Import costs are fixed in rand at the exchange rate applied on the day of clearing, not the day you ordered, so a shipment quoted months earlier can land well over budget. SARS publishes its own rate of exchange for customs valuation, and it will not match your bank's spot rate.
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Frequently asked questions
How often are these ZAR exchange rates updated?
The South African Rand exchange rates on this page are refreshed every 5 minutes from a free open exchange-rate feed. They are indicative mid-market rates — your bank or forex provider will add a margin and fees, so the rate you transact at will differ slightly.
Which exchange rate should I use for a SARS customs declaration?
For customs valuation, SARS requires the official weekly exchange rate published in the Government Gazette for the date of shipment, not the live spot rate. Use these live rates for planning and quoting only, and confirm the gazetted rate with your clearing agent before lodging a Bill of Entry.