EUR to ZAR - Euro to South African Rand Converter

Convert Euro to South African Rand with real-time exchange rates

1 EUR = ~19.49 ZAR (rates vary)

Quick Insight

EUR and ZAR pair offers steady budgeting and cross-border payments with moderate swings.

Check rates daily and set alerts for large transfers.

✈️ Travel budgeting💼 Quick invoice estimates💸 Remittance estimates

Common EUR - ZAR Conversions

24h Change

+0.00%

7d Change

+0.00%

30d Change

+0.00%

1y Change

+0.00%

EUR/ZAR Historical Rate

unitconvr.com

Data from European Central Bank via Frankfurter API

Forex Market Hours

Sydney

22:00 - 07:00 UTC

Closed

Tokyo

00:00 - 09:00 UTC

Closed

London

08:00 - 17:00 UTC

Closed

New York

13:00 - 22:00 UTC

Active

Most volatile: London-NY overlap (13:00-17:00 GMT). Best spreads during high liquidity hours.

Upcoming High Impact Events

US Non-Farm Payrolls

First Friday of month

High Impact

USD pairs

ECB Rate Decision

Every 6 weeks

Medium Impact

EUR pairs

Tips & Recommendations

1Avoid airport exchange bureaus - markups can reach 10-15%
2Use ATMs with local bank cards for near mid-market rates
3Pay in local currency to avoid dynamic currency conversion (DCC)
4Notify your bank before travel to prevent card blocks

Frequently Asked Questions

Several forces drive the rate: ECB policy, SA monetary policy by the SARB, inflation differentials, commodity prices, and global risk sentiment. Trade flows and political events add to short-term volatility. Rates move as markets reassess risk and value.

Economic Context

Trading Relationship

The EU and SA maintain growing trade and investment ties. The EUR/ZAR rate influences pricing for SA exports like minerals and automotive parts, and SA services and tourism influence European costs.

Key Rate Factors

•European Central Bank policy
•South African Reserve Bank monetary policy
•Commodity prices and SA export demand
•Inflation differentials between the regions
•Global risk sentiment and flows between markets

Central Banks

European Central Bank

Frankfurt, Germany

Sets monetary policy for the euro area and targets price stability.

South African Reserve Bank

Pretoria, South Africa

Forms monetary policy, oversees financial stability, and acts as lender of last resort in SA.

Exchange rates fluctuate continuously. This converter provides indicative rates for informational purposes. For large transactions, consult with a licensed financial professional.

Rates sourced from European Central Bank reference rates. ECB Reference Rates