Overall best choice: WorldRemit
We tested & reviewed dozens of money transfer providers, and WorldRemit scored highly.
WorldRemit appeared in 66.8% of South Africa to Nigeria searches, and was the top rated company out of 3 that support ZAR to NGN.
So for a great mix of cost, speed & features, make your South Africa to Nigeria transfer using WorldRemit.
How to get the best deal on your South Africa to Nigeria transfer
Important things to consider before sending money from South Africa to Nigeria
Don't settle for the first option. Always compare ways to send money from South Africa to Nigeria to find out about fees, speed, and reliability.
Our analysis included 3 providers that operate between South Africa and Nigeria.
Through this, you get a comprehensive view of all the options you have in South Africa when you need to send money to Nigeria.
Cheapest way to send money to Nigeria from South Africa: WorldRemit
Data collected over the past six months show that WorldRemit is 0% cheaper than the second-best option.
The R10 transfer cost represents the most common fee for ZAR to NGN international transfers, based on data from the past six months.
If you want to secure the best rates on a ZAR to Nigeria transfer, make sure you pick WorldRemit to send your money online.
*The most common fee applied to ZAR-NGN by WorldRemit, based on data from the past six months.
Fastest way to send money from South Africa to Nigeria: WorldRemit
Our data shows that WorldRemit came up as the fastest way to send money from South Africa to Nigeria in 68.8% of searches. This makes them well suited to urgent ZAR to NGN money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from South Africa to Nigeria - 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 Nigeria from South Africa in 68.8% 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 WorldRemit.
While WorldRemit may not always be the cheapest or fastest way to send ZAR from South Africa to Nigeria, it’s the provider that will keep you safe and relaxed while your money moves into NGN.
Understanding the costs involved when moving money from South Africa to Nigeria
When calculating the costs of money transfers between South Africa and Nigeria, here's what really matters:
The Mid-Market Rate: Today, the ZAR-NGN mid-market rate equals to 57.956355 NGN per Rand. Keep in mind that this rate fluctuates all the time.
The ZAR-NGN average exchange rate of the past three months has been 58.9104 NGN per Rand, with a high of 86.6788 and a low of 40.528.
Fees and Markups: That's where HSBC shines, combining the best of both worlds: excellent ZAR to NGN rates that are only 3.25% away from the average.
How to find the best exchange rate for Rand to Naira
Timing is essential sending money between ZAR and NGN. The exchange rate you secure impacts how much NGN you get for your ZAR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from ZAR to NGN has seen some fluctuation. On average, it stood at 58.9104.
During this period, the highest value recorded was 86.6788, while the lowest was 40.528.
WorldRemit, which is our recommended service to send money online from South Africa to Nigeria offers an exchange rate that is only -10.05% above the mid-market rate.
Want to secure the best ZAR-Naira exchange rates?
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Payment methods available to fund your South Africa to Nigeria transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria 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 Nigeria .
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send ZAR to NGN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.