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Send money from Portugal to South Africa
"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."
"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."
"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."
"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."
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"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."
"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."
"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."
"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."
"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."
"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."
"Securely send money to and from 150+ countries and 20+ currencies. Same-day transfers avaialble on most major currencies."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Card-to-card transfers can be received in just two minutes."
PayPalRecipient gets (ZAR)R 134,059.30Not recommended
"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."
"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."
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
Of the 17 companies that support EUR to ZAR, Wise offered the best combination of cost and speed.
Sending 7,000 EUR to ZAR will cost you €56.42 in fees, and you will receive 144,427.85 ZAR. The delivery time usually is same day, but can be longer depending when you make the transfer.
So for a great mix of cost, speed & features, send Euros to South Africa using Wise.
Compare for the best deal on your Portugal 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 Portugal to South Africa.
- Choose a provider
Pick the provider that offers you the best value & service for your needs for EUR 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 Portugal to South Africa
A comparison of providers offering services between Portugal 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 Euro to South Africa we've compared 17 providers.
This coverage of the market ensure you will get the best options for your transfer to South Africa from Portugal.
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 Portugal to South Africa.
Cheapest way to transfer money from Portugal to South Africa: Key Currency
Data collected over the past week shows that Key Currency is 0.01% cheaper than the second-best option.
This includes the transfer fee of 0 EUR an exchange rate for buying Rand with Euros that is 0.25% different to the mid-market rate.
If you want to secure the best rates on transfers from Portugal to South Africa, Key Currency will result in the most Rand received.
Fastest way to send money to South Africa from Portugal: Wise
The transfer time is same day with Wise for a €7,000 transfer, but it will depend on the time, day of the week, and the amount you send.
A EUR-Rand transfer through Wise comes with a 56.42 EUR fee (based on a €7,000 transfer).
To ensure Wise was the 'fastest' option we compared 17 providers. This comparison was for overall speed of sending money from Portugal to South Africa and is a combination of depositing Euro, transfer times to South Africa and withdrawal timeframes where applicable.
When speed is a priority, Wise is the top choice for sending into South Africa from Portugal.
Need to make a large transfer?
Wise is the best option for large transfers of the 17 providers compared.
While Wise may not always be the cheapest or fastest way to send EUR from Portugal to South Africa, it's a great provider for larger transfers for things like buying or selling property.
Understanding the cost of sending money to South Africa from Portugal
The cost of sending money from South Africa to South Africa, is made-up of a combination of fees and exchange rates:
The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from EUR-ZAR is 20.7366 ZAR per Euro.
Finding a provider offering an exchange as close to 20.7366 as possible will ensure more Rand received when transferring.
For context, the EUR-ZAR mid-market rate for the past 7 days has averaged 20.8803 ZAR per Euro. This includes a high of 20.9631, and low of 20.7616.
Wise currently offers the best exchange rate on transfers from Portugal to South Africa.
For the most part the EUR-ZAR exchange rate you receive is the biggest factor impacting the cost of sending EUR to South Africa.
Fees: Outside of exchange rates, you may need to pay a fee to send. Key Currency currently offers the lowest fees on transfers to South Africa from Portugal. They charge 0 EUR per transfer.
Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Rand is the amount you started with, minus the amount you paid in the exchange and fees.
The better deal you get on exchanging Euros to ZAR, paired with a low fee, means a higher total amount received in South Africa.
Finding the best exchange rate for Euro to Rand
Timing is essential for sending money between EUR and ZAR. The exchange rate you secure impacts how much ZAR you get for your EUR.
Over the last week, here’s what we’ve seen:
The exchange rate from EUR to ZAR averaged 20.8803 ZAR.
The highest value recorded was 20.9631 ZAR, while the lowest was 20.7616 ZAR.
There are currently 17 providers offering transfers between Portugal and South Africa close to this rate
Want to secure the best EUR-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 Portugal to South Africa!
How to pay for money transfers between Portugal and South Africa
Bank transfers
Bank transfers are often fastest, cheapest and best way to send money from Portugal to South Africa.
Using a money transfer company such as Key Currency for transfers from Portugal 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, Key Currency is the cheapest provider for bank transfers of the 17 we compared for transfers from EUR to South Africa.
To send money from Portugal to South Africa, Key Currency has a fee of 0 EUR.
Debit cards and prepaid options
Sending money from Portugal to South Africa with a debit card or a prepaid card is very simple with Wise.
Wise is the cheapest option for sending money with a debit card between Portugal and South Africa. This is of the 17 money transfer companies offering debit card payments on this route.
Credit cards
When it comes to credit card transfers from Portugal 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 Portugal.
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 Portugal to South Africa.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send EUR 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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