T t forex - buying rands with dollars - Johannesburg Message Board - TripAdvisor
However the 20 percent you talk about is crazy!!
Most banks will charge around 5 percent, some less, some a bit more. Bidvest are often the best.
Look for "commision free deals". These are off course not by any means "free".
The commission is however visible as the difference between the published selling and buying rates - usually displayed electronically. No use in quoting rates here.
As I say they change by the minute and given the unstable world political situation right now, torex can change 2 or 3 percent in a day or two. However spot Internbank Rate 30secs ago was R This means at a bank you t t forex get around R Thanks very much for your answer.
I invested in dollars and received dollars. And I have kept my American Express becausehaving paid for almost 30 years I get it for free now.
I dont have a Visa or Master firex more. The reason for this is that American Express charge the vendor a much higher percentage of the transaction amount, for the service, t t forex to the other cards.
When I was in another business, I too, did not accept American Express, or Diners Club, for that matterfor the same reasons. Now I t t forex that the most reliable Bank for the issue is Bidvest Bank.
But hou have to prove that the dollars are yours, ks have a banksaldo t t forex something that you bought those dollar legal.
Otherwhise you cannot change the money into Rands.
Some friends of mine tryed to change Euro. So they could not change the money!
The point about Bidvest is that they are a smaller bank and hence often give a slightly better rate. For the same reason look at Capitec.
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Description:South African Rand. ZAR. South In addition to the Master Currency suite of foreign exchange products, we also sell certain Bidvest Bank products, namely the World Currency Card™ which is available in 12 currencies. Daily Exchange Missing: tt | Must include: tt.