GBAF Logo
Sterling currency notes with yen, dollar, and euro background - Global Banking & Finance Review
The image illustrates the decline of the British pound sterling against the yen, dollar, and euro, highlighting recent market trends in finance as discussed in the article.
Trading

List of Foreign Exchange Banks in South Africa

Published by Gbaf News

Posted on April 22, 2013

1 min read

· Last updated: September 23, 2024

Add as preferred source on Google
List of Foreign Exchange Banks in South Africa

ABSA Bank Limited
Ace Currency Exchange (Pty) Limited
Albaraka Bank Limited
Ayoba Foreign Exchange (Pty) Limited
Bank of Baroda (SA branch)
Bank of China Johannesburg Branch
Bank of Taiwan (SA branch)
Bidvest Bank Limited
Calyon Corporate Bank: Crédit Agricole (SA branch)
China Construction Bank, Johannesburg Branch
Citibank, South Africa
Deutsche Bank AG (Johannesburg branch)
EuroDollar Foreign Exchange (Pty) Limited
FirstRand Bank Limited
Forex World (Pty) Limited
FxAfrica Foreign Exchange (Pty) Limited
Global Foreign Exchange (Pty) Limited
Habib Overseas Bank Limited
HBZ Bank South Africa
HSBC (Johannesburg branch)
Imali Express (Pty) Limited
Inter Africa Bureau de Change (Pty) Limited
Investec South Africa
JPMorgan Chase Bank (Johannesburg Branch)
Master Currency (Pty) Limited
Mercantile Bank Limited
Nedbank Limited
Rand Bureau de Change (Pty) Limited
Sasfin Bank Limited
Sikhona Forex (Pty) Limited
Société Générale
South African Bank of Athens
Standard Chartered Bank – Johannesburg Branch
State Bank of India South Africa
The Standard Bank of South Africa Limited
Tourvest Financial Services (Pty) Limited trading as American Express
Tower Bureau de Change (Pty) Limited

Key Takeaways

  • South Africa hosts a wide range of foreign exchange banks, including both large commercial banks and specialized forex bureaus.
  • Major domestic banks offering FX services include ABSA, FirstRand (FNB/RMB), Nedbank, Investec, and Standard Bank.
  • Several international banks maintain branches or subsidiaries in South Africa for forex services, such as Citibank, HSBC, Deutsche Bank, and State Bank of India.
  • Numerous local bureaux de change and FX specialists—like Ace Currency Exchange, Forex World, and Tourvest (American Express)—are authorized for travel-related FX transactions.
  • Bidvest Bank (formerly Rennies Foreign Exchange) operates a large retail FX network and remains a key player in currency exchange.

References

Frequently Asked Questions

Which domestic banks in South Africa offer foreign exchange services?
Major South African banks like ABSA, FirstRand (FNB/RMB), Nedbank, Investec, and Standard Bank provide extensive forex services.
Which international banks have forex branches in South Africa?
International banks with forex branches include Citibank, HSBC, China Construction Bank, Bank of China, Deutsche Bank, JPMorgan Chase, Société Générale, and State Bank of India.
Are there specialized FX bureaus in South Africa for travel-related exchanges?
Yes, licensed FX dealers for travel include Ace Currency Exchange, Forex World, Global Foreign Exchange, Imali Express, and Tourvest (American Express), among others.
What network does Bidvest Bank operate in FX services?
Bidvest Bank (formerly Rennies Foreign Exchange) operates a large retail network with over 90 foreign exchange outlets across South Africa.

Tags

Related Articles

Image for The Trading Paradox of the Modern Era: Why More Technology Is Creating More Uncertainty in Global Markets

The Trading Paradox of the Modern Era: Why More Technology Is Creating More Uncertainty in Global Markets

Image for The Silent Crisis in Modern Trading: Why More Information Is Not Making Traders Smarter

The Silent Crisis in Modern Trading: Why More Information Is Not Making Traders Smarter

Image for The Quiet Revolution in Trading: Why the Future May Reward Patience More Than Prediction

The Quiet Revolution in Trading: Why the Future May Reward Patience More Than Prediction

Image for The New Rules of Trading: Why the Smartest Traders Are Learning to Slow Down in an Accelerating Market

The New Rules of Trading: Why the Smartest Traders Are Learning to Slow Down in an Accelerating Market

Image for The Most Dangerous Trading Illusion: Why More Data Means Less Clarity

The Most Dangerous Trading Illusion: Why More Data Means Less Clarity

Image for The New Trading Reality: Why Success in Modern Markets Depends Less on Prediction and More on Emotional Control

The New Trading Reality: Why Success in Modern Markets Depends Less on Prediction and More on Emotional Control

More from Trading

Explore more articles in the Trading category

Image for The New Trading Battlefield: Why Modern Markets Are Rewarding Discipline More Than Speed
The New Trading Battlefield: Why Modern Markets Are Rewarding Discipline More Than Speed
Image for The New Psychology of Trading: Why the Future of Markets May Depend More on Human Behavior Than Economic Data
The New Psychology of Trading: Why the Future of Markets May Depend More on Human Behavior Than Economic Data
Image for The Invisible Risk in Modern Trading: Why the Biggest Threat to Traders May No Longer Be the Market Itself
The Invisible Risk in Modern Trading: Why the Biggest Threat to Traders May No Longer Be the Market Itself
Image for The Hidden Shift Reshaping Global Trading: Why Discipline May Matter More Than Speed in the Markets Ahead
The Hidden Shift Reshaping Global Trading: Why Discipline May Matter More Than Speed in the Markets Ahead
Image for https://www.globalbankingandfinance.com/the-new-rules-of-trading-why-discipline-beats-technical-skill/
https://www.globalbankingandfinance.com/the-new-rules-of-trading-why-discipline-beats-technical-skill/
Image for The New Rules of Trading: Why Discipline Beats Technical Skill
The New Rules of Trading: Why Discipline Beats Technical Skill
Image for Where Market Moves Really Begin
Where Market Moves Really Begin
Image for The Hidden Mechanics of Trading: What Really Drives Market Decisions
The Hidden Mechanics of Trading: What Really Drives Market Decisions
Image for The Invisible Force Behind Every Great Trader: Why Curiosity May Matter More Than Strategy
The Invisible Force Behind Every Great Trader: Why Curiosity May Matter More Than Strategy
Image for The Invisible Edge: Why Trading Outcomes Are Shaped Beyond the Chart
The Invisible Edge: Why Trading Outcomes Are Shaped Beyond the Chart
Image for The Invisible Current: What Really Moves Trades Before They Happen
The Invisible Current: What Really Moves Trades Before They Happen
Image for The Quiet Forces of Trading: What Moves Markets When No One Is Looking
The Quiet Forces of Trading: What Moves Markets When No One Is Looking
View All Trading Posts