Currency Converter

Introduction

Foreign exchange is a key component of the international trade environment. With hundreds of currencies in use throughout the world, it is necessary to be able to convert these currencies into South Africa rands or perhaps one of the major 'hard' currencies such as the US dollar, the British pound, the euro, the Swiss franc or the Japanese yen, and/or visa versa. To be able to do this, you will need to make use of a currency converter. In this section, we provide links to some of the better currency converters available, as well as to the exchange rate pages on the major South African banks. There are also links to other relevant currency-related information.

General currency converters

• Oanda FXConverter Oanda one of the more popular online currency converters and incorporates most of the better-known currencies in use throughout the world (including the SA rand). We believe that this is the currency converter of choice. It incorporates most of the world's currencies and you can personalise this facility and even check a currency on a given date - nice to see what the history of a currency was - a nice reference facility. In additional, Oanda offers currency cross-rates for up to 20 currencies; historical currency exchange rates for periods of your choosing; the ability to print travellers' currency cheat sheets; as well as a bunch of other business tools.
• My Currency Transfer
  This site features a currency converter with up-to-date exchange rates plus a table of the main currency values.
• XE.com Universal Currency Converter
  The XE.com Universal Currency Converter (UCC) is is another of the 'biggies' and is a popular currency converter used throughout the world. If you need to convert one of the more obscure currencies, the XE has a 'full' version listing every known currency in the world (more than 180 curencies in 250 geographical locations). Click here to access the full version.
• X-rates
  X-rates is another currency converter tool. It offers currency tables where one currency can be listed against a host of other currencies and you can also access historical currency data. It is not nearly as comprehensive as the above two converters, however.
• Convert-it Still another currency converter. This service offers a basic converter, converting one currency to another, as well converting one currency amount into all other currencies and creating a currency cross-table. Like X-rates, however, this converter is simply not as good as XE or Oanda.
• GoCurrency Yet another currency converter. GoCurrency is an easy-to-use service with a nice internface. We particularly like the fact that you can access information on the currencies (woth photos) of most countries around the world, with an overview of the currency, country credit ratings, combined with a basic economic overview of the counbtry.

  Currency rates at South African banks

• Standard Bank
• Absa Bank
• Nedbank
• American Express
• Rennies Bank
• Mastercurrency

  Additional forex links

• Learning about foreign exchange
• Exchange control in South Africa
• Understanding exchange rate tables [see top drop-down on GoCurrency.com] Learn more about currencies of the world.

  Other converters

  SARS Rates of exchange - Have look at the exchange rate converter used by SARS - although this is more applicable on imported goods into SA
• Conversion calculator
• Metric converter
• Translators

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