Overall best way: TorFx
TorFx scored the highest of the 9 money transfer companies supporting ZAR to AUD transfers.
In total, TorFx appeared in 43.1% of South Africa to Australia searches.
For a great mix of cost, speed & features, we advise using TorFx for your South Africa to Australia transfer.
How to compare companies offering money transfers from South Africa to Australia
Sending money from South Africa to Australia considerations
A comparison of providers offering services between South Africa and Australia is the easiest way to ensure the best deal.
We've compared 9 providers that offer services for sending Rand to Australia.
This ensures you will get the best options for your transfer to Australia from South Africa.
Whilst we rate TorFx as the best overall, comparing gives you a comprehensive view of all the options for transferring money from South Africa to Australia.
Cheapest way to send money from South Africa to Australia: Regency FX
On average, Regency FX fees were 0* ZAR per transfer and customers would expect an exchange rate between ZAR-AUD that is 0.19% different to the mid-market rate
Against the others tested, Regency FX is 0.2% cheaper than the second-best option.
To secure a cheap way to transfer ZAR to Australia, Regency FX is our recommendation.
*The most common fee applied to ZAR-AUD by Regency FX, based on data from the past six months.
Fastest way to transfer money to Australia from South Africa: WorldRemit.
Through our data, we found WorldRemit to be the fastest option for sending money from South Africa into Australian Dollar in 41.2% of occasions. For fast ZAR to AUD money transfers, WorldRemit comes highly recommended.
South Africa to Australia transfers with WorldRemit have an average fee of 35,928.1 ZAR.
To test that WorldRemit was the 'fastest' option we compared 9 providers. With this, we compared overall speed of sending money from South Africa to Australia made up of depositing Rands, to a money transfer account and transfer times to Australia.
When sending at speed is a priority, WorldRemit is our recommended choice for sending into Australia from South Africa.
Transferring large sums of money
Of the 9 money transfer companies tested, TorFx is the strongest option for large transfers from South Africa to Australia.
Reasons for sending large sums of money vary and include business or property purchases. But whatever the reason, sending large amounts of money from South Africa to Australia can become expensive through your bank or with the wrong provider.
TorFx is our choice for sending large sums of money to ZAR because they offer a strong all-round product.
Understanding the cost of transferring money to Australia from {countryFromName}}
Fees and exchange rates make up the total cost of sending money from Australia to Australia. Finding a company that can offer both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: The current ZAR-AUD mid-market rate is 0.0847 AUD per Rand. You will get more Australian Dollar for your Rands if you find a provider close to this number.
For context, over the last three months the ZAR-AUD mid-market rate has had a high of 0.0853, a low of 0.0803 and averaged 0.0833 AUD per Rand.
Across the 9 companies compared, the best exchange rate is with Regency FX.
Unless fees are unusually high, the exchange rate you receive on converting ZAR to AUD will be the biggest determining factor when working out the cost of transferring Rands to Australia.
Fees: Transfer fees are charged as part of the transfer. Regency FX at an average of 0 ZAR per transfer over the last 6 months, offers the lowest fees overall. We’d always recommend comparing providers for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount of Australian Dollar eventually received in Australia. You can assume that a lower cost of sending from South Africa will result in more money received in Australia.
Getting best exchange rate for transfers between Rand and Australian Dollar
Timing is essential for transferring money between ZAR and AUD. The exchange rate you secure impacts how much AUD you get for your ZAR.
The recent trends between the currencies are:
Over the past six months, the mid-market rate from ZAR to AUD has moved slightly. On average, it was 0.0833.
During this same period,there was a high of 0.0853, and a low of 0.0803.
TorFx, which is our recommended service to send money online from South Africa to Australia offers an exchange rate that is only 0.55% above the mid-market rate.
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Paying for your South Africa to Australia transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Australia and South Africa.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from South Africa to Australia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send ZAR to AUD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.