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Overall top choice: Moneycorp
Of the 8 money transfer providers we tested and reviewed, Moneycorp was a standout option for its combination of speed and cost.
Over the last six months, Moneycorp appeared in 61.8% of searches for transfers between South Africa and China.
When sending money from South Africa to China, using Moneycorp in a great option.
How to get the best deal on your South Africa to China transfer
- Always compare rates
Don't pay more than you need to. Use our live comparison tool to get an overall cost of exchange rates and fees when sending money from South Africa to China.
- Choose a provider
Select the provider that offers you the best value & service for transfers between South Africa and China.
- Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to China.
Summary of recent searches
Considerations ahead of sending money from South Africa to China
A comparison of providers offering services between South Africa and China, based on your specific transfer amount is the best way to send money with the confidence you’re getting the best price.
We’ve compared 8 providers that provide services for sending Rand to China. This ensures you will get the best options for your transfer to China from South Africa.
Whilst we rate Moneycorp as the best overall, comparing gives you a comprehensive view of all the options for transferring money from South Africa to China.
Cheapest way to send money from South Africa to China: Moneycorp
On average, Moneycorp fees were 0* ZAR per transfer and customers would expect an exchange rate between ZAR-CNY that is 1.83% different to the mid-market rate
Against the others tested, Moneycorp is 0% cheaper than the second-best option.
To secure a cheap way to transfer ZAR to China, Moneycorp is our recommendation.
*The most common fee applied to ZAR-CNY by Moneycorp, based on data from the past six months.
Fastest way to transfer money to China from South Africa: Moneycorp.
Moneycorp was the quickest way to send Rand to Yuan Renminbi in 61.8% of searches. For fast transfers between ZAR and CNY, Moneycorp comes highly recommended.
When using Moneycorp to send money from South Africa to China you can expect an average fee of 0 ZAR. Although we would recommend comparing the amount you want to send.
When testing the 'fastest' options we compared 8 money transfer providers. To test overall speed of sending money from South Africa to China we included the timeframe for depositing Rand to a money transfer account and average transfer times to China.
When sending money to China from South Africa quickly is a priority, Moneycorp is our recommended choice.
Transferring large sums of money
Of the 8 money transfer companies tested, Moneycorp is the strongest option for large transfers from South Africa to China.
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 China can become expensive through your bank or with the wrong provider.
Moneycorp is our choice for sending large sums of money to ZAR because they offer a strong all-round product.
Understanding the cost of sending money to China from South Africa
The cost of sending money from China to China, is made-up of a combination of fees and exchange rates:
The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from ZAR-CNY is 0.4028 CNY per Rand.
Finding a provider offering an exchange as close to 0.4028 as possible will ensure more Yuan Renminbi received when transferring.
For context, the ZAR-CNY mid-market rate for the past three months has averaged 0.3962 CNY per Rand. This includes a high of 0.4098, and low of 0.384.
Moneycorp currently offers the best exchange rate on transfers from South Africa to China.
For the most part the ZAR-CNY exchange rate you receive is the biggest factor impacting the cost of sending ZAR to China.
Fees: Outside of exchange rates, you may need to pay a fee to send. Moneycorp currently offers the lowest fees on transfers to China from South Africa, averaging 0 ZAR over the last 6 months. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Yuan Renminbi is the amount you started with, minus the amount you paid in the exchange and fees.
The better deal you get on exchanging Rands to CNY, paired with a low fee, means a higher total amount received in China.
How to find the best exchange rate for Rand to Yuan Renminbi
Timing is essential for sending money between ZAR and CNY. The exchange rate you secure impacts how much CNY you get for your ZAR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from ZAR to CNY has seen some fluctuation. On average, it stood at 0.3962.
During this period, the highest value recorded was 0.4098, while the lowest was 0.384.
Moneycorp, which is our recommended service to send money online from South Africa to China offers an exchange rate that is only 1.82% above the mid-market rate.
Want to secure the best ZAR-Yuan Renminbi exchange rates?
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Payment methods available to fund your South Africa to China transfer
Bank transfers
Bank transfers are often the better option for money transfers from South Africa to China.
Sending money via a bank transfer with a company such as Moneycorp for transfers from South Africa to China allows you to benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
On average, Moneycorp is the best provider for bank transfers of the 8 we tested when sending ZAR to China.
With an average fee of ZAR0 to send money from South Africa to China, Moneycorp offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from South Africa to China with a prepaid or a debit card is very simple with Instarem.
Instarem is a leader in card payments for transfers from South Africa to China, competing among a total of 8 active money transfer companies on this route.
Credit cards
When it comes to transferring money with a credit card from South Africa to China, Instarem emerges as our top choice of the 8 companies offering this service.
Beware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. Where possible, we recommend a bank transfer or debit card payment instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between China 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 China.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send ZAR to CNY.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
