What is a Foreign Currency?
A foreign currency is the currency used by a foreign country as its recognized form of monetary exchange.
This particular currency is the only form of exchange that the applicable government allows to be used for buying and selling within its borders.
Where Can I Buy Foreign Currency In South Africa?
Currencies Direct South Africa
Address: Portside Tower, Suite 1405 14th, 4 Bree St, Cape Town, 8001, South Africa
Hours: Open ⋅ Closes 5:30 pm
Phone: +27 21 418 0105
Inter Africa Bureau de Change
Address: 196 Long St, Cape Town City Centre, Cape Town, 8000, South Africa
Hours: Open ⋅ Closes 5 pm
Phone: +27 21 421 5360
KUDA FOREIGN EXCHANGE
Address: 7th Floor, Menlyn Central Office Building, 125 Dallas Ave, Waterkloof Glen, Pretoria, 0010, South Africa
Hours: Open ⋅ Closes 4:30 pm
Phone: +27 12 010 0916
Inter Africa Bureau De Change Kempton Place
Address: 12 Pretoria Rd, Kempton Park, 1627, South Africa
Areas served: O.R. Tambo
Hours: Open ⋅ Closes 5 pm
Phone: +27 72 062 6760
Exchange4free – South Africa
Address: 4th floor, Eastgate Office Towers, 43 Bradford Rd, Bedfordview, Johannesburg, 2007, South Africa
Hours: Open ⋅ Closes 5 pm
Phone: +27 11 453 7818
How to buy foreign currency in South Africa?
If you’re traveling cross border within 60 days* and have your ID document/passport and travel ticket where applicable, you can place your foreign currency order at your nearest in-branch forex outlet. You don’t need to have a bank account with us to order forex in-branch.
Which bank is best for foreign exchange in South Africa?
FNB has been awarded as the Best Foreign Exchange Provider in South Africa for the sixth year in a row in the annual World’s Best Foreign Exchange Provider Awards hosted by the Global Finance Magazine.
How long can I keep foreign currency in South Africa?
Travelers may not use the foreign currency they purchase for any purpose other than stated or declared upon purchase. Travelers must convert unused foreign exchange to rand within 30 days of returning to South Africa.
What documents do I need to exchange foreign currency in South Africa?
Where do I start?
- Valid Passport.
- Proof of travel, Air ticket (departure within 60 days)
- Proof of address.
Is it illegal to carry foreign currency in South Africa?
Excess currency in terms of the South African Reserve Bank (SARB), Exchange Control Regulation is any amount in excess of R25 000 or any foreign currency that is convertible to Rand in excess of R25 000.
Travelers must obtain written permission from the SARB before entering or leaving South Africa with excess currency.