Our recommended choice: WorldRemit
We tested the 10 largest providers and WorldRemit stands out, winning in 47.8% of searches for its unbeatable mix of cost, speed, and user-friendliness.
Looking to send money from Spain to South Africa? WorldRemit will get the job done.
How to get the best deal on your Spain to South Africa transfer
About money transfers to South Africa from Spain
Sending money from Spain to South Africa: key insights and tips
Don't settle for the first option. Always compare ways to send money from Spain to South Africa to find out about fees, speed, and reliability.
Our analysis included 10 providers that operate between Spain and South Africa, including WorldRemit, OFX, and PayPal.
Through this, you get a comprehensive view of all the options you have in Spain when you need to send money to South Africa.
Cheap money transfer to South Africa from Spain: OFX
Data collected over the past six months show that OFX is 0.7% cheaper than the second best option.
The $0 transfer cost represents the most common fee for EUR to ZAR international transfers, based on data from the past six months.
If you want to secure the best rates on a EUR to South Africa transfer, make sure you pick OFX to send your money online.
*The most common fee applied to EUR-ZAR by OFX, calculated based on data from the past six months.
Fastest ways to send money from Spain to South Africa: TransferGo
Data shows that TransferGo came up as the fastest way to send money from Spain to South Africa in 43.5% of our searches, proving they are the best at handling urgent online money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Spain to South Africa - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
Although TransferGo is the quickest way to send money to South Africa from Spain, the average cost of this service is $0.
If you don’t need to get your money to South Africa in 1 day, remember that OFX is the one that helps you save most.
But when speed matters, TransferGo should always be your go-to choice.
Need to send over $10,000?
For those big moves, going specialist is key.
Opt for a service that specializes in large transfers when size matters. For transfers over $10,000, your best bet is WorldRemit.
While WorldRemit may not be the cheapest or fastest way to send EUR from Spain to South Africa, it’s the provider that will keep you safe and relax while your money moves and becomes ZAR.
Understanding your money transfer costs: Spain to South Africa
When it comes to calculating the costs of money transfers between Spain and South Africa, here's what really matters:
The Mid-Market Rate: Today, the EUR-ZAR mid-market rate equals to 20.442089. Keep in mind that this rate fluctuates all the time.
The AUD-JPY average exchange rate of the past three months has been 20.3706, with a highest of 20.9738 and a lowest of 19.7047.
When in doubt, use Wise. On average, Wise hovers just -0.11% above the mid-market rate.
Fees and Markups: That's where Wise shines, combining the best of both worlds: excellent EUR to ZAR rates that are only -0.11% away from the average. That's savvy transferring for you.
How to find the best exchange rate for Euro to Rand
Timing is everything when it comes to sending money between EUR and ZAR. The exchange rate you secure impacts how much ZAR you get for your EUR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from EUR to ZAR has seen some fluctuation. On average, it stood at 20.3706.
During this time, the highest value on records has been 20.9738, while the lowest has been 19.7047.
WorldRemit, which is our recommended service to send money online from Spain to South Africa offers an exchange rate that is only 0.57% above the mid-market 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 Spain to South Africa!
What payment methods are available when sending money from Spain to South Africa?
Why trust our suggestions?
We compared the cost, speed, and product offerings of the leading money transfer services available between South Africa and Spain.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
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 Spain 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.