MoneyTransfers

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.

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June 30th, 2025
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Best money transfer companies

Send money from Iceland to South Africa

Last updated: Today
Mid-market rate as of 06/30/2025: 1 ISK = 0.146512 ZAR
Results below are based on a 983220 ISK search
0 of 2 providers
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1
WorldRemit
Recipient gets (ZAR)
R 139,974.99
Full transfer details
Visit WorldRemit
R 243 better than a typical bank*

"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.
Revolut
Recipient gets (ZAR)
R 143,334.13
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Overall best option: Revolut

Revolut is our recommended company for sending money to South Africa from ISK.

Of the 2 companies that support ISK to ZAR, Revolut offered the best combination of cost and speed.

Sending 983,220 ISK to ZAR will cost you kr2949.66 in fees, and you will receive 143,334.13 ZAR. The delivery time usually is minutes - 5 days, 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.

Revolut is the top rated company for sending money from Iceland (ISK) to South Africa (ZAR) - Revolut Screenshot 1
Revolut is the top rated company for sending money from Iceland (ISK) to South Africa (ZAR) - Revolut Screenshot 2
Revolut is the top rated company for sending money from Iceland (ISK) to South Africa (ZAR) - Revolut Screenshot 3

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

Summary of recent searches

Top rated for transfers from Iceland to South Africa
Revolut
Total number of IS - ZA providers
2
Average cheapest fees & rate
Revolut
Average fastest transfer
WorldRemit
Average transfer time
Within minutes
Best for bank transfers
Revolut

Transfer consider from Iceland to South Africa

1
Compare available providers

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 2 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.

2
Getting the best Iceland Krona-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 to South Africa from Iceland: Revolut

Revolut offers the lowest cost transfers of the 2 providers we compared.

Our data shows that Revolut is 2.34% cheaper than the second-best option.

Revolut offers this through a combination of the 2949.66 ISK fee per transfer and exchange rate between ISK-ZAR that is 0.2% different to the mid-market rate

If you want the cheapest way to send Iceland Krona to South Africa, Revolut is our recommended choice.

Revolut is the cheapest way to send money from Iceland (ISK) to South Africa (ZAR) - Revolut Screenshot 1
Revolut is the cheapest way to send money from Iceland (ISK) to South Africa (ZAR) - Revolut Screenshot 2
Revolut is the cheapest way to send money from Iceland (ISK) to South Africa (ZAR) - Revolut Screenshot 3

Fastest way to send money to South Africa from Iceland: WorldRemit.

Of the 2 companies offering Iceland to South Africa, WorldRemit is the quickest.

If you send kr983,220 with WorldRemit to South Africa, the transfer time is minutes - 2 days. 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 WorldRemit has a fee of 520 ISK.

To find the fastest company, we compared 2 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, WorldRemit is our best choice for sending into South Africa from Iceland.

WorldRemit is the fastest way to send money from Iceland (ISK) to South Africa (ZAR) - WorldRemit Screenshot 1
WorldRemit is the fastest way to send money from Iceland (ISK) to South Africa (ZAR) - WorldRemit Screenshot 2

Need to make a large transfer?

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

Revolut is the best option for large transfers of the
2 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 0.147 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 0.147 ZAR per Iceland Krona, with a low of 0.1465 and a high of 0.1476.

  • Revolut is currently offering the best exchange rate from the 2 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 2949.66 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.

Mid-market Rate
1 
=
0.146974 
ZAR

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 0.147.

  • During this period, there was a high of 0.1476, and 0.1465 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 0.2% markup against the mid-market rate.

Want to secure the best ISK-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 Iceland to South Africa!

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 2 we compared for transfers from ISK to South Africa.

    To send money from Iceland to South Africa, Revolut has a fee of 2949.66 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 .


    is the cheapest option for sending money with a debit card between Iceland and South Africa. This is of the 2 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 recommend comparing your options 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 document.

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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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