The South African Rand buy back rates below were last updated 6 minutes ago
Travelling to South Africa is a trip of a lifetime for many people and a long haul holiday which most people will only ever do once. If you return from your holiday in South Africa with South African Rand left over there are plenty of online currency suppliers whom will change back your South African Rand at great competitive buy back exchange rates in the UK.
In 2012 the South African Reserve Bank introduced new bank notes featuring Nelson Mandela and although there have been no reports of removing the old South African Rand notes from circulation, if you do have any and you do not plan on going back to South Africa for some time then we would advise selling them back as soon as possible.
Previously to 2012 the old South African R200 rand bank note without the image of Nelson Mandela was fraudulently counterfeited and there are apparently many of these still in circulation. As a result we would advise avoiding taking these with you to South Africa and to avoid accepting any of the old South African R200 bank notes whilst on holiday in South Africa to ensure you can easily sell these back if either unspent or if they are unwanted on your return to the UK.
The best South African Rand buy back rates can always be found online and the worst rates are usually offered by the banks and travel agents. Use our unique comparison table above to help you find the best South African Rand buy back deals and see how much you could save by selling online compared to the high street.
There are three easy steps to selling your currency back online. All of these instructions will be explained to you as you go along and we'll also email you further instructions on what to do after you've placed your order.
Enter the amount of currency you want to sell and find the best deals using our comparison table above. If you have more than one currency to sell you can add them to your order later on. Once you've found a buyer, click 'Sell Now' where you'll be asked to fill out a buy-back order form.
We'll need a few basic details from you including your contact details, the currency(ies) you would like to sell and the bank account you would like your payment sent to. Once you've completed the quick order form you'll be asked to print a copy - don't worry if you don't have a printer handy as we'll also email you a copy and you can also write your order number on a piece paper if you don't have access to a printer. At this point we'll also send a copy of your order to the buyer so they know to expect your currency.
You'll need to then post your currency and order form (or a piece of paper containing your order number) to the buyer or drop it in to them in person if you live nearby. We recommend you send you currency via Royal Mail Special Delivery as this service is fully trackable and insured for up to £2,500 (you can split larger orders up into multiple packages if necessary).
Once the buyer receives your currency they will contact you to confirm receipt and process your payment. You will then be paid directly into your bank, usually within 3 working days of them receiving your currency.
Over the past week the South African Rand buy back rate has improved by 1.65% from last Sunday's rate of 17.689 to today's rate of 17.3970 which means R2500 is worth £2.37 more today than it did a week ago. During this period the worst time to sell was on Sunday at 17.689 and the best time to sell was on Wednesday at 17.33.
The 90 day outlook has seen the South African Rand buy back rate improve by 9.15% from 19.1494 on 25th July 2016 to 17.3970 today. Based on these figures, R2500 is worth £13.15 more today than it did three months ago. The worst buy back rate we recorded was 19.739 on 1st September 2016 and the best buy back rate we recorded was 17.33 on 19th October 2016.
Posted by Matthew Weston on 21st October 2016
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