foreign exchange in south africa

Foreign Exchange in South Africa

The South African foreign exchange market is governed by Exchange Control Regulations.

The South African Reserve Bank (SARB) is mandated by National Treasury to implement foreign exchange policies and monitor the inflow and outflow of foreign exchange in South Africa.

The primary currencies traded versus the ZAR are the Euro, USD, GBP, AUD, CAD and JPY.

Foreign exchange in South Africa can only be traded through Authorised Dealer banks whilst cash notes, travellers cheques and travel cards can be purchased or sold through licenced Bureau de Changes found throughout the country.

The South African Rand (ZAR) is a free floating currency whose value is determined by supply and demand within the interbank markets.

Exchange4free assists our clients so send foreign exchange into and out of South Africa at excellent ZAR exchange rates, no swift transfer fees, zero commissions and Exchange4free also cover all inbound receiving fees charged by South African Banks.

Exchange4free guarantee the best foreign exchange rates in South Africa