The economical rands ZAR to euro prices are normally given when you sell them online to do a click and collect from an outlet of a currency provider around you.
Regarding to Spanish banks, almost all of them offer online booking. Some of them have a website allowing you to reserve online and collect your euros later that month. But the ZAR-EUR price you will have to pay will be, that of the day of collection, not that of the day you booked the rands ZAR to euro change.
The average ZAR-EUR currency exhange in Spain of a tourist who exchanges South African Rands to euros is normally around the equivalent to 700 euros.
If you have to change South African Rands for more than 5,999 euros in value, the supervision measures that your travel money provider will apply to you will be additional. To rephrase it, they can ask you to demonstrate the source of your South African Rands or your employment contract, etc.
Yet up to the equivalent in South African Rands of 5900 € per calendar quarter, the Spanish travel money providers do not usually ask you for more than the Spanish identity card called DNI or NIE to change South African Rands to euros.
In Spain you can sell rands from South Africa for euros fundamentally at your bank or at the currency suppliers. As a rule banks charge you a fixed fee oscillating between 2.5% and 3% with a minimum of 6 to 10 euros for each currency you do with them.
This applies when you get foreign currency and when you sell your surplus to euros. This means that if you change the equivalent of 100 euros from rands from South Africa to euros, in addition to the ZAR-EUR exchange rate of the day, you will be charged between 6 and 10 additional euros as commission. Currency providers that advertise no commission are more interesting since they do not charge you this commission.
Cambiator displays the ZAR-EUR exchange prices of the day and displays them from most to least interesting so that you can choose well where to change your rands from South Africa to euros.
There is no better or worse moment to convert rands to euros. All foreign currencies depreciate or appreciate all the time based on the other travel money they are compared with.
Therefore, if you try to sell rands for euros, the best thing you can do is make a preceding price comparison on Cambiator.
If you have rands left over upon return to Spain, head to our Sell your currency tab, introduce the South African Rand quantity you saved (banknotes only, not loose coins) and choose your city. We will display the nearest travel money provider´s stores that will acquire your remaining rands from you and the quantity of Euros they will give you in exchange.
Please acknowledge that they will just order you rands banknotes but not loose coins.
The functionning of the ZAR-EUR currency exchange is easy to comprehend. Foreign currency notes are tangible wares that circulate around the world. Some currencies, such as the dollar or the pound, are very well distributed, and other currencies not so much.
The more difficult it is to buy or sell a currency, the more expensive it will be to buy it. One of the reasons for this is that some countries restrict the how much currency you can leave the country with.
If you are planning to make a ZAR-EUR exchange, we recommend you to compare prices at the airport, at your bank and at currency provider. And what better, to check those prices at Cambiator.
As a rule, we suggest you to change your currency in safe places and where they do not charge you a fee, in addition to an exchange margin. Almost all banks in Spain and some physical currency providers will apply to you a currency exchange fee of around 3 per cent, with a minimum (whichever is higher), of 6 to 10 euros.
This means that when you exchange the equivalent of 100 euros from South African Rand to euro, additionally to an exchange margin, you will be charged a fixed commission of of 6 to 10 euros, since it is an amount higher than the 3 euros commission that would correspond to applying 3% to 100 euros. If you exchange the equivalent of 600 euros from South African Rand to euro, they would charge you a 3% commission. That is 18 euros, which is greater than the minimum of of 6 to 10 euros.
Most of the time, when you change rands ZAR to euros at your bank office, they will already know you and you will only have to identify yourself as a client of that bank.
When you change rands ZAR to euros at a travel money provider´s office, on the street or at the airport, you will have to show a valid and current identity document (passport or resident´s identity card called DNI or NIE in Spain). Take into account that the driver's license cannot be accepted as a valid document when changing rands ZAR to Euros.
To find out the best South African Rand to euro exchange rate, we suggest you carry out a simulation on Cambiator.
You will see that a column appears in the result page that claims ZAR-EUR exchange today.
Afterwards observe the number below for each currency supplier. As for banks, we present an median price, but keep in mind that practically all of them in Spain charge you, in addition to the rate, a commission of 2.5 to 3per cent usually, with a minimum of between 6 to 10 €.
The exchange rate you see is known as the South African Rand to euro direct exchange rate, and the higher that number is, the more Euros you will obtain for each South African Rand you hand in. Cambiator compares the exchange prices every day so that you obtain the best foreign exchange every day when you change rands to euros.
In Spain, presently it is safe to sell your South African Rands to euros online. Furthermore to being a very comfortable service since you change your South African Rands whenever you want, you avoid fees.
Best rate of the day (change currency to euros)