How To Exchange Foreign Currency In South Africa

Below is How To Exchange Foreign Currency In South Africa

How do you change foreign currency in South Africa?

Proof of ID and passport.

Proof of travel, where applicable.

Proof of residence, no older than three months.

You don’t have to have a banking account with a particular banking institution to exchange Forex in-branch.

Which bank is best for foreign exchange in South Africa?


Provider in South Africa. FNB has been globally recognized as the Best Foreign Exchange Provider in South Africa for the fourth year running in the annual World’s Best FX Provider awards hosted by Global Finance Magazine.

Is it better to exchange money in South Africa?

In some African countries, you may get better rates by exchanging money in your home country before you leave for South Africa.

Withdrawing cash from a South African bank ATM is always a good way to obtain ZAR at a fair exchange rate.

What is the best currency to use in South Africa?


The best foreign currencies to bring in cash are US dollars, euros, or British pounds, but a debit or credit card will be more useful, as most businesses only accept rand. Cash is readily exchanged at banks and foreign exchange bureaus in the cities.