Overall best choice: TorFx
We tested & reviewed dozens of money transfer providers, and TorFx scored highly.
TorFx appeared in 71.4% of South Africa to Canada searches, and was the top rated company out of 6 that support ZAR to CAD.
So for a great mix of cost, speed & features, make your South Africa to Canada transfer using TorFx.
How to get the best deal on your South Africa to Canada transfer
Important things to consider before sending money from South Africa to Canada
Don't settle for the first option. Always compare ways to send money from South Africa to Canada to find out about fees, speed, and reliability.
Our analysis included 6 providers that operate between South Africa and Canada.
Through this, you get a comprehensive view of all the options you have in South Africa when you need to send money to Canada.
Cheapest way to send money to Canada from South Africa: Key Currency
Data collected over the past six months show that Key Currency is 0.1% cheaper than the second-best option.
The R0 transfer cost represents the most common fee for ZAR to CAD international transfers, based on data from the past six months.
If you want to secure the best rates on a ZAR to Canada transfer, make sure you pick Key Currency to send your money online.
*The most common fee applied to ZAR-CAD by Key Currency, based on data from the past six months.
Fastest way to send money from South Africa to Canada: WorldRemit
Our data shows that WorldRemit came up as the fastest way to send money from South Africa to Canada in 88.9% of searches. This makes them well suited to urgent ZAR to CAD money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from South Africa to Canada - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, WorldRemit is your best choice at the moment. This service emerged as the quickest way to send money to Canada from South Africa in 88.9% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is TorFx.
While TorFx may not always be the cheapest or fastest way to send ZAR from South Africa to Canada, it’s the provider that will keep you safe and relaxed while your money moves into CAD.
Understanding the costs involved when moving money from South Africa to Canada
When calculating the costs of money transfers between South Africa and Canada, here's what really matters:
The Mid-Market Rate: Today, the ZAR-CAD mid-market rate equals to 0.071646 CAD per Rand. Keep in mind that this rate fluctuates all the time.
The ZAR-CAD average exchange rate of the past three months has been 0.0729 CAD per Rand, with a high of 0.0748 and a low of 0.0713.
Fees and Markups: That's where Key Currency shines, combining the best of both worlds: excellent ZAR to CAD rates that are only 0.24% away from the average.
How to find the best exchange rate for Rand to Canadian Dollar
Timing is essential sending money between ZAR and CAD. The exchange rate you secure impacts how much CAD you get for your ZAR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from ZAR to CAD has seen some fluctuation. On average, it stood at 0.0729.
During this period, the highest value recorded was 0.0748, while the lowest was 0.0713.
TorFx, which is our recommended service to send money online from South Africa to Canada offers an exchange rate that is only 0.25% above the mid-market rate.
Want to secure the best ZAR-Canadian Dollar exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from South Africa to Canada!
Payment methods available to fund your South Africa to Canada transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Canada and South Africa.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
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 Canada .
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send ZAR to CAD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.