Sign up with GoogleWhat's maybe the cheapest way of me converting south african cash to euros cash? I am traveling in June and would like to have a few euros on me when I get there, is it best to just go to Rennies for example, or is there maybe a cheaper way of doing it? Even if I just save a few cents.
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Best way to convert rands to euros in SA?
- Thread starter Saltex
- Start date
I find the cash passport a pain - you can only get cash from certain ATMs. I would rather suggest using your credit card to withdraw money when you get there.
As for getting foreign currency in SA, you can also try your bank's forex division. Get a quote from them, Rennies and the rest to compare. Unfortunately, I always feel ripped off when I leave there.
Agreed. I recently did a dollars to pounds cash conversion at a Rennies-like place at the airport. It was a complete ripoff (like 10-15% more than the buy/sell midpoint). I got a much better rate with my US credit card. Also an ETF/wire gets a good rate too, but you will need either a bank account there, or know someone who does and can withdraw the cash for you (be careful if it is a lot - the taxman may ask the account holder questions).
Apparently the cheapest is always the bank in your own country.
In the UK, you don't pay commission if you order online from the bank where you are an account holder. Not all banks are the same.
Some will charge you for travellers cheques, but not for the cash.
In the UK, you don't pay commission if you order online from the bank where you are an account holder. Not all banks are the same.
Some will charge you for travellers cheques, but not for the cash.