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Send money from Iceland to South Africa
"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."
"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."
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: 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 kr0 in fees, and you will receive 4,287.92 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.
Compare for the best deal on your Iceland to South Africa transfer
Always compare rates
Don't spend more than you have to. Use our live comparison tool to compare rates on money transfers from Iceland to South Africa.
Choose a provider
Pick the provider that offers you the best value & service for your needs for ISK to ZAR transfers.
Click, sign up & send
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
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 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.
Getting the best Iceland Krona-Rand exchange rate
Choose the right payment method
Financial regulators
Consider transfer limits
Consider how the money will be received
Have your ID ready
Tax declarations in South Africa
The cheapest way to send money to South Africa from Iceland is using Western Union cash transfer service.
While online transfers are usually cheaper, there are very few providers offering ISK to ZAR transfers, making cash transfer through a Western Union Agent the most practical and affordable option available.
The overall cost of your transfer includes both the transfer fee (around 3 ISK per 32,000 ISK) and the exchange rate markup applied by Western Union.
These costs can vary depending on the branch location, payment method, and the amount you’re sending, so it’s always worth checking with your branch before making a transfer.
The cheapest way to to send money to South Africa from Iceland is via PayPal P2P Transfer
The coverage of ISK/ZAR transfer options is very limited, therefore, PayPal’s P2P transfer service is one of the cheaper options you have, along with cash transfer via Western Union and MoneyGram.
With PayPals P2P transfer, the main cost is the conversion between currencies, which can go as high as % on top of the mid market rate, as well as a ISK transfer fee.
You can also opt to use a cash transfer via MoneyGram or Western Union, which are cheaper in some cases (depending on the amount, deposit method, and your branch).
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 0.1342 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 0.1347 ZAR per Iceland Krona, with a low of 0.1337 and a high of 0.136.
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 0 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 0.1347.
During this period, there was a high of 0.136, and 0.1337 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?
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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 0 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 Western Union Agent.
Western Union Agent 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 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 and review methodology.
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