Buy South African Rand | The Currency Club

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Source: compareholidaymoney.com

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*We capture the exchange rates being offered by airports and high street providers once a month and calculate what spread they are taking off the live interbank rate. We then compare that to what rates we are offering to calculate the savings you can make if you use us.

*Your potential saving has been calculated using our exchange rate and the most expensive provider's rate in the market at a given point in time.

History of the South African Rand

The rand is the official currency of South Africa and was introduced on 14 February 1961.Its name originates from the Witwatersrand the crest upon which Johannesburg is built and where the majority of South Africa's gold deposits were found. The rand is the legal tender of the widespread Monetary Area between South Africa, Swaziland and Lesotho. Even though Namibia departs itself from the Common Monetary Area, the rand is still the legal tender for Namibia. The rand is represented by the symbol "R" and it is subdivided into 100 cents with symbol representation "c". The ISO (International Organization for Standardization) 4217 code for Rand is ZAR (Zero Assumption Recovery).

If you are traveling to South Africa, The Currency Club will help you by providing the best money exchange rates for your South African Rand (ZAR) travel money.

How do I get the best pound to rand exchange rate?

First understand the exchange rate. Most banks and bureau de change in the UK will quote what one pound will equal in Rands. Therefore, always go for the highest pound to rand exchange rate. The higher the exchange rate, the more Rand you should expect to receive.

It is always best to make your initial search for the best pound to rand exchange rate online when buying South African Rand. Online providers will provide far better deals than those on offer from the banks or the High Street.

Secondly, always make sure that you calculate the overall cost of your currency. Many currency providers, bureau de change and banks hide their fee within the rate of exchange so be sure to double check the true cost. The best way to do this is to decide a fixed amount of South African Rand that you would like to buy in pounds and then use this for your point of comparison when comparing. You can also use our handy currency converter to cross check as The Currency Club uses the real interbank exchange rate on all transactions. Check how much you can save directly by considering your purchase of South African Rand directly from The Currency Club.

How much rand can I take into South Africa?

You can currently take 25,000 ZAR into South Africa. For a combination of cash and currency, the limit is USD$10,000 so if you wish to take more, you must consider declaring this at customs on entry into South Africa.

Where can I use South African Rand?

South African Rand is the official currency of South Africa. It is also used throughout Namibia, Eswatini and Lesotho

What denominations of South African Rand can I get?

South African Rand comes in 200, 100, 50, 20 and 10 notes.

How do I get South African Rand delivered?

Once you enter your requirements online, you can fetch a live pound to rand exchange rate which you can then lock in. Simply pay for your South African currency online and wait for delivery of your currency on the day you have selected by Royal Mail special delivery.

How often does the pound to rand exchange rate change?

The pound to rand exchange rate moves constantly throughout the day as it's a live interbank exchange rate. You can then lock in the exchange rate when purchasing south African Rand online.

Is it better to exchange pounds for south African rand in South Africa?

Always consider the following points before making your decision to buy South African Rand in South Africa:

If you decide to buy rand with pounds in the UK before your trip and do so by buying online, you are already comparing GBP to ZAR exchange rates from various providers all pro – actively competing for your business. The Currency Club checks its overall costs to ensure that we are the most competitive when you buy South African rand.

If you buy rand from South Africa, if it is likely that you will be in a touristic destination, then quite possibly, it will be more expensive to change pounds to Rand.

If you have to exchange pounds to rand in South Africa, then only use licensed money businesses. Always ensure that you are in a safe enclosed environment when changing money. Make sure that you compare exchange rates.

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