How to send money to South Africa from Iceland with the best ISK-ZAR rate
Find the best deals when you transfer from Iceland to South Africa. Get insights on the fastest, cheapest, and providers with the best ISK to ZAR exchange rates.
Read on to get the best value, expert information, and analysis on ways to send money to South Africa from Iceland.
"Revolut has 70+ million customers globally. You can hold up to 25+ currencies in the app and send money quickly in 25+ currencies to 140+ countries."
"Revolut has 70+ million customers globally. You can hold up to 25+ currencies in the app and send money quickly in 25+ currencies to 140+ countries."
US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
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Overall best option: Revolut
Of the 4 companies that support ISK to ZAR, Revolut offered the best combination of cost and speed.
Sending 32,000 ISK to ZAR will cost you kr417 in fees, and you will receive 4,258.51 ZAR. The delivery time usually is within minutes, but can be longer depending when you make the transfer.
So for a great mix of cost, speed & features, send Iceland Kronas to South Africa using Revolut.
Compare for the best deal on your Iceland to South Africa transfer
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Don't spend more than you have to. Use our live comparison tool to compare rates on money transfers from Iceland to South Africa.
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Follow the steps & make your transfer. Your funds will soon be heading to South Africa.
Summary of recent searches
Transfer consider from Iceland to South Africa
A comparison of providers offering services between Iceland 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 Iceland Krona to South Africa we've compared 4 providers.
This coverage of the market ensure you will get the best options for your transfer to South Africa from Iceland.
Overall, we rated Revolut as the best, but remember comparing for your specific transfer gives you a comprehensive view of all the options for transferring money from Iceland to South Africa.
Cheapest way to transfer money to South Africa from Iceland: Revolut
Our data shows that Revolut is 7.88% cheaper than the second-best option.
Revolut offers this through a combination of the 417 ISK fee per transfer and exchange rate between ISK-ZAR that is 0.78% different to the mid-market rate
If you want the cheapest way to send Iceland Krona to South Africa, Revolut is our recommended choice.
Fastest way to send money to South Africa from Iceland: Revolut.
If you send kr32,000 with Revolut to South Africa, the transfer time is within minutes. This is currently the fastest option, but can vary depending on how much ISK you send to South Africa.
Sending money from Iceland to South Africa through Revolut has a fee of 417 ISK.
To find the fastest company, we compared 4 money transfer providers for the overall speed of sending money from Iceland to South Africa. This was made up of depositing Iceland Krona to a money transfer account and transfer times to South Africa.
When looking for the fastest money transfer, Revolut is our best choice for sending into South Africa from Iceland.
Need to make a large transfer?
Revolut is the best option for large transfers of the 4 providers compared.
While Revolut may not always be the cheapest or fastest way to send ISK from Iceland to South Africa, it's a great provider for larger transfers for things like buying or selling property.
Understanding the cost of sending money from Iceland to South Africa
Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Iceland to South Africa.
The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Rand for your Iceland Krona. The current ISK-ZAR mid-market rate is 0.1357 ZAR per Iceland Krona.
This rate changes regularly so it can pay to track it. For comparison, the ISK-ZAR mid-market rate for the past 7 days has averaged 0.1369 ZAR per Iceland Krona, with a low of 0.1359 and a high of 0.1374.
Revolut is currently offering the best exchange rate from the 4 companies compared.
Often the ISK-ZAR exchange rate you pay is the biggest cost factor when transferring Iceland Kronas to South Africa.
Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Iceland Krona you’re sending to South Africa. Revolut currently has the lowest fees for transfers into ZAR of just 417 ISK. We always recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Rand is the biggest indicator of the total cost of sending money to South Africa from Iceland. The bigger the amount received in South Africa, the lower the overall cost of sending from Iceland.
The best exchange rate for Iceland Krona to Rand transfers
When sending money between ISK and ZAR getting a good deal on an exchange rate is essential. The exchange rate you secure impacts how much ZAR you get for your ISK.
Here's how the mid-market rate has performed recently, which will impact the overall cost of the exchange rate.
In the past week, the mid-market rate from ISK to ZAR has been 0.1369.
During this period, there was a high of 0.1374, and 0.1359 being the lowest point.
Revolut, which is our recommended service to send money online from Iceland to South Africa offers an exchange rate with a 0.78% markup against the mid-market rate.
Want to secure the best ISK-Rand exchange rates?
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How to pay for money transfers between Iceland and South Africa
Bank transfers
Bank transfers are often fastest, cheapest and best way to send money from Iceland to South Africa.
Using a money transfer company such as Revolut for transfers from Iceland to South Africa, will mean being able to send money via a bank transfer while benefiting from lower fees and more favorable exchange rates.
On average, Revolut is the cheapest provider for bank transfers of the 4 we compared for transfers from ISK to South Africa.
To send money from Iceland to South Africa, Revolut has a fee of 417 ISK.
Debit cards and prepaid options
Sending money from Iceland to South Africa with a debit card or a prepaid card is very simple with Revolut.
Revolut is the cheapest option for sending money with a debit card between Iceland and South Africa. This is of the 4 money transfer companies offering debit card payments on this route.
Credit cards
When it comes to credit card transfers from Iceland to South Africa, we to get the best deal.
Be aware of fees: 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 South Africa and Iceland.
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 Iceland to South Africa.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send ISK to ZAR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
Related transfer routes
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Send money to South Africa
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Can I send money from Iceland to South Africa with MoneyTransfers.com?
What are the typical transfer fees for sending Iceland Kronas to South Africa through various providers?
How long does it take to send money from Iceland to South Africa?
What is the best exchange rate I can get for sending money from Iceland to South Africa?
Are there any minimum or maximum transfer amounts for sending money from Iceland to South Africa?
Can I schedule regular transfers between Iceland and South Africa?
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