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Compare today's BMD to ZAR (Bermudian Dollar to South African Rand) exchange rates

Bermuda
South Africa
BMD

Interbank Exchange Rate: 1 BMD = 15.9950 ZAR
Updated about an hour ago

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All you need to know about Bermudian Dollar to South African Rand money transfers

Easily compare money transfer providers in one place to send money from Bermuda to South Africa. Send money overseas to your loved ones by comparing Bermudian Dollar (BMD) to South African Rand (ZAR) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Bermuda.

Were you looking to send money from South Africa to Bermuda instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest BMD to ZAR Conversion Rates

Here are some latest BMD to ZAR (Bermudian Dollar to South African Rand) exchange rates for popular conversion amounts*.

1 BMD16.00 ZAR
5 BMD79.98 ZAR
10 BMD159.95 ZAR
25 BMD399.88 ZAR
50 BMD799.75 ZAR
100 BMD1,599.50 ZAR
150 BMD2,399.25 ZAR
200 BMD3,199.00 ZAR
250 BMD3,998.75 ZAR
300 BMD4,798.50 ZAR
400 BMD6,398.00 ZAR
500 BMD7,997.50 ZAR
600 BMD9,597.00 ZAR
700 BMD11,196.50 ZAR
800 BMD12,796.00 ZAR
1,000 BMD15,995.00 ZAR
1,500 BMD23,992.50 ZAR
2,000 BMD31,990.00 ZAR
2,500 BMD39,987.50 ZAR
3,000 BMD47,985.00 ZAR
4,000 BMD63,980.00 ZAR
5,000 BMD79,975.00 ZAR
10,000 BMD159,950.00 ZAR
15,000 BMD239,925.00 ZAR
20,000 BMD319,900.00 ZAR
30,000 BMD479,850.00 ZAR
40,000 BMD639,800.00 ZAR
50,000 BMD799,750.00 ZAR
100,000 BMD1,599,500.00 ZAR

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to transfer money from Bermuda to South Africa?

With the global remittance market booming, there are so many choices for Bermudian Dollar to ZAR money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to South Africa from Bermuda. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final ZAR amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best exchange rate for your money transfers from Bermuda to South Africa?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to South Africa from Bermuda. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your BMD to South African Rand money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Bermuda to South Africa corridor to give you more good choices for your next ZAR money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way to send money from Bermuda to South Africa?

When you want to send money to South Africa from Bermuda, you obviously want the cheapest possible option to maximize the money your recipient gets in South African Rand. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your BMD to ZAR money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Bermuda to South Africa. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Bermuda to South Africa exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send South African Rand overseas.


How to send money to South Africa from Bermuda through a bank?

We do not recommend using your local bank in Bermuda for your next BMD to ZAR overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Bermuda to South Africa (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending ZAR to South Africa. These companies will let you use your local bank account in Bermuda to pay for your South Africa money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


How to send money to South Africa from Bermuda fast?

The first thing to do when you need to convert BMD to ZAR quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.

The harder part might be how to identify which providers can execute fast funds transfers between Bermudian Dollar and South African Rand. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.

To help demystify the unknowns in the end to end Bermuda to South Africa remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to South Africa.


Which are the best money transfer companies to send money to South Africa from Bermuda?

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Bermuda to South Africa, we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best Bermudian Dollar to South African Rand exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your ZAR money transfers to South Africa. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in South Africa getting more money for every Bermudian Dollar you send.


Step by step guide to do a money transfer from Bermuda to South Africa

Follow the below easy steps to send money to South Africa from Bermuda.

  • If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
  • You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
  • Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Bermuda bank account to fund your transaction.
  • Add your recipient - provide details about who will receive the funds (can also be your own account in South Africa).
  • Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
  • Add the transfer amount and start the transaction.

The provider will then work on your BMD to ZAR remittance, and you should not have any additional action to take. Keep an eye on your email inbox as you should get notified about the progress of your transaction.

Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.