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Overall best choice: Currencies Direct
We tested & reviewed dozens of money transfer providers, and Currencies Direct scored highly.
Currencies Direct appeared in 62.4% of South Africa to Germany searches, and was the top rated company out of 7 that support ZAR to EUR.
So for a great mix of cost, speed & features, make your South Africa to Germany transfer using Currencies Direct.
How to get the best deal on your South Africa to Germany transfer
Summary of recent searches
Important things to consider before sending money from South Africa to Germany
Don't settle for the first option. Always compare ways to send money from South Africa to Germany to find out about fees, speed, and reliability.
Our analysis included 7 providers that operate between South Africa and Germany.
Through this, you get a comprehensive view of all the options you have in South Africa when you need to send money to Germany.
Cheapest way to send money to Germany from South Africa: TorFx
Data collected over the past six months shows that TorFx is 0.4% cheaper than the second-best option.
The R0 transfer cost represents the most common fee for ZAR to EUR international transfers, based on data from the past six months.
If you want to secure the best rates on a ZAR to Germany transfer, make sure you pick TorFx to send your money online.
*The most common fee applied to ZAR-EUR by TorFx, based on data from the past six months.
Fastest way to send money from South Africa to Germany: CurrencyFair
Our data shows that CurrencyFair came up as the fastest way to send money from South Africa to Germany in 79.3% of searches. This makes them well suited to urgent ZAR to EUR money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from South Africa to Germany - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, CurrencyFair is your best choice at the moment. This service emerged as the quickest way to send money to Germany from South Africa in 79.3% 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 Currencies Direct.
While Currencies Direct may not always be the cheapest or fastest way to send ZAR from South Africa to Germany, it’s the provider that will keep you safe and relaxed while your money moves into EUR.
Understanding the costs involved when moving money from South Africa to Germany
When calculating the costs of money transfers between South Africa and Germany, here's what really matters:
The Mid-Market Rate: Today, the ZAR-EUR mid-market rate equals to 0.049569 EUR per Rand.
The ZAR-EUR average exchange rate for the past three months has been 0.0491 EUR per Rand, with a high of 0.0513 and a low of 0.0478.
When looking to send money, we'd recommend TorFx. On average TorFx is 0.8% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from ZAR to EUR.
How to find the best exchange rate for Rand to Euro
Timing is essential for sending money between ZAR and EUR. The exchange rate you secure impacts how much EUR you get for your ZAR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from ZAR to EUR has seen some fluctuation. On average, it stood at 0.0491.
During this period, the highest value recorded was 0.0513, while the lowest was 0.0478.
Currencies Direct, which is our recommended service to send money online from South Africa to Germany offers an exchange rate that is only 0.8% above the mid-market rate.
Want to secure the best ZAR-Euro exchange rates?
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Payment methods available to fund your South Africa to Germany transfer
Bank transfers
Bank transfers are often the default option for sending money from South Africa to Germany.
By using a money transfer company such as TorFx for transfers from South Africa to Germany, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, TorFx is the cheapest provider for bank transfers from the 7 we tested when sending ZAR to Germany.
With an average fee of ZAR0 to send money from South Africa to Germany, TorFx offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from South Africa to Germany with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from South Africa to Germany, competing among a total of 7 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from South Africa to Germany, Instarem emerges as our top choice of the 7 companies offering this service.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Germany 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 Germany.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send ZAR to EUR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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