Incoming wire transfers received in a foreign currency for payment into your account will be converted into U.S. US Dollar US Dollar conversion Last updated Mar 22, 2023, 08:43 UTC. Accurate exchange rates updates in live mode, so all information are fresh. Check live ZAR to USD exchange rates chart, history South African Rand to US dollar exchange rates data in charts and detailed tables. You won’t receive this rate when sending money. South African Rand to US dollar exchange rate. We may refuse to process any request for a foreign exchange transaction. We use the mid-market rate for our Converter. Wells Fargo is your arms-length counterparty on foreign exchange transactions. Foreign exchange markets are dynamic and rates fluctuate over time based on market conditions, liquidity, and risks. Different customers may receive different rates for transactions that are the same or similar, and the applicable exchange rate may be different for foreign currency cash, drafts, checks, or wire transfers. The exchange rate Wells Fargo provides to you may be different from exchange rates you see elsewhere. Select your currencies and the date to get histroical rate tables. The applicable exchange rate does not include, and is separate from, any applicable fees. Get historic exchange rates for past US Dollar foreign expenses. How does a currency converter work A currency converter works by converting the value of one currency to another based on the latest exchange rates.
The markup is designed to compensate us for several considerations including, without limitation, costs incurred, market risks, and our desired return. The exchange-rates currency converter can convert nearly 130 global currencies including the USD, AUD, CAD, HKD, EUR and GBP to name but a few. The exchange rate used when Wells Fargo converts one currency to another is set at our sole discretion, and it includes a markup. In addition to any applicable fees, Wells Fargo makes money when we convert one currency to another currency for you.
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