banks at your destination. They could convert your cash to traveller’s checks or to US dollars. Their fees are higher than those at your local bank.

Was this article helpful?
Andile Smith
Andile Smith
Andile provides articles on anything from Politics, Sports, History and entertainment to funny, creepy and weird. His passion for writing allows him to take what is ordinary and transform it into a real masterpiece. He's a true storyteller with a passion for tech and literature
data-matched-content-rows-num="2" data-matched-content-columns-num="4" data-matched-content-ui-type="image_stacked" data-ad-format="autorelaxed">

Recommended

Who is Shauwn Mkhize? She’s Was Married to Her Millionaire Husband S’bu for 15 years

No list of successful South African women would be complete without Shauwn Mkhize. She is an accomplished business executive famed for her business acumen...

Itumeleng Khune Is Married and Shares A 10-Year Age Gap With Wife Sphelele Makhunga – Meet His Family

Itumeleng Khune has covered the distance in both his professional life, as well as his love life. He is now very much of a...

Dawn Thandeka King – Insights into the Age, Husband and Family of MaNgcobo from Uzalo

Not every actor became successful through multiple roles. Dawn Thandeka King, like some actors, achieved fame and fortune with just one role. Although the...

Nkanyiso Makhanya Did Not Make His First Uzalo Audition – Meet The Real Life Njeza

Uzalo is, without a doubt, one of the most followed South African TV shows at the moment. Just as it has become popular, it...

Zodwa Wabantu Has A Son and Has Cancelled Wedding Twice – Meet The Boyfriends She’s Dated

Anyone who has ever heard of Zodwa Wabantu, which is possibly everyone not living in the caves, will attest that she is controversial on...

Featured Today

READ
Amazing Things You Can Do On eBay South Africa

Sbahle Mpisane Didn’t Grow Up With Her Biological Mother – Meet Her Parents and Family

Sbahle Mpisane is a fitness expert, reality TV star, and social media influencer of South African origin. She rose to immense popularity after she...

Who is Sbu Mpisane? Biography of the Flamboyant Husband of Shauwn Mkhize

Sbu Mpisane was once just another police constable with hardly a name on the public space. However, he rose from being a metro police...

Who Is Gibson Makanda – Nelson’s Alternate in the Mandela Effect Conspiracy Theory?

When the name of Nelson Mandela is mentioned to the bigger part of the world, what comes to mind is a South African hero...

Sbahle Mpisane’s Road to Recovery from the Car Accident That Nearly Took Her Life

Sbahle Mpisane came to be in the world of fame as a South African fitness expert and influencer, and TV personality best known for...

Demystifying Njeza From Uzalo’s Real Name And Why People Think He Is Gay

Nkanyiso Makhanya is a South African media personality and actor who was brought to a brighter side of fame when he starred in one...
Was this article helpful?

Related Stories