|Currency Supplier||You'll Receive||Buy Back Rate||Customer Rating||Order Online|
|£106.50Appx. Postage £6.70||1 ZAR = 0.0426 GBP23.4732||3606 Reviews||Sell Now|
The Currency ClubSell Now
The Currency Club's travel money service makes ordering online easy and efficient. We offer the best foreign exchange rates on global currencies, charge zero commission and offer a free delivery on every travel money transaction you make. The more you order, the better the rate you'll receive.
|£106.50Appx. Postage £6.70||1 ZAR = 0.0426 GBP23.4732||1920 Reviews||Sell Now|
With over 35 years experience in the foreign exchange sector, Sterling has established an excellent reputation for offering the best exchange rates and excellent customer service to a long standing and ever expanding clientele.
|£105.70Appx. Postage £6.70||1 ZAR = 0.0423 GBP23.6525||8927 Reviews||Sell Now|
Currency Online GroupSell Now
Currency Online Group specialise in providing travel money and currency buy back services. We offer exclusive, enhanced currency Buyback rates to Compare Holiday Money customers that you won't find anywhere else, both services can be done either via postal service or in person at our new Waterloo Kiosk.
|£99.44Appx. Postage £6.70||1 ZAR = 0.0398 GBP25.1418||31 Reviews||Sell Now|
Manor FXSell Now
Since 2019, Manor FX buy and sell over 150 currencies from Albania to Zambia. Closed currencies? Off the beaten track? We've got you covered. We buy and sell travel money for currencies not offered by others, at great rates with no commission. Delivered fast with Royal Mail Special Delivery.
If you're selling South African rand, you want to exchange rate to be as low as possible because the amount of money you'll receive is calculated by dividing the amount of South African rand you have by the buy back rate.
The South African rand buy back rate is currently 29.25% higher than it was 90 days ago, having increased from 18.1616 on the 15th January to 23.4732 today. This means R2500 are worth £31.15 less today than they did back in January. During this period, the lowest rate we recorded was 18.1616 on the 15th January and the highest rate was 24.0074 on the 5th April.
For more historical South African rand buy back rates dating back over years, see our South African rand to British pound exchange rate history page.
Whether you're looking to sell currency, buy travel money or send funds overseas; we've got all of your currency needs covered. You're currently looking at our South African rand buy back page, but we have range of other products and services that you might also be interested in:
We compare dozens of UK currency suppliers to bring you the best South African rand travel money rates. Order online for great exchange rates, free home delivery and no commission.
A secure and flexible alternative to cash. Open an account, add funds to your card and use it anywhere in South Africa or the rest of the world at the fraction of the cost of traditional UK bank cards.
Our unique Click & Collect service can help you to find your nearest currency supplier so you can order online and pick your currency up in-store or at the airport.
Right now, the best South African rand to pound buy back rate is 23.4732 based on our comparison of 4 UK currency suppliers which is equal to £0.04 per South African rand. The worst buy back rate is 25.1418 (£0.04 per South African rand).
The difference between the best (lowest) and worst (highest) South African rand rate is 6.64%. If you were selling R2500, you'd get £7.07 more by going with the best offer.
The best time to sell South African rand is when the South African rand buy back rate is low. This is because the amount of pounds you receive for your South African rand is calculated by dividing the amount of South African rand you have by the buy back rate.
In this example, you'll see the lower buy back rate yields more pounds for R2500 compared to the higher rate:
R2500 / 23.4732 = £106.50
R2500 / 25.1418 = £99.44
Think of it like this: it's a good time to sell South African rand when it's a bad time to buy them! This is because when you buy South African rand you want the exchange rate to be as high as possible (since the amount of South African rand you receive is calculated by multiplying your pounds by the exchange rate) but when you sell South African rand you want the opposite to be true.
Use our historical South African rand buy back rate chart above to determine if now is a relatively good time to sell. Ultimately though, don't worry about trying to pick the perfect time to sell because it doesn't make a huge difference to the amount you'll receive unless you're selling tens or hundreds of thousands of pounds worth of South African rand (in which case you'll probably want to use a money transfer service).
The rate at which a currency supplier will exchange your South African rand back into pounds is called the South African rand buy back rate, and as you would expect this rate varies from supplier to supplier and changes frequently throughout the day. You can calculate the amount of pounds you'll receive for your South African rand by dividing the amount of South African rand you have by the supplier's buy back rate.
For example, to calculate the value of R1 you simply divide it by the buy back rate:
R1 / 23.4732 = £0.04
In other words, you'd get £0.04 for each South African rand you sell.
We have performed all of these calculations for you in the comparison table above so you can see exactly how much each supplier is offering based on their current South African rand buy back rate.
We found 4 suppliers in the UK who are currently exchanging South African rand to pounds including: Sterling, Currency Online Group and The Currency Club.
Most high street currency suppliers who sell South African rand will also buy them back off you, but the process isn't always straightforward. Some suppliers will only buy back currency that they originally sold you in the first place (and you'll need to provide a receipt as proof), or you might be limited to the amount of South African rand you can exchange back to pounds in a single order.
Our currency partners listed above are different because they will buy any South African rand sent to them by post (or taken in person if you live nearby) without limits and with no proof of purchase necessary apart from the usual ID and source of funds checks. If you place your buyback order online, you'll also get a much better buy back rate than if you walked in off the street unannounced.
Visit a supplier's website for more information on their specific process for buying back South African rand, a list of their store locations and postage instructions.
You cannot deposit South African rand directly into your UK bank account but you can swap your South African rand for pounds and deposit them that way. The most cost-effective way of doing this depends on the South African rand you want to deposit:
Some banks will allow you to exchange South African rand to pounds over the counter and deposit them directly into your account, but bear in mind the buy back rate you receive will often be horrendous so only use this option if you are desperate or have a very small amount to exchange.
Most currency suppliers will not buy back South African rand coins because they are expensive to post and difficult to exchange. We've indicated which South African rand notes and coins each supplier accepts in their extended descriptions which you can see by clicking 'More Details' in the results table above.
If you're stuck with some South African rand coins that you can't exchange back, here are a few suggestions on what you can do with them:
When posting your South African rand, we recommend you use Royal Mail's Special Delivery service which is fully insured and guaranteed to arrive on the next working day. Packages sent by Special Delivery go through a more secure process than regular mail and can be tracked from the moment they enter the system right up to the point of delivery where they must be signed for by the supplier. It is very rare for Royal Mail to lose a Special Delivery package, but in the unlikely event this does happen Royal Mail will refund you the entire insured amount plus postage costs. You can also reclaim your postage costs if Royal Mail do not deliver your currency on time.
When you purchase Special Delivery you'll be given an option to insure your package for up to £2,500 and you'll be given a receipt which contains a tracking number and proof of postage. If you are sending more than £2,500 worth of South African rand, you can split them up into multiple packages and insure each package for an appropriate amount.
The cost of Special Delivery varies depending on the amount you've insured the package for, but we estimate this cost for you in our comparison results above. You should ensure that your South African rand are securely packaged before you post them; we recommend you use a plastic tamper-proof envelope that you can obtain from the Post Office when you purchase Special Delivery. If you are in any doubt, just ask the Post Office clerk to check your package before you send it and they will advise you on whether it is suitably packaged and insured.
For orders sent by post you'll be paid by Bank Transfer within 3 working days from the day you currency is received. For orders exchanged in person you'll be paid immediately in cash.
The South African rand buy back rate you receive will be the prevailing rate on the day your currency is received. This rate does not usually change significantly from day to day but it does mean you may receive slightly more or slightly less than the amount quoted today.
If you're unhappy with the final amount received, you can dispute this will the supplier and arrange to have your currency returned.
Every so often, a country will update it's currency and issue a new set of notes or coins whilst simultaneously withdrawing the old ones. The withdrawn currency is usually accepted for a while after the issue of the new currency to allow a for graceful transition to take place, but eventually the old currency will cease to become legal tender. Once this happens, the old currency cannot usually be exchanged.
If you're unsure whether the South African rand you have can still be exchanged, we recommend you contact the supplier beforehand and they will gladly help you to determine whether your notes can be accepted.