Compare pound to South Africa Rand For Sending Money to South Africa from United Kingdom

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Mid Market Rate

The mid-market rate is the midpoint between the buy and sell prices of two currencies.
Make money transfers and manage your account online 24 hours a day, 7 days a week from any device. XE Money has some best customer reviews we have ever seen, which shows that the users are satisfied with its services.
WorldRemit is an online money transfer service that provides international remittance services to expatriates and migrant workers

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About GBP and ZAR

Many participants are involved in remittances from the UK to South Africa. Such range from workers paying their employees to those sending money to their friends and relatives visiting South Africa. Many GBR has been converted into ZAR over the last decade and this explains the need for money remittance companies between these two states.

Therefore, we present our top 3 companies to use when sending money from UK to South Africa and why you should consider them as your first priorities.

Top 3 ways to transfer money from UK to South Africa.

Being financially aware of your spending habits is one of the most important life skills you have to learn in the business world. When handling money, you have to be really careful to avoid hefty losses and careless transactions. One of the ways you can avert such technicalities is if you choose the best way of sending money from UK to South Africa. The beautiful aspect of the foreign exchange world is that many companies are willing to be at your service.

The top 3 companies you can use when sending money from the UK to South Africa include:

WorldRemit: WorldRemit was specially designed with the aim of helping out expatriates and migrant workers convey and access cash easily. It however still serves the whole population since anyone can use it. Some of its outstanding features include:

  • No limits on the minimum amount of money you can transfer
  • Flexibility in terms of the sender’s payment methods
  • Competitive exchange rates and fees
  • Wide network coverage

CurrencyFair: No service provider offers a platform as interactive as CurrencyFair and that is not the best part yet. CurrencyFair offers one of the best rates in the transfer market with an added feature of choosing your own rate. Among some of the things you can also choose with this service provider are the payment option you use and the purpose for which you are making that transfer.

TransferGo: TransferGo is beautiful and seamless in its operations and mode of transfer. For a start, it is fast hence you can get your money conveyed on time to your recipient. Its fastest delivery can reach your recipient in as short as 30 minutes. Secondly, it has a low and transparent fee with no hidden charges at all. Finally, there is no limit on the minimum or maximum amount of money that you can transfer with TransferGo. You therefore can send as much money as you want without any delays.

3 important things to consider when sending money from UK to South Africa.

  1. Transfer fees and exchange rates:

    The amount of money you will have to pay to get your money sent to South Africa from the UK is an important consideration to keep in mind. Also, the GBP-ZAR should be of key importance and looked at first before making this transfer. A low GBP-ZAR transfer rate margin will make you get the most South African Rand for your Great British Pound.
  2. Minimum amount:

    The minimum amount that you would like to send can help you determine if you will get much value for your money with a certain service provider or not.
  3. Customer service:

    Always check on the type of assistance you get and see if the service provider you are considering will really be available when you need them.

FAQ's

How long will my money take before it is conveyed to South Africa?

Your money can be remitted in just a matter of minutes or take several days depending on the method of transfer that you have chosen. It is however important to know that if you wish to use the fastest way to send money from UK to South Africa then you should be prepared to pay a reasonable transfer fee.

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How can I track the progress of my transfer?

Most international money transfer service providers offer feedback mechanisms to help you track the progress of your transfers. Such can include SMS and email notifications or you can also choose to contact them directly.

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I have sent money to South Africa but it has not yet reached the recipient.

There are times when your transaction can take longer than usual especially if there is along verification process. However, if this happens, the next move that you should take is check your email or for any notification from your transfer agent. If there is nothing then you should reach their customer care and forward your complaint.

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Historical Mid Market Exchange Rate From Pound (GBP) to South Africa Rand (ZAR) (Weekly)

Current Exchange Rate(Mid Market) :- 24.13 ZAR/GBP

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion GBP To ZAR

Send Pound To SOUTH-AFRICA Receive South Africa Rand
1 GBP TO ZAR 24.13
50 GBP TO ZAR 1206.5
100 GBP TO ZAR 2413
250 GBP TO ZAR 6032.5
500 GBP TO ZAR 12065
1000 GBP TO ZAR 24130
5000 GBP TO ZAR 120650
10000 GBP TO ZAR 241300
Send South Africa Rand Receive Pound From SOUTH-AFRICA
1 ZAR FROM GBP 0.04
50 ZAR FROM GBP 2.07
100 ZAR FROM GBP 4.14
250 ZAR FROM GBP 10.36
500 ZAR FROM GBP 20.72
1000 ZAR FROM GBP 41.44
5000 ZAR FROM GBP 207.21
10000 ZAR FROM GBP 414.42

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