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How much are you planning to transfer to $?
R10,000<-- Change only this cell
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Details on the calculator here:
https://investorchallenge.co.za/investing-properly-offshore-in-3-easy-steps/
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Current mid-market USD/ZAR rate
R18.23
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BanksClick FXEasy EquitiesExchange4freeRand Swiss (Note 5)Shyft
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AmountR10,000R10,000R10,000R10,000R10,000R10,000
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Basic feeR461R578R84R250R450R255
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SpreadR215R75R200R100R70R55
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TotalR676R653R284R350R520R310
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% lost to fees6.76%6.53%2.84%3.50%5.20%3.10%
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Left in ZARR9,324R9,347R9,716R9,650R9,480R9,690
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You get in USD$511$513$533N/AN/A$531
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Notes and calculations:
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1. Standard Bank: Fee of 0.5%, minimum R151, maximum of R690, SWIFT "Our" fee of R250, VAT of 15%, spread of 2.15%
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2. Click FX: Fee of R328, SWIFT "Our" fee of R250, spread of 0.75%
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3. Easy USD: Fee of 0.2% minimum of $4, VAT of 15%, spread of 2%
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4. Exchange4free: Fee of R250 for amounts under R100 000, no fee for over, spread of 1%, no transactions for less than R30 000
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5. Rand Swiss offers lower rates for people who come from here, please use this link: https://bit.ly/3X6AYA9 Fee of R450 and a spread of 0.70% for R100k - R250k, 0.60% for R250k to R500k and 0.50% for >R500K. No transactions for less than R100 000.
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6. Shyft: Fee of $14, spread of 0.55%
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