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South African rand to euros

Here you'll find everything you need to know about sending South African rand to euros, including the current exchange rate, historical charts, news and more.

ZAR to EUR transfers

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Your request has been sent to one of our expert teams.

We aim to respond to any enquiry as soon as possible. In the meantime, if there is anything else we can help you with, please let us know.

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ZAR EUR exchange rate

The current exchange rate for South African rand to euros is:

1.12747*

This converter uses indicative 'interbank' rates. See below for more details. For our exchange rates, just click 'Get a quote'.


South African rand to euro exchange rates – an introduction

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.

ZAR/EUR exchange rate movement facts

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 best exchange rate of the last ten years for ZAR/EUR was €0.1142, which was hit on the 8th January 2011.
  • During the past decade, ZAR/EUR recorded its weakest rate of €0.0542 on the 17th January 2016.

Key facts to know about the South African rand and euro currencies

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.

Causes of ZAR/EUR exchange rate fluctuations

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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