What is a foreign exchange transaction in South Africa?

The Foreign Exchange Transaction can also go in the opposite direction, where you “sell” your foreign currency (be that the British Pound, US Dollars, Euros etc.) and “buy” local currency (the South African Rand). What Is A Discretionary Allowance? More on forex in South Africa specifically.

Who uses forex rates?

Our rates are trusted and used by major corporations, tax authorities, auditing firms and individuals around the world. We have over 31 years of historical data for over 38,000 forex pairs and rates from over 200 currencies, commodities, and precious metals.

Can I buy foreign currency without a branch in SA?

Improve your Tier Level and earn even more Rewards Points. As a customer living in one of SA’s major metros, you can order forex without going into a branch, and we’ll deliver it to you at work in 24 hours. Cash is king, even when travelling abroad. So it always makes sense to carry some foreign currency notes for incidentals.

How do I use Oanda's currency converter?

To use OANDA’s free currency converter, type into the relevant field currency names, 3-letter ISO currency symbols, or country names to select your currency. You can convert world currencies, precious metals, or obsolete currencies. You can also access currency exchange rates dating back to January 1990. Why use OANDA’s Currency Converter?