Where to exchange money in Parow
If you’re planning a trip to Parow, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.
On this page, we’ll provide you with a list of the best places to exchange currency in Parow. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location.
Where to exchange money in Parow
If you’re planning a trip to Parow, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.
On this page, we’ll provide you with a list of the best places to exchange currency in Parow. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location.
Spend abroad without hidden fees
Currency exchanges in Parow
If you have a need to use cash, here are some recommendations to exchange foreign currency in Parow.
Just remember, there's no such thing as completely free or 0% commission when exchanging money. Always check the mid-market exchange rate beforehand so you know the real value of your money.
| Money Changer | Address | Contact Information |
|---|---|---|
| FX TMA (PTY) LTD. | 219 Voortrekker Rd, Glenlily, Cape Town, 7500, South Africa | +27 72 561 2853 |
| Phones 4 U | 206 Voortrekker Rd, Parow, Cape Town, 7500, South Africa | +27 73 570 5451 |
| Parow Centre | De La Rey St &, Voortrekker Rd, Parow East, Cape Town, 7560, South Africa | +27 21 930 8570 |
| Travelex | Shop 139 Tyger Valley Shop Ctr, Bill Bezuidenhout Ave, Tygervalley, Bellville, Cape Town, 7530, South Africa | +27 21 914 9070 |
| Cash Converters Parow | Cnr Voortrekker Rd & De La Rey St, Shop G36A, Parow Centre, Parow, Cape Town, 7500, South Africa | +27 21 911 0900 |
| American Express | Willie Van Schoor Road, Bellville Park, Cape Town, 7530, South Africa | |
| Sanlam Centre,Parow | Parow East, Cape Town, 7500, South Africa | +27 78 480 1574 |
| Inter Africa Bureau De Change | Shop 579F Tygervalley Centre Cnr Bill Bezuidenhout &, Willie Van Schoor Dr, Bellville, Cape Town, 7536, South Africa | +27 21 914 1104 |
| TymeBank Kiosk PNP Parow Exchange | Cnr De La Rey St &, Shops F-84 & F-85, Parow Centre, Voortrekker Rd, Parow, Cape Town, 7700, South Africa | +27 860 999 119 |
| Old Mutual Parow Centre | Shop F104, Parow Centre, Voortrekker Rd, Parow East, Cape Town, 7501, South Africa | +27 21 980 0864 |
| BFS- Barko Financial Services Parow 1 | 181 Voortrekker Rd, Glenlily, Cape Town, 7500, South Africa | +27 21 911 5018 |
| Absa | Branch | Parow Centre | Parow Shopping Centre Cnr Delarey & Voortrekker Streets Parow, Parow East, Cape Town, 7500, South Africa | +27 21 929 1900 |
| Checkers Hyper Parow | Sanlam Centre,Cnr Voortrekker &, De La Rey St, Roads, Cape Town, 7501, South Africa | +27 21 929 1400 |
| African Bank Parow Centre | Shop F1-21, Parow Sanlam Shopping Centre, De La Rey St, Parow East, Cape Town, 7501, South Africa | +27 21 930 0543 |
| Absa bank | 50 Louis Thibault Dr, Edgemead, Cape Town, 7441, South Africa | +27 860 008 600 |
| Supreme Finance | Shop 171, c/o Voortrekker &, Tallent Rd, Parow, Cape Town, 7500, South Africa | |
| Cash Crusaders Parow | Cnr Voortrekker Rd, Sanlam Centre, De La Rey St, Parow East, Cape Town, 7501, South Africa | +27 21 930 4727 |
| Fastway Couriers (Cape Town) | Unit 3, 21 Radnor St, Parow Industrial, Cape Town, 7493, South Africa | +27 86 122 2882 |
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South African rand rate today
First off, in case you’re wondering something along the lines of “does South Africa use South African rand?”, the answer is yes. The currency in Parow — and the rest of South Africa— is South African rand
You can also find it written as ZAR in currency exchange shops.
What you should know about exchanging money in Parow
When exchanging money in Parow 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. 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.
2. Know 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. Also try to plan ahead and make as few withdrawals as possible to avoid multiple extra fees.
5. 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.
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
As you can see, there are plenty of options for exchanging money in Parow. Remember to do your research on the exchange rate and get the most out of your trip. For a fuss-free alternative to exchanging cash, check out Wise.
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.