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The current exchange rate for South African rand to euros is:
This converter uses indicative 'interbank' rates. See below for more details. For our exchange rates, just click 'Get a quote'.
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Sending money from South Africa to the Eurozone? People use the currency markets to send money in order to pay living costs, rent, buy a property, get hold of their South African pension, start a business or pay staff. The ZAR/EUR exchange rate converts your rand into the local euro currency.
The ZAR/EUR exchange rate has been on rocky form these past ten years, as political tensions in South Africa and the Eurozone sovereign debt crisis kept the pairing on the rocks.
The South African rand doesn’t have any widely-used nicknames, but gets its ZAR currency code from the Dutch name for it; Zuid-Afrikaanse Rand. Meanwhile, the euro is often referred to as the ‘single currency’ or the ‘common currency’.
Euro banknotes come in denominations of €5, €10, €20, €50, €100, €200 and €500 – the €500 note is no longer being produced, but is still in circulation and is still legal tender.
The South African rand is heavily influenced by the fraught domestic political situation – accusations of corruption and unethical government spending are rife, and these weigh heavily on the currency markets.
Meanwhile, the Eurozone is still tentatively recovering from the sovereign debt crisis; signs the regional economy is doing well support the euro, but signs of weakness send it lower.
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The euro has fallen to multi-month lows in recent weeks, as a continued dovish stance from the European Central Bank (ECB) puts it increasingly at odds with its global counterparts, particularly the Federal Reserve and the Bank of England (BoE).
The pound traded in a wide range on Wednesday, as a weaker-than-expected inflation reading raised questions over whether the Bank of England (BoE) will hike interest rates next month.
The pound rallied on Tuesday, being underpinned by rising bets that the Bank of England (BoE) will hike interest rates in November.
The euro spent most of last week’s session on the defensive as a clear EUR selling bias emerged.
The pound started off on strong footing on Monday on the back of Bank of England (BoE) rate speculation, before slipping again during the European trading session.
The pound euro exchange rallied again on Friday, climbing to a fresh 20-month high, amidst Bank of England (BoE) rate speculation and Brexit optimism.
Check how the South African rand is performing against other currencies around the world.
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