Key Currency is the cheapest right now for transfers from Italy. Using a bank transfer deposit into a bank deposit will get you 128,386.24 ZAR in South Africa.
For speed, Revolut is fastest, with delivery in within minutes.
| 13 of 13 providers Last updated on 10 November 2026 | |||
| Based on 7,000 EUR transfer Best companies for EUR/ZAR transfers | |||
| Promoted  Wise Pay via Bank transfer | Fee €44.24 1 EUR = 18.3896 ZAR -0.01% vs mid-market | Recipient gets R 127,913.64 Within minutes | |
Ways to receive money in South Africa with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer €44.241 EUR = 18.3896 ZAR R 127,913.64You pay€7,000.00 | |||
| Promoted  Xe Pay via Debit card | Fee €0.00 1 EUR = 18.1531 ZAR +1.28% vs mid-market | Recipient gets R 127,071.70 Minutes - 24 hours | |
Ways to receive money in South Africa with Xe when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 18.1531 ZAR R 127,071.70You pay€7,000.00 | |||
Run a live search Showing top Italy to South Africa deals for 7,000 EUR. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live EUR to ZAR rates. | |||
Run a live search These companies offer multi-currency accounts for spending ZAR. We suggest doing a live search based on how much EUR you're planning to spend in South Africa. | |||
Run a live search These are managed services with real human support for large EUR transfers. Click the link and update the transfer amount to get the best deal. | |||
| Exclusive: Special Rate for 1st Transfer  Key Currency Pay via Bank transfer | Fee €0.00 1 EUR = 18.3409 ZAR +0.25% vs mid-market | Recipient gets R 128,386.24 Minutes - 3 days | |
Ways to receive money in South Africa with Key Currency when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 3 days Free1 EUR = 18.3409 ZAR R 128,386.24You pay€7,000.00 | |||
| Exclusive: First Transfer Deal  Regency FX Pay via Bank transfer | Fee €0.00 1 EUR = 18.3372 ZAR +0.27% vs mid-market | Recipient gets R 128,360.50 Minutes - 24 hours | |
Ways to receive money in South Africa with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 18.3372 ZAR R 128,360.50You pay€7,000.00 | |||
 TorFx Pay via Bank transfer | Fee €0.00 1 EUR = 18.3317 ZAR +0.30% vs mid-market | Recipient gets R 128,321.89 Minutes - 24 hours | |
Ways to receive money in South Africa with TorFx when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 18.3317 ZAR R 128,321.89You pay€7,000.00 | |||
 OFX Pay via Bank transfer | Fee €0.00 1 EUR = 18.2949 ZAR +0.50% vs mid-market | Recipient gets R 128,064.47 Minutes - 24 hours | |
Ways to receive money in South Africa with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 18.2949 ZAR R 128,064.47You pay€7,000.00 | |||
 Currencies Direct Pay via Bank transfer | Fee €0.00 1 EUR = 18.2870 ZAR +0.54% vs mid-market | Recipient gets R 128,009.00 Minutes - 24 hours | |
Ways to receive money in South Africa with Currencies Direct when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 18.2870 ZAR R 128,009.00You pay€7,000.00 | |||
| Wise Pay via Bank transfer | Fee €44.24 1 EUR = 18.3896 ZAR -0.01% vs mid-market | Recipient gets R 127,913.64 Within minutes | |
Ways to receive money in South Africa with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer €44.241 EUR = 18.3896 ZAR R 127,913.64You pay€7,000.00 | |||
| Wise Pay via iDEAL | Fee €54.35 1 EUR = 18.3896 ZAR -0.01% vs mid-market | Recipient gets R 127,727.73 Within minutes | |
Ways to receive money in South Africa with Wise when paying by ideal. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer €54.351 EUR = 18.3896 ZAR R 127,727.73You pay€7,000.00 | |||
 CurrencyFair Pay via Bank transfer | Fee €1.36 1 EUR = 18.2110 ZAR +0.96% vs mid-market | Recipient gets R 127,452.00 Minutes - 24 hours | |
Ways to receive money in South Africa with CurrencyFair when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours €1.361 EUR = 18.2110 ZAR R 127,452.00You pay€7,000.00 | |||
 TapTap Send Pay via Debit card | Fee €0.00 1 EUR = 18.2000 ZAR +1.02% vs mid-market | Recipient gets R 127,400.00 Minutes | |
Ways to receive money in South Africa with TapTap Send when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes Free1 EUR = 18.2000 ZAR R 127,400.00You pay€7,000.00 | |||
| Pricing based on Revolut Standard plan  Revolut Pay via Bank transfer | Fee €62.80 1 EUR = 18.3282 ZAR +0.32% vs mid-market | Recipient gets R 127,146.40 Within minutes | |
Ways to receive money in South Africa with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutes €62.801 EUR = 18.3282 ZAR R 127,146.40You pay€7,000.00 | |||
| US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details. | |||
| Xe Pay via Debit card | Fee €0.00 1 EUR = 18.1531 ZAR +1.28% vs mid-market | Recipient gets R 127,071.70 Minutes - 24 hours | |
Ways to receive money in South Africa with Xe when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 18.1531 ZAR R 127,071.70You pay€7,000.00 | |||
| Xe Pay via Bank transfer | Fee €0.00 1 EUR = 18.1531 ZAR +1.28% vs mid-market | Recipient gets R 127,071.70 Minutes - 24 hours | |
Ways to receive money in South Africa with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 18.1531 ZAR R 127,071.70You pay€7,000.00 | |||
| Xe Pay via Credit card | Fee €0.00 1 EUR = 18.1531 ZAR +1.28% vs mid-market | Recipient gets R 127,071.70 Minutes - 24 hours | |
Ways to receive money in South Africa with Xe when paying by credit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 18.1531 ZAR R 127,071.70You pay€7,000.00 | |||
 Moneycorp Pay via Bank transfer | Fee €0.00 1 EUR = 18.1294 ZAR +1.40% vs mid-market | Recipient gets R 126,906.10 Minutes - 2 days | |
Ways to receive money in South Africa with Moneycorp when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days Free1 EUR = 18.1294 ZAR R 126,906.10You pay€7,000.00 | |||
| Wise Pay via Debit card | Fee €99.12 1 EUR = 18.3896 ZAR -0.01% vs mid-market | Recipient gets R 126,904.42 Within minutes | |
Ways to receive money in South Africa with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer €99.121 EUR = 18.3896 ZAR R 126,904.42You pay€7,000.00 | |||
| $0 fee on first online transfers  MoneyGram Pay via Debit card | Fee €4.99 1 EUR = 18.0549 ZAR +1.82% vs mid-market | Recipient gets R 126,384.30 Minutes - 24 hours | |
Ways to receive money in South Africa with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Card depositMinutes - 24 hoursAvailable via:Bank Debit Card €4.991 EUR = 18.0549 ZAR R 126,384.30You pay€7,004.99 Bank depositMinutes - 24 hoursAvailable via:All Banks €0.991 EUR = 17.6597 ZAR R 123,617.90You pay€7,000.99 Cash pickupMinutes - 24 hours €4.991 EUR = 17.6300 ZAR R 123,410.00You pay€7,004.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit card | Fee €4.99 1 EUR = 18.0549 ZAR +1.82% vs mid-market | Recipient gets R 126,384.30 Minutes - 24 hours | |
Ways to receive money in South Africa with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Card depositMinutes - 24 hoursAvailable via:Bank Debit Card €4.991 EUR = 18.0549 ZAR R 126,384.30You pay€7,004.99 Bank depositMinutes - 24 hoursAvailable via:All Banks €0.991 EUR = 17.6597 ZAR R 123,617.90You pay€7,000.99 Cash pickupMinutes - 24 hours €4.991 EUR = 17.6300 ZAR R 123,410.00You pay€7,004.99 | |||
| Only available via Mobile App  WorldRemit Pay via Debit card | Fee €0.00 1 EUR = 18.0469 ZAR +1.87% vs mid-market | Recipient gets R 126,328.58 Minutes - 2 days | |
Ways to receive money in South Africa with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days Free1 EUR = 18.0469 ZAR R 126,328.58You pay€7,000.00 Cash pickupMinutes - 2 days Free1 EUR = 17.5508 ZAR R 122,855.53You pay€7,000.00 | |||
| Wise Pay via Credit card | Fee €141.06 1 EUR = 18.3896 ZAR -0.01% vs mid-market | Recipient gets R 126,133.16 Within minutes | |
Ways to receive money in South Africa with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer €141.061 EUR = 18.3896 ZAR R 126,133.16You pay€7,000.00 | |||
| Pricing based on Revolut Standard plan Revolut Pay via Debit card | Fee €221.00 1 EUR = 18.3282 ZAR +0.32% vs mid-market | Recipient gets R 124,246.88 Within minutes | |
Ways to receive money in South Africa with Revolut when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutes €221.001 EUR = 18.3282 ZAR R 124,246.88You pay€7,000.00 | |||
| US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details. | |||
| $0 fee on first online transfers MoneyGram Pay via Bank transfer | Fee €0.99 1 EUR = 17.6597 ZAR +4.03% vs mid-market | Recipient gets R 123,617.90 Minutes - 24 hours | |
Ways to receive money in South Africa with MoneyGram when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hoursAvailable via:All Banks €0.991 EUR = 17.6597 ZAR R 123,617.90You pay€7,000.99 Cash pickupMinutes - 24 hours €4.991 EUR = 17.6300 ZAR R 123,410.00You pay€7,004.99 | |||
| How Our Results Work Mid-market rate: 1 EUR = 18.3869 ZAR Updates every 60 minutes. | |||
Transfer details
For a one-off EUR transfer to South Africa, I suggest picking the cheapest option which is Key Currency.
Key Currency was the cheapest on 23 of the 29 days it quoted €7,000 transfers to South Africa.
On a 7,000 EUR transfer, Key Currency delivers the most ZAR.
The best option will change depending on how much you actually send, so I suggest to get the best EUR/ZAR rate.
You have 4 ways to fund your transfer, including bank transfer, debit card, credit card, and iDEAL, as well as a Postepay card.
Sending money to South Africa from your Italian bank is usually expensive when currency conversion is involved, but many money transfer services offer SEPA deposits which are quicker and cheaper.
First time round you'll need your codice fiscale and a photo ID to verify your account.
How much EUR you send to South Africa heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.
Our analysis shows Key Currency was the cheapest in 79% of the transfers from €5,000 it quoted, and in 79% of all the transfers it quoted.
| Cheapest service | |||||
|---|---|---|---|---|---|
| €500 | 0.45% | €0.00 | R 9,155.00with debit card to bank deposit | +R 312.34 | |
| €1,000 | 0.49% | €0.00 | R 18,300.00with debit card to bank deposit | +R 412.28 | |
| €2,000 | 0.47% | €0.00 | R 36,600.00with debit card to bank deposit | +R 428.29 | |
| €5,000 | 0.30% | €0.00 | R 91,729.69with bank transfer to bank deposit | +R 1,350.52 | |
| €7,000This page | 0.25% | €0.00 | R 128,386.24with bank transfer to bank deposit | +R 1,390.88 |
Mid-market rate: 1 EUR = 18.3869 ZAR
The cheapest way to send EUR to ZAR can change every day, or stay with the same company all month.
We've compared the mid-market rate with the cheapest option each day (today it's Key Currency), across 30 days of comparisons for 7,000 EUR transfers to South Africa.
Tue, 10 Nov 2026Mid-market rateR 128,708.01 Key Currency R 128,386.24Key CurrencyR 128,386.24Regency FXR 128,360.50TorFxR 128,321.89
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.5017 | – | R 129,512.01 | |
| | 18.4555 | €0.00 | R 129,188.22 | −R 323.79 |
| | 18.4518 | €0.00 | R 129,162.32 | −R 349.68 |
| | 18.4462 | €0.00 | R 129,123.47 | −R 388.54 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.4235 | – | R 128,964.42 | |
| | 18.3774 | €0.00 | R 128,642.00 | −R 322.42 |
| | 18.3737 | €0.00 | R 128,616.21 | −R 348.21 |
| | 18.3682 | €0.00 | R 128,577.52 | −R 386.90 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.4640 | – | R 129,247.87 | |
| | 18.5100 | €0.00 | R 129,570.00 | +R 322.13 |
| | 18.4178 | €0.00 | R 128,924.75 | −R 323.12 |
| | 18.4141 | €0.00 | R 128,898.90 | −R 348.97 |
| | 18.4086 | €0.00 | R 128,860.13 | −R 387.74 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.5550 | – | R 129,885.30 | |
| | 18.5087 | €0.00 | R 129,560.59 | −R 324.71 |
| | 18.5049 | €0.00 | R 129,534.61 | −R 350.69 |
| | 18.4994 | €0.00 | R 129,495.65 | −R 389.65 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | – | – | – | |
| | 18.5700 | €0.00 | R 129,990.00 | – |
| | – | – | – | – |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.5346 | – | R 129,742.36 | |
| | 18.4883 | €0.00 | R 129,418.01 | −R 324.35 |
| | 18.4846 | €0.00 | R 129,392.06 | −R 350.30 |
| | 18.4790 | €0.00 | R 129,353.13 | −R 389.23 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.5346 | – | R 129,742.36 | |
| | 18.4883 | €0.00 | R 129,418.01 | −R 324.35 |
| | 18.4846 | €0.00 | R 129,392.06 | −R 350.30 |
| | 18.4790 | €0.00 | R 129,353.13 | −R 389.23 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.4544 | – | R 129,181.14 | |
| | 18.4083 | €0.00 | R 128,858.19 | −R 322.95 |
| | 18.4046 | €0.00 | R 128,832.35 | −R 348.79 |
| | 18.3991 | €0.00 | R 128,793.60 | −R 387.54 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.4290 | – | R 129,002.76 | |
| | 18.3829 | €0.00 | R 128,680.25 | −R 322.51 |
| | 18.3792 | €0.00 | R 128,654.45 | −R 348.31 |
| | 18.3737 | €0.00 | R 128,615.75 | −R 387.01 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.4141 | – | R 128,898.36 | |
| | 18.3680 | €0.00 | R 128,576.12 | −R 322.24 |
| | 18.3643 | €0.00 | R 128,550.34 | −R 348.02 |
| | 18.3588 | €0.00 | R 128,511.67 | −R 386.69 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.5079 | – | R 129,555.24 | |
| | 18.4616 | €0.00 | R 129,231.36 | −R 323.88 |
| | 18.4579 | €0.00 | R 129,205.44 | −R 349.80 |
| | 18.4524 | €0.00 | R 129,166.58 | −R 388.66 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.5595 | – | R 129,916.27 | |
| | 18.5131 | €0.00 | R 129,591.48 | −R 324.79 |
| | 18.5094 | €0.00 | R 129,565.50 | −R 350.77 |
| | 18.5038 | €0.00 | R 129,526.52 | −R 389.75 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.5665 | – | R 129,965.23 | |
| | 18.5500 | €0.00 | R 129,850.00 | −R 115.23 |
| | 18.5200 | €0.00 | R 129,640.31 | −R 324.92 |
| | 18.5163 | €0.00 | R 129,614.32 | −R 350.91 |
| | 18.5108 | €0.00 | R 129,575.33 | −R 389.90 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.5665 | – | R 129,965.23 | |
| | 18.5200 | €0.00 | R 129,640.31 | −R 324.92 |
| | 18.5163 | €0.00 | R 129,614.32 | −R 350.91 |
| | 18.5108 | €0.00 | R 129,575.33 | −R 389.90 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.6247 | – | R 130,372.89 | |
| | 18.5781 | €0.00 | R 130,046.96 | −R 325.93 |
| | 18.5744 | €0.00 | R 130,020.89 | −R 352.00 |
| | 18.5688 | €0.00 | R 129,981.77 | −R 391.12 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.6033 | – | R 130,223.42 | |
| | 18.5568 | €0.00 | R 129,897.86 | −R 325.56 |
| | 18.5531 | €0.00 | R 129,871.82 | −R 351.60 |
| | 18.5475 | €0.00 | R 129,832.75 | −R 390.67 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.5326 | – | R 129,728.17 | |
| | 18.4863 | €0.00 | R 129,403.85 | −R 324.32 |
| | 18.4826 | €0.00 | R 129,377.91 | −R 350.26 |
| | 18.4770 | €0.00 | R 129,338.99 | −R 389.18 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.5409 | – | R 129,786.13 | |
| | 18.4945 | €0.00 | R 129,461.67 | −R 324.46 |
| | 18.4908 | €0.00 | R 129,435.71 | −R 350.42 |
| | 18.4853 | €0.00 | R 129,396.77 | −R 389.36 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.6220 | – | R 130,354.04 | |
| | 18.6100 | €0.00 | R 130,270.00 | −R 84.04 |
| | 18.5754 | €0.00 | R 130,028.15 | −R 325.89 |
| | 18.5717 | €0.00 | R 130,002.08 | −R 351.96 |
| | 18.5661 | €0.00 | R 129,962.97 | −R 391.07 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.7356 | – | R 131,148.96 | |
| | 18.6887 | €0.00 | R 130,821.08 | −R 327.88 |
| | 18.6850 | €0.00 | R 130,794.85 | −R 354.11 |
| | 18.6794 | €0.00 | R 130,755.51 | −R 393.45 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.7356 | – | R 131,148.96 | |
| | 18.6887 | €0.00 | R 130,821.08 | −R 327.88 |
| | 18.6850 | €0.00 | R 130,794.85 | −R 354.11 |
| | 18.6794 | €0.00 | R 130,755.51 | −R 393.45 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.6518 | – | R 130,562.52 | |
| | 18.6052 | €0.00 | R 130,236.12 | −R 326.40 |
| | 18.6014 | €0.00 | R 130,210.00 | −R 352.52 |
| | 18.5958 | €0.00 | R 130,170.84 | −R 391.68 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.6304 | – | R 130,412.72 | |
| | 18.5838 | €0.00 | R 130,086.69 | −R 326.03 |
| | 18.5801 | €0.00 | R 130,060.61 | −R 352.11 |
| | 18.5745 | €0.00 | R 130,021.48 | −R 391.24 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.5580 | – | R 129,905.78 | |
| | 18.5116 | €0.00 | R 129,581.02 | −R 324.76 |
| | 18.5079 | €0.00 | R 129,555.04 | −R 350.74 |
| | 18.5023 | €0.00 | R 129,516.07 | −R 389.71 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.4168 | – | R 128,917.43 | |
| | 18.6000 | €0.00 | R 130,200.00 | +R 1,282.57 |
| | 18.3707 | €0.00 | R 128,595.14 | −R 322.29 |
| | 18.3671 | €0.00 | R 128,569.35 | −R 348.08 |
| | 18.3615 | €0.00 | R 128,530.68 | −R 386.75 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.4868 | – | R 129,407.78 | |
| | 18.4406 | €0.00 | R 129,084.26 | −R 323.51 |
| | 18.4369 | €0.00 | R 129,058.37 | −R 349.40 |
| | 18.4314 | €0.00 | R 129,019.55 | −R 388.22 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.4193 | – | R 128,934.84 | |
| | 18.5500 | €0.00 | R 129,850.00 | +R 915.16 |
| | 18.3732 | €0.00 | R 128,612.50 | −R 322.34 |
| | 18.3695 | €0.00 | R 128,586.72 | −R 348.12 |
| | 18.3640 | €0.00 | R 128,548.04 | −R 386.80 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.4203 | – | R 128,942.33 | |
| | 18.3743 | €0.00 | R 128,619.98 | −R 322.35 |
| | 18.3706 | €0.00 | R 128,594.19 | −R 348.14 |
| | 18.3651 | €0.00 | R 128,555.50 | −R 386.83 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.4494 | – | R 129,146.02 | |
| | 18.4300 | €0.00 | R 129,010.00 | −R 136.02 |
| | 18.4033 | €0.00 | R 128,823.15 | −R 322.87 |
| | 18.3996 | €0.00 | R 128,797.32 | −R 348.70 |
| | 18.3941 | €0.00 | R 128,758.58 | −R 387.44 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.3869 | – | R 128,708.01 | |
| | 18.3409 | €0.00 | R 128,386.24 | −R 321.77 |
| | 18.3372 | €0.00 | R 128,360.50 | −R 347.51 |
| | 18.3317 | €0.00 | R 128,321.89 | −R 386.12 |
| Exchange rate | Fee | Recipient gets | Difference |
|---|
| Mid-market rate | 18.3869 | – | R 128,708.01 | |
|---|---|---|---|---|
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Each line shows what the recipient gets when you send €7,000, after fees, as quoted by each company. The mid-market line shows what €7,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.
The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.
When the blue line goes above the dashed one, you're getting more ZAR per EUR than the mid-market rate can offer.
This could be due to money transfer offers, FX rate adjustments, or market competitiveness.
In the past month, a money transfer company beat the mid-market rate on 3 of the last 30 days.
Right now, Key Currency pays 128,386.24 ZAR on 7,000 EUR, which is 321.77 ZAR less than the mid-market amount.
Today's payout isn't the best this month though, since the highest receive amount was 130,821.08 ZAR.
If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.
Just because a company is the cheapest today doesn't mean it's always the best option for sending money to South Africa.
We've tracked 146 comparisons to check how often today's top companies were the cheapest across 5 amounts over the past month.
Cheapest in 57% of them
Never the cheapest
Cheapest in 33% of them
Based on 35 comparisons across 5 amounts over the last 7 days.
Cheapest in 79% of them
Never the cheapest
Cheapest in 35% of them
Based on 146 comparisons across 5 amounts over the last 30 days.
Cheapest in 90% of them
Never the cheapest
Cheapest in 16% of them
Based on 206 comparisons across 5 amounts over the last 90 days.
Different companies can come out cheapest depending on the day and the amount you send.
To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).
Today Key Currency is the cheapest, but it only quotes some of the amounts we track, so it isn't included in these figures.
13 companies send money from Italy to South Africa. You can send EUR via currency broker, app, online, multi-currency account, global business account, and in person, and more below.
Regular transfers
For the regular transfer home, an app like Wise is the easiest and most convenient option.
Over the past month, Wise was the cheapest app on 59% of the days it appeared for €7,000 transfers.
Wise charges €44.24 on a €7,000 transfer, and 127,913.64 ZAR lands in same day.
For one-off transfers
For transfers outside the euro, a bank transfer often passes through intermediary banks, and each one can take a cut along the way.
Online services skip this and use their own network (it’s much cheaper).
Wise delivers 127,913.64 ZAR on €7,000 with a €44.24 fee and -0.01% markup.
In our comparisons over the past month, it was the cheapest online service on 27 of the 29 days it quoted.
Sending large sums
Managed services charge no fees and work on margin instead, and the more you send to South Africa, the better rate you will get.
Key Currency charges no fee and adds 0.25% on EUR/ZAR rate.
Our analysis shows Key Currency was the cheapest broker in 100% of the transfers from €5,000 it quoted.
Travelling and receiving
If you travel to South Africa often, or receive payments from there, this is the best option.
Multi-currency accounts let you hold EUR and ZAR in one account, and for some currencies you also get local account details.
I suggest trying Currencies Direct.
Over the past month, it came out cheapest among multi-currency accounts on 97% of days.
It holds EUR and ZAR balances and charges small fees to convert between them.
For business payments
Global accounts are for businesses and freelancers with a partita IVA, paying suppliers abroad, invoicing foreign clients, holding a few currencies.
A few good options are Wise Business, Airwallex, and Payoneer.
With Key Currency, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending €7,000 gives your recipient 128,386.24 ZAR.
In Italy, you can pay by bank transfer, debit card, credit card, and iDEAL.
Satispay and Bancomat Pay are mainly domestic payment methods, they do not send ZAR to South Africa by themselves.
In South Africa, the recipient can use bank deposit, cash pickup, and card deposit.
In South Africa, they can collect cash through MoneyGram.
They need to take a photo ID and the collection reference to a participating MoneyGram location in South Africa.
You pay €7,000.00
R128,386
Cheapest
You pay €7,000.00
R127,728
-R659
You pay €7,000.00
R127,400
-R986
You pay €7,000.00
R127,072
-R1,315
You pay €7,004.99
R126,384
-R2,002
You pay €7,004.99
R126,384
-R2,002
You pay €7,004.99
R123,410
-R4,976
You pay €7,004.99
R123,410
-R4,976
You pay €7,004.99
R123,410
-R4,976
For a transfer from Italy, compare the amount received first. Then check whether you are making a SEPA payment, an extra-SEPA transfer or a cash-agent remittance, because each works differently.
These are the leading options for a €7,000 transfer to South Africa.
Cheapest way to send money to South Africa
The cheapest option is Key Currency, funded by bank transfer with bank deposit for the payout. Your recipient gets 128,386.24 ZAR, which is 0.02% more than the next best option.
Fastest way to send money to South Africa
The fastest option is Revolut. Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 127,146.40 ZAR, with the money arriving in within minutes.
A bonifico can move euros from your Italian bank to the transfer company through SEPA.
Companies like Key Currency then convert the money into ZAR and pay your recipient in South Africa through a local bank, a wallet, or a cash-pickup network.
SEPA may fund the transfer quickly, but the delivery time depends on the local payout method.
In Italy, the term "money transfer" often means a cash-agent shop rather than an online bank transfer.
The Banca d'Italia confirms that money remittance must be provided by a bank, electronic money institution or authorised payment institution.
Their Italian agents must appear in the OAM register.
Italian banks and transfer companies can pause a large, unusual or poorly explained payment while they check its purpose and source.
Use a clear causale and keep the document that explains the money ready.
For property proceeds, tuition or moving savings, tell the bank before the transfer is due.
If a payment-service complaint is not resolved directly, the Arbitro Bancario Finanziario is the Italian financial ombudsman route.
Every company here is regulated by Banca d’Italia or by its home country’s financial regulator.
We track 13 of them on EUR to South Africa, comparing rates, fees and the ways to pay in and collect, updated in real time on live comparisons.
In the past 30 days alone, we analysed 146 comparisons across 5 amounts.
This page covers the cheapest and fastest options for EUR/ZAR transfers. This is how we pick them:
Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.
Nothing appears without passing our review.
Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.
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