MoneyTransfers

How to send money to South Africa from Canada with the best CAD-ZAR rate

Find the best deals when you transfer from Canada to South Africa. Get insights on the fastest, cheapest, and providers with the best CAD to ZAR exchange rates.

Read on to get the best value, expert information, and analysis on ways to send money to South Africa from Canada.

Transferring the other way? Send ZAR from South Africa to Canada instead.
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June 25th, 2025
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Best money transfer companies

Send money from Canada to South Africa

Last updated: Today
Mid-market rate as of 06/25/2025: 1 CAD = 12.92561 ZAR
Results below are based on a 10000 CAD search
0 of 16 providers
Sponsored
Wise
Recipient gets (ZAR)
R 128,240.52
Full transfer details
Visit Wise
R 2,862 better than a typical bank*

"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
Sponsored
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
Xe
Recipient gets (ZAR)
R 127,743.00
Full transfer details
Visit Xe
R 2,365 better than a typical bank*

"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions
Live Rates
Sort by:
Exclusive: Special Rate for 1st Transfer
1
Key Currency
Recipient gets (ZAR)
R 128,932.96
Full transfer details
Visit Key Currency
R 3,555 better than a typical bank*

"Key Currency offers a personal service with a dedicated account manager. There are no transfer limits or fees which is perfect for larger send amounts."

Personal account manager
Multi-currency card
Receive to bank account
Exclusive: Special Rate for 1st Transfer
2
Currencyflow
Recipient gets (ZAR)
R 128,920.03
Full transfer details
Visit Currencyflow
R 3,542 better than a typical bank*

"Currencyflow is a modern FX broker backed by industry veterans with 30+ years of currency trading experience. Contact the UK-based team for a free quote."

Personal account manager
Multi-currency card
Receive to bank account
Support via email, phone, live chat + WhatsApp
Exclusive: First Transfer Deal
3
Regency FX
Recipient gets (ZAR)
R 128,907.11
Full transfer details
Visit Regency FX
R 3,529 better than a typical bank*

"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."

Personal account manager
Multi-currency card
Receive to bank account
Professional, personal service
Rate match guarantee (T&Cs apply)
4
TorFx
Recipient gets (ZAR)
R 128,868.33
Full transfer details
Visit TorFx
R 3,490 better than a typical bank*

"TorFX's 5-star service handles most currency needs, especially relating to overseas property, emigration & retirement. Friendly phone support, no-obligation conversations & no max transfer limit."

Personal account manager
Multi-currency card
Receive to bank account
Ideal for buying property abroad
5
Currencies Direct
Recipient gets (ZAR)
R 128,511.00
Full transfer details
Visit Currencies Direct
R 3,133 better than a typical bank*

"Currencies Direct have over 30 years of global money transfer expertise. Award winning service with a TrustPilot rating of 4.9. Lock-in rates for the future or trade 24/7 on web or mobile."

Personal account manager
Multi-currency card
Receive to bank account
6
OFX
Recipient gets (ZAR)
R 128,262.00
Full transfer details
Visit OFX
R 2,884 better than a typical bank*

"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."

Personal account manager
Multi-currency card
Receive to bank account
7
Wise
Recipient gets (ZAR)
R 128,240.52
Full transfer details
Visit Wise
R 2,862 better than a typical bank*

"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
8
CurrencyFair
Recipient gets (ZAR)
R 128,165.00
Full transfer details
Visit CurrencyFair
R 2,787 better than a typical bank*

"Securely send money to and from 150+ countries and 20+ currencies. Same-day transfers avaialble on most major currencies."

Personal account manager
Multi-currency card
Receive to bank account
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
9
Xe
Recipient gets (ZAR)
R 127,743.00
Full transfer details
Visit Xe
R 2,365 better than a typical bank*

"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions
10
Remitly
Recipient gets (ZAR)
R 126,800.00
Full transfer details
Visit Remitly
R 1,422 better than a typical bank*

"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."

Personal account manager
Multi-currency card
Receive to bank account or cash pickup
11
WorldRemit
Recipient gets (ZAR)
R 124,423.11
Full transfer details

"24/7 live chat support provided in six languages. Special first transfer rates available, with airtime topup supported to many countries in Africa, Asia and South America."

Personal account manager
Multi-currency card
Receive to bank account or cash pickup
Mid-market rate updates every 60 minutes
Estimated Rates
We don't have access to live rates from these companies. Instead, we've researched their average exchange rates and fees.
Remitbee
Recipient gets (ZAR)
R 128,351.31
Not Recommended
These providers aren't as competitive as the others we've reviewed.
  • PayPal
    PayPal
    Recipient gets (ZAR)
    R 118,998.34
    Not recommended
Sponsored
Wise
Recipient gets (ZAR)
R 128,240.52
Full transfer details
Visit Wise
R 2,862 better than a typical bank*

"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
Sponsored
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
Xe
Recipient gets (ZAR)
R 127,743.00
Full transfer details
Visit Xe
R 2,365 better than a typical bank*

"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions
How effectively does your finance team manage international cash flow?

In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.

Why not take our free FX health check test to see how effective your business is in managing these. It only takes a couple of minutes.

Overall best option: Wise

Wise is our recommended company for sending money to South Africa from CAD.

Of the 16 companies that support CAD to ZAR, Wise offered the best combination of cost and speed.

Overall, Wise appeared in 100% of Canada to South Africa searches, consistently scoring as one of the best ways to send CAD to ZAR.

So for a great mix of cost, speed & features, send Canadian Dollars to South Africa using Wise.

Wise is the top rated company for sending money from Canada (CAD) to South Africa (ZAR) - Wise Screenshot

Compare for the best deal on your Canada to South Africa transfer

Summary of recent searches

Top rated for transfers from Canada to South Africa
Wise
Total number of CA - ZA providers
16
Average cheapest fees & rate
Key Currency
Average fastest transfer
Currencyflow
Average transfer time
Within minutes
Best for bank transfers
Key Currency
Best for debit card
Xe

Transfer consider from Canada to South Africa

1
Compare available providers

A comparison of providers offering services between Canada and South Africa is paramount. Based on your specific transfer amount, the best way to send money to South Africa could change. Comparing ensures the best price for your needs.

For services allowing you to send Canadian Dollar to South Africa we've compared 16 providers.

This coverage of the market ensure you will get the best options for your transfer to South Africa from Canada.

Overall, we rated Wise as the best, but remember comparing for your specific transfer gives you a comprehensive view of all the options for transferring money from Canada to South Africa.

2
Getting the best Canadian Dollar-Rand exchange rate
3
Choose the right payment method
4
Financial regulators
5
Consider transfer limits
6
Consider how the money will be received
7
Have your ID ready
8
Tax declarations in South Africa

Cheapest way to transfer money from Canada to South Africa: Key Currency

Key Currency is the cheapest way to send money to South Africa from Canada out of the 16 companies compared.

Data collected over the past week shows that Key Currency is 0.01% cheaper than the second-best option.

This includes an average transfer fee of 0* CAD an exchange rate for buying Rand with Canadian Dollars that is 0.25% different to the mid-market rate.

If you want to secure the best rates on transfers from Canada to South Africa, Key Currency will result in the most Rand received.

*The most common fee applied to CAD-ZAR by Key Currency, based on data from the past 7 days.

Key Currency is the cheapest way to send money from Canada (CAD) to South Africa (ZAR) - Key Currency Screenshot

Fastest way to transfer money to South Africa from Canada: Currencyflow.

We tested 16 companies offering transfers from Canada to South Africa and Currencyflow offered the quickest option.

Currencyflow was the quickest way to send Canadian Dollar to Rand in 100% of searches. For fast transfers between CAD and ZAR, Currencyflow comes highly recommended.

When using Currencyflow to send money from Canada to South Africa you can expect an average fee of 0 CAD. Although we would recommend comparing the amount you want to send.

When testing the 'fastest' options we compared 16 money transfer providers. To test overall speed of sending money from Canada to South Africa we included the timeframe for depositing Canadian Dollar to a money transfer account and average transfer times to South Africa.

When sending money to South Africa from Canada quickly is a priority, Currencyflow is our recommended choice.

Currencyflow is the fastest way to send money from Canada (CAD) to South Africa (ZAR) - Currencyflow Screenshot

Need to make a large transfer?

For big transfers between Canada and South Africa, competitive pricing & strong customer service are key.

Wise is the best option for large transfers of the
16 providers compared.

While Wise may not always be the cheapest or fastest way to send CAD from Canada to South Africa, it's a great provider for larger transfers for things like buying or selling property.

Understanding the cost of money transfers to South Africa from Canada

The total cost of sending money to South Africa from Canada is a mix of the mid-market, exchange rates and transfer fees.

The Mid-Market and Exchange Rates: The mid-market for CAD-ZAR is 12.924 ZAR per Canadian Dollar.

Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more Rand for your Canadian Dollars.

The CAD-ZAR mid-market rate over the last 7 days has seen the Canadian Dollar worth an average 13.2007 ZAR. Within this there has been a high of 13.5305, and a low of 12.9256.

From 16 companies compared, Wise offers the strongest exchange rates.

The biggest factor in the overall cost of sending money is the exchange rate you receive on converting CAD to ZAR.

Fees: When sending money there may be additional fees. Key Currency offers the lowest fee of the 16 providers tested, averaging 0 CAD per transfer over the past week.

Amount Received: When comparing providers, the best measure is the amount of Rand eventually received in South Africa.

This number should allow you to determine if you are getting a good deal. A higher amount of money received in South Africa, means a better overall cost of sending money from Canada.

Getting the best exchange rate for Canadian Dollar to Rand

Tracking the mid-market rate can make a huge difference when sending money CAD to ZAR. The exchange rate you secure impacts how much ZAR you get for your CAD.

Mid-market Rate
1 
=
12.928413 
ZAR

Here's some data on recent trends in the mid-market rate.

  • Over the past 7 days, the interbank rate from CAD to ZAR has seen some fluctuation. On average, it has been 13.2007.

  • During this period, the highest value level was 13.5305, with a low of 12.9256.

  • Wise, which is our recommended service to send money online from Canada to South Africa offers an exchange rate that is only -0.04% above the mid-market rate.

Want to secure the best CAD-Rand exchange rates?

Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Canada to South Africa!

Paying for your Canada to
South Africa money transfer

  • Bank transfers

    A bank transfer is often the default option for money transfers from Canada to South Africa.

    By using a money transfer company such as Key Currency to send money from Canada to South Africa, you can while benefit from lower fees and more favorable exchange rates than a bank would offer. 


    On average, Key Currency is the cheapest money transfer provider for bank transfers from the 16 we tested when sending CAD to South Africa.

    With an average fee of CAD0 to send money from Canada to South Africa, Key Currency offers a great combination of competitive exchange rates and lower fees.


  • Debit and prepaid cards

    Sending money from Canada to South Africa with a prepaid or debit card is very easy with Xe.


    Xe is a great choice for sending money with a debit card from Canada to South Africa. This is from the 16 money transfer companies compared.

  • Credit cards

    When it comes to credit card transfers from Canada to South Africa, we recommend comparing your options to get the best deal.

    Be careful of fees: using a credit card to transfer money internationally 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 South Africa and Canada.


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 Canada to South Africa.


We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to ZAR.


For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.

Money transfer company reviews

How much money can be transferred from Canada to South Africa?
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Can I send money from Canada to South Africa with MoneyTransfers.com?
What are the typical transfer fees for sending Canadian Dollars to South Africa through various providers?
How long does it take to send money from Canada to South Africa?
What is the best exchange rate I can get for sending money from Canada to South Africa?
Are there any minimum or maximum transfer amounts for sending money from Canada to South Africa?
Can I schedule regular transfers between Canada and South Africa?

Contributors

Keith Hodges
Keith is an experienced Content Specialist with a rich background in both marketing and journalism within the financial sector. At MoneyTransfers.com, Keith plays a pivotal role in driving the business forward and broadening its reach in various international money transfer markets. His expertise is a key factor in the company's expansion and success.
Luke Eales
Luke is CEO at MoneyTransfers.com, with 10 years' experience building consumer products in finance, insurance & travel. Luke focuses on the payments sector and foreign exchange markets, as well as personal finance more broadly.
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