Where to exchange money in Durban
Are you heading to Durban? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Durban that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Where to exchange money in Durban
Are you heading to Durban? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Durban that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Spend abroad without hidden fees
Currency exchanges in Durban
We are aware that there can be times when you need to have some local currency on hand, so avoiding currency exchanges altogether isn't always possible. We have provided a list of currency exchanges you can find in Durban below.
Don't forget to refresh yourself on the advice in this article to help get the most out of your cash whilst abroad.
| Money Changer | Address | Contact Information |
|---|---|---|
| TRAVELEX RETAIL FOREIGN EXCHANGE | 477 Anton Lembede St, Durban Central, Durban, 4001, South Africa | +27 31 301 0226 |
| MoneyGram | 135 Musgrave Rd, BEREA DURBAN, Durban, 0000, South Africa | +27 31 277 4687 |
| MoneyGram | International Convention Centre, Bram Fischer Rd, Durban Central, Durban, 4000, South Africa | +27 87 575 9404 |
| Travelex Pavillion | Shop 249b The Pavilion Jack Martens, Rd, Beverley Hills, Westville, 3629, South Africa | +27 31 265 8256 |
| Travelex | Suite 10001, First Floor,2nd Building, 34 Essex Terrace, Westville, Durban Central, Durban, 4000, South Africa | +27 31 266 5793 |
| FX Africa Foreign Exchange | 1 Palm Blvd, Umhlanga Ridge, uMhlanga, 4319, South Africa | +27 31 566 6231 |
| AMERICAN EXPRESS - FOREIGN EXCHANGE SERVICES | 1 Palm Blvd, Umhlanga Ridge, uMhlanga, 4319, South Africa | +27 31 566 1412 |
| Inter Africa | Shop B2, China Mall, Gillespie St, Central, Durban, 4001, South Africa | +27 31 337 5000 |
| Al Baraka Bank - Kingsmead | Kingsmead Office Park, 2 Kingsmead Blvd, Stamford Hill, Durban, 4001, South Africa | +27 860 225 786 |
| Travelex Gateway | Shop F219A, Gateway Theatre of Shopping, Cnr Sugar Close & Gateway Road Umhlanga, Umhlanga Ridge, Durban, 4320, South Africa | +27 31 566 6231 |
| Major Money Management (Pty) Ltd | 115 Musgrave Rd, Musgrave, Berea, 4001, South Africa | +27 31 201 1560 |
| MoneyGram | 369 West St, Durban Central, Durban, 4001, South Africa | +27 31 366 3811 |
| Golden Wealth | 320 West St, Durban Central, Durban, 4001, South Africa | +27 76 204 3343 |
Notice anything wrong with our results table? Let us know - If there is a genuine mistake, we will do our best to resolve it.
South African rand rate today
The currency used in Durban, as well as the rest of South Africa is South African rand.
However, when visiting a currency exchange shop you will notice they use currency codes. The code for South African rand is ZAR. Keep an eye out for this if you want to compare exchange rates.
What you should know about exchanging money in Durban
When exchanging money in Durban or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in South Africa long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.
1. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.
2. Research the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.
3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.
4. Use ATMs strategically
Check if your local bank has partnerships in South Africa banks to avoid unwanted ATM fees. It's becoming less of a requirement, but it can be good to inform your bank before traveling too.
5. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in South African rand for a fairer rate and fees. The same applies if you get the option on card machines.
Consider an alternative to physical currency exchanges
Say goodbye to overcomplicated currency exchange. Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees.
Open a personal Wise account online or in the Wise app, and order a linked debit card for a one-time fee to spend and withdraw money in 150+ countries.
There’s no fee to spend any currency you hold, and no foreign transaction fee to worry about. Use your account when you travel or shop online in foreign currencies, send payments in 70+ currencies, and get your own local account details in 9 currencies.
Other currency exchanges
Bottom line
From the list above you should have plenty of options for finding a physical currency exchange in Durban. If you'd like more options, try searching on a search engine like Google.
Finally, don't forget to check out Wise - The digital alternative to exchanging and spending cash abroad.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.