Newsroom

Rand News – ZAR Collapses To Over R16.20/$ Due To New Covid Variant.

Rand News – ZAR Collapses To Over R16.20/$ Due To New Covid Variant.

OVERVIEW Investors Drop The Rand Due To New “Worst Ever Seen” Variant. Investors Charge Away From Risk And Into Look...
Rand News – Rand Falls To Lows Last Seen In Nov 2020.

Rand News – Rand Falls To Lows Last Seen In Nov 2020.

OVERVIEW This week saw 2 events impact the rand – US retail sales data and the SARB MPC meeting.The dollar...
Rand News – Dollar Surges Off Inflation Scare.

Rand News – Dollar Surges Off Inflation Scare.

OVERVIEW A highly volatile week for the rand as the dollar closes in on it’s best week in 5 months.Markets...
Rand News – Dollar On Front Foot Ahead Of Job Data.

Rand News – Dollar On Front Foot Ahead Of Job Data.

OVERVIEW An uppity week for the dollar, post local election day saw USDZAR hitting 8-month highs.The rand saw a short...
Rand News- Dollar Dominates, Seeing 3-Month Highs.

Rand News- Dollar Dominates, Seeing 3-Month Highs.

overview Central bank decisions fired up volatility this week, leaving the rand on the backfoot with elections and a tough...
Rand News – Rand Rally Halted By Risk Appetite Drop.

Rand News – Rand Rally Halted By Risk Appetite Drop.

overview The rand was fuelled by the demand in risky currencies this week, until fear over credit giant Evergrande ravaged...
Rand News – Risk Appetite Dents Dollar Strength.

Rand News – Risk Appetite Dents Dollar Strength.

Rates as at 10:37   USDZAR  14.70  |    GBPZAR  20.17  |    EURZAR   17.06   |   AUDZAR  10.90 overview The dollar...
Rand News – U.S. Debt ceiling extended aids Dollar support

Rand News – U.S. Debt ceiling extended aids Dollar support

OVERVIEW A close save for the U.S. as Senators extended the debt ceiling last night, till early December, saving the...
Rand News – Dollar Dominates Due To Global Crisis Storm.

Rand News – Dollar Dominates Due To Global Crisis Storm.

overview The dollar remained dominant in this week’s markets as investors moved to the greenback for stability. Energy, supply-chain, health,...
Rand News – Dollar Unchanged By Fed Meeting

Rand News – Dollar Unchanged By Fed Meeting

OVERVIEW Markets saw investors move into the dollar as China's Evergrande was proven not too big too fall this week.Volatility...
Rand News – Dollar Rallies As Rand Is Sold Off

Rand News – Dollar Rallies As Rand Is Sold Off

OVERVIEW The rand sets up for a weekly loss as dollar bulls triumph and investors launch a ZAR sell-off. Investors...
A Week For Importers As Rand See’s Good Buying Levels.

A Week For Importers As Rand See’s Good Buying Levels.

OVERVIEW Emerging markets benefit as the Dollar continues to struggle in it's lowest levels since early August after a bad...
Rand News – Dollar Remains Soft Ahead Of Job Report

Rand News – Dollar Remains Soft Ahead Of Job Report

overview US ADP job figures were weak but initial jobless claims show the critical Nonfarm payrolls may show a much...
Rand News – Market Caution Pushes Rand Below R15.00/$.

Rand News – Market Caution Pushes Rand Below R15.00/$.

overview The dollar retreated this week as investors took to the side-lines while awaiting tapering confirmation from the US Fed...
Rand News – Risk-Off Sentiment Knocks Rand.

Rand News – Risk-Off Sentiment Knocks Rand.

OVERVIEW Dollar strengthens against virtually all counterparts as the greenback reaches 7 month high off of tapering expectations and improved...
Rand News – Volatile Week Ends In Cabinet Reshuffle

Rand News – Volatile Week Ends In Cabinet Reshuffle

August has started off with a shuffle of volatility as USDZAR saw a spread of 50c due to market conditions...
Rand News – Dollar Rally Erased After FED Talk.

Rand News – Dollar Rally Erased After FED Talk.

The week kicked off with President Ramaphosa easing lockdown restrictions and market focus eyeing the US Fed decision.Uncertainty caused a...
Rand News – Rand Falters After SARB Talk.

Rand News – Rand Falters After SARB Talk.

This week began with uncertainty over the progress of the global situation around covid-19.Investors turned to the dollar as the...
Rand News – SA Riots Loot Rand Strength.

Rand News – SA Riots Loot Rand Strength.

Local markets lost ground this week due to the country’s civil unrest. As provinces were gripped by violence, the USDZAR...
Rand News – Global growth outlook stalls

Rand News – Global growth outlook stalls

South African Rand News The local market results remain mixed this past week, with the JSE having its worst day...
How to Transfer Money to Australia

How to Transfer Money to Australia

What is the cheapest way to send money from South Africa to Australia? If you’re looking for something fast, easy,...
Rand News – Dollar Momentum Tops Markets.

Rand News – Dollar Momentum Tops Markets.

Positive Data And Safe Haven Status Played In The Dollars Favor This Week. American MarketsThe dollar traded cautiously this week...
Rand News – Rand Tracks Behind Dollar Volatility.

Rand News – Rand Tracks Behind Dollar Volatility.

USD/ZAR News American MarketsInflationary pressure was the theme of the week for the dollar.Fluctuation on the greenback came as a...
Skilled Migration Australia

Skilled Migration Australia

Skilled migration will form a big part of Australia’s COVID recovery strategy. According to Australia’s Immigration Minister, Alex Hawke: Skilled...
Transfer Money to Australia with FX Paymaster

Transfer Money to Australia with FX Paymaster

‘Brand Australia’ is recognised all over the world. The very mention of the word Australia evokes images of stunning scenery...
Rand News – The US Dollar rejoins market demand with heightened interest this week

Rand News – The US Dollar rejoins market demand with heightened interest this week

USD/ZAR News The Dollar has strengthened this week after months of consecutive losses. Investors and market players adopted a wait-and-see...
Rand News – SA wants the lights on & Dollar remains soft.

Rand News – SA wants the lights on & Dollar remains soft.

The Dollar remains weak compared to other developed markets, giving way for the Rand to shine but the questions remains,...
Rand News – Rand Rallies To 2 Year Best.

Rand News – Rand Rallies To 2 Year Best.

A faltering dollar lost strength off of tapering fears, while a global commodity boom played to the rand’s advantage this...
Rand News – Rand Bounces Off 2019 Lows.

Rand News – Rand Bounces Off 2019 Lows.

Dollar weakness and positive local data allowed the rand to push near 30 month lows, but is it oversold and...
Rand News – Rand Leads Emerging Markets.

Rand News – Rand Leads Emerging Markets.

USD/ZAR News Its been a turbulent week for the dollar, beginning with investor nerves over this week's US Fed Monetary...
Rand News – ZAR Gains Ground As Fed Spurs Risk Confidence.

Rand News – ZAR Gains Ground As Fed Spurs Risk Confidence.

The Rand saw an easing this week as global sentiment improved over the US Fed’s comments over continued economic support. ...
Rand News – SA Economy In Hot Water & US Stimulus Finally Issued.

Rand News – SA Economy In Hot Water & US Stimulus Finally Issued.

The Rand suffered a turbulent week with pressure from weak GDP figures and a volatile dollar rising after oil attacks...
Rand News – Powell Stands Dovish & Rand Buckles.

Rand News – Powell Stands Dovish & Rand Buckles.

Bond tantrums set the tone of the week and US Fed Chair set a Firestarter to the dollar by downplaying...
Rand News – Budget Week And Global Sell-Off.

Rand News – Budget Week And Global Sell-Off.

A volatile week for the rand as it saw 13-month best levels followed by a 61cent loss of ground back...
Rand News – Rand Rallies As Budget Speech Looms.

Rand News – Rand Rallies As Budget Speech Looms.

Risk-On Appetite Spurred The Rand To Year Best Levels This Week.Will This ZAR Strength Last As Our Countries Negative Realities...
Rand News – SONA Falls Flat & Central Banks Stand Firm

Rand News – SONA Falls Flat & Central Banks Stand Firm

State of the Nation's "effect" didn't seep through to the rand, and major Central Banks stand together on keeping rates...
Rand News – Vaccinations Arrive And SONA Approaches.

Rand News – Vaccinations Arrive And SONA Approaches.

Fires of the emerging markets were once again ignited this week as sentiment over global recovery improved, this confidence brought...
Rand News – IMF Cuts SA Growth Forecast & US Economy Troubles.

Rand News – IMF Cuts SA Growth Forecast & US Economy Troubles.

US Economy Experiences Deepest Contraction In 75 Years and ‘Robinhood’ Forum Groups Target Hedge Funds. USD/ZAR News Data this week...
Rand News – US Inauguration Week & SARB Rate Decision.

Rand News – US Inauguration Week & SARB Rate Decision.

USD/ZAR News Inauguration week was the talk of the week for the vulnerable dollar.The arrival of President Joe Biden and...
Rand News – USD/ZAR rallies as Biden reveals his package

Rand News – USD/ZAR rallies as Biden reveals his package

USD/ZAR In this weeks Rand News. The US dollar started the week on the backfoot as pressure to impeach President...
The Weekly Round Up – 2021-01-08

The Weekly Round Up – 2021-01-08

Rand News - A big reaction in the markets from investors has developed into a fourth day of Rand weakness ...
Transferring Money to Australia – Your Expert Guide !

Transferring Money to Australia – Your Expert Guide !

A guide to help you save time & money when transferring funds to Australia. If you’re in the process of...
What is a Customs Client Number or CCN

What is a Customs Client Number or CCN

So what exactly is a CCN or Customs Client Number? How does it apply to me and my business and...
The Weekly Round Up – Festive Edition

The Weekly Round Up – Festive Edition

Rand News - South Africa is the hardest hit coronavirus country on the African continent however this didn’t stop the...
The Weekly Round Up 2020-12-11

The Weekly Round Up 2020-12-11

Rand News - After surprising improvements in our GDP data on Tuesday, the news saw a break on USD/ZAR under...
The Weekly Round Up 2020-12-04

The Weekly Round Up 2020-12-04

Rand News - The Rand experienced a cautious week with whispers of a mini lockdown creeping into the markets however...
The Weekly Round Up – 2020-11-27

The Weekly Round Up – 2020-11-27

Rand News - The current vaccine surge has been flourishing for almost a fortnight, and the rand can only be...
How to get the best exchange rate and you don’t need a crystal ball!

How to get the best exchange rate and you don’t need a crystal ball!

We know how important it is to get the best exchange rate when making international payments/ Exchange rates fluctuate all...
Rand News – The USD remains under pressure due to increasing unemployment levels.

Rand News – The USD remains under pressure due to increasing unemployment levels.

Rand News - The USD remains under pressure due to increasing unemployment levels. Welcome to this weeks Rand News. In...
How to TRANSFER money to the UK from South Africa

How to TRANSFER money to the UK from South Africa

Are you looking for a faster, easier way to transfer money to the UK from South Africa? With FX Paymaster...
How to transfer money to New Zealand from South Africa

How to transfer money to New Zealand from South Africa

Are you looking for a better way to transfer money to New Zealand from South Africa? Every year, thousands of...
Rand News – USD/ZAR support levels test R15.30

Rand News – USD/ZAR support levels test R15.30

Rand News - USD/ZAR support levels tested around R15.30. In this weeks Rand News, we look at some important data...
What is the best way to send money out of South Africa?

What is the best way to send money out of South Africa?

The best way to send money out of South Africa is to do it online, after all its quicker, easier...
USD/ZAR News – US Elections continue to take center stage this week.

USD/ZAR News – US Elections continue to take center stage this week.

Get the latest USD/ZAR News sent directly to you each day. In our weekly currency review, we cover all major...
How to transfer money to Australia from South Africa

How to transfer money to Australia from South Africa

Moving to new a country is exciting but it can also be stressful and expensive. That's why its so important...
Weekly Round Up – 30 October 2020

Weekly Round Up – 30 October 2020

In our weekly round up this week, we look at some important data released and the affect this has had...
How do I transfer money for Bitcoin Arbitrage?

How do I transfer money for Bitcoin Arbitrage?

Buying Bitcoin Overseas from South Africa Its a well known fact that a Bitcoin Arbitrage opportunity exist in South Africa....
Seeing is believing, FX Paymaster Demo Account reveals new saving opportunities for SME’s

Seeing is believing, FX Paymaster Demo Account reveals new saving opportunities for SME’s

Get the best exchange rates on your Business Currency Transfers In life, there are very few things you get to...
Choose the right currency partner for your business

Choose the right currency partner for your business

Transfer money online to get the best exchange rates If your South African business imports or exports products, then chances...
The Weekly Round Up – 2020-10-23

The Weekly Round Up – 2020-10-23

In our weekly round up this week, we look at some important data released and the affect this has had...
The Weekly Round Up – 2020-10-16

The Weekly Round Up – 2020-10-16

In our weekly round up this week, we look at some important data released and the affect this has had...
Weekly Round Up – 9 October 2020

Weekly Round Up – 9 October 2020

In our weekly round up this week, we look at some important data released and the affect this has had...
The Weekly Round Up – 2020-10-02

The Weekly Round Up – 2020-10-02

In our weekly round up this week, we look at some important data released and the affect this has had...
The Weekly Round Up – 2020-09-25

The Weekly Round Up – 2020-09-25

In our weekly round up this week, we look at some important data released and the affect this has had...
The Weekly Round Up – 2020-09-18

The Weekly Round Up – 2020-09-18

In our weekly round up this week, we look at some important data released and the affect this has had...
I want to Save money on Foreign Payments, but I don’t want to change banks

I want to Save money on Foreign Payments, but I don’t want to change banks

We get it! The good news is you don’t have to! Through our innovative technology, the process so easy you...
The Weekly Round Up – 2020-09-11

The Weekly Round Up – 2020-09-11

In our weekly round up this week, we look at some important data released and the affect this has had...
Forward Contract, and their success secrets revealed!

Forward Contract, and their success secrets revealed!

SME’s secret weapon to international payments:  Forward Contracts If your business makes or receives international payments, you should be using...
Weekly Round Up – 4 September 2020

Weekly Round Up – 4 September 2020

In our weekly round up this week, we look at some important data released and the affect this has had...
Weekly Round Up – 28 August 2020

Weekly Round Up – 28 August 2020

In our weekly round up this week, we look at some important data released and the affect this has had...
Weekly Round Up – 21 August 2020

Weekly Round Up – 21 August 2020

In our weekly round up this week, we look at some important data released and the affect this has had...
Weekly Round Up 14 August 2020

Weekly Round Up 14 August 2020

In our weekly round up this week, we look at some important data released and the affect this has had...
Weekly Round Up – 7 August 2020

Weekly Round Up – 7 August 2020

The Rand saw volatile but convincing weakness against the Dollar this week.
Weekly Round Up – 31/07/2020

Weekly Round Up – 31/07/2020

In our weekly round up this week, we look at some important data released and the affect this has had...
Supporting start-ups amid the devastating effects of COVID-19

Supporting start-ups amid the devastating effects of COVID-19

We’re proud to be the transaction partner for a start-up, Rogue and Vogue, a fitness clothing range born from the...
When big FinTech’s get it wrong!

When big FinTech’s get it wrong!

The money remittance industry is changing rapidly with a many of the UK fintech businesses leading the charge. There seems...
Does size really matter?

Does size really matter?

Transferring money directly through a bank is expensive. This is because the margin and fees applied by the bank are...
Effective currency management is about information and decision making.

Effective currency management is about information and decision making.

Recent market volatility across many of the major currencies is becoming a growing concern for many South African businesses. Considering...
Banks under pressure, responding to a new reality.

Banks under pressure, responding to a new reality.

Customers with connectivity at their fingertips are demanding cheaper, faster, and better financial products, services, and experiences. Not that long...
Beware of Bank fees they’re killing your business

Beware of Bank fees they’re killing your business

A warning to international businesses, bank fees are unnecessary and killing your business. FX Paymaster educates South African businesses that...
South Africans are taking advantage of a pricing disparity that exists between Bitcoin Exchanges

South Africans are taking advantage of a pricing disparity that exists between Bitcoin Exchanges

Are you looking to buy Bitcoin overseas? South Africans are taking advantage of a pricing disparity that exists between overseas...
How Fintech Partnerships can work best for Small Businesses

How Fintech Partnerships can work best for Small Businesses

What does the future of retail banking look like in a period of tremendous economic uncertainty? COVID-19 has had a...
Four Factors Shaping the Future of International Payments

Four Factors Shaping the Future of International Payments

The international payment landscape is evolving rapidly. These days, customers demand simple products, better rates, lower costs & increased transparency,...
Traditional banks need the Fintech Industry To Create Better Payment Solutions

Traditional banks need the Fintech Industry To Create Better Payment Solutions

The global economy is constantly growing and evolving, why then have the traditional banking system not upgraded to meet the...
How to future-proof your business in a struggling economy.

How to future-proof your business in a struggling economy.

1. Understand your customers’ needs Today’s customer may be very different after all of this.. You may believe the best...
Three essential factors influencing currency markets, we need to watch.

Three essential factors influencing currency markets, we need to watch.

Ahead of the 21-day lockdown period, we have been flooded with calls from clients who are looking for support and...
Dealing with coronavirus – an update from FX Paymaster

Dealing with coronavirus – an update from FX Paymaster

The Rand has taken a huge hit these last 2 weeks due to the coronavirus pandemic. Markets are clearly concerned...
How to shield your business against a falling Rand

How to shield your business against a falling Rand

The aim of this guide is to help businesses understand their forex risk. What can you do to protect your...
How to streamline your international payments and save hours.

How to streamline your international payments and save hours.

• Is your bank giving you the forex support you need? • A smart NEW forex payment platform designed to...
Currency Insight – Learn how to access the same pricing as large corporates

Currency Insight – Learn how to access the same pricing as large corporates

Foreign exchange is all about volume, the more you transfer the better the price you get. Most SME’s don’t have...
Our Journey

Our Journey

The story of FX Paymaster. We founded FX Paymaster in 2015, with a vision to introduce a digital payment solution...
fx paymaster ramp up marketing strategy to take on local banks

fx paymaster ramp up marketing strategy to take on local banks

We’re causing some much-needed commotion in the South African financial services community by redefining the way foreign exchange payments are...
Use rate alerts to stay on top of currency volatility

Use rate alerts to stay on top of currency volatility

The South African Rand is considered the world’s most volatile major currency. Unfortunately, this looks set to continue.  The Government...
SA’s leading payment provider fx paymaster is revolutionising the payment space

SA’s leading payment provider fx paymaster is revolutionising the payment space

If you’ve been following fx paymaster’s journey over the last four years, you’ll be aware of their unwavering commitment to...
How does fx paymaster compare to local banks?

How does fx paymaster compare to local banks?

fx paymaster is on a mission to bring fair and transparent pricing to the South African payment market. Most SME’s...
SA Importers are leaving millions on the table for banks.

SA Importers are leaving millions on the table for banks.

Thousands of South African importers all over the country are paying foreign suppliers and without realising it, leaving millions on...
There is no such thing as Exchange for Free

There is no such thing as Exchange for Free

SA Banks have been over-charging SMEs for years. For years, South African businesses have been overpaying to transfer funds abroad...
How do I know if I’m getting fair rates from my bank?

How do I know if I’m getting fair rates from my bank?

In addition to the reduced transfer fees, the difference in exchange rates could easily equate to annual saving of tens of thousands of Rands.
Rand News: Rand suffers 5th Straight Day of Losses

Rand News: Rand suffers 5th Straight Day of Losses

The first article I came across this morning was titled ‘Rand on the Ropes’, to be honest it looks like...
Rand News: Rand Drops 2% Against the US Dollar in Overnight Trade

Rand News: Rand Drops 2% Against the US Dollar in Overnight Trade

Coming to you this morning from our Johannesburg office and it looks like it’s not just the weather that’s taken...
South Africa Rand takes a beating as SA enters a technical recession

South Africa Rand takes a beating as SA enters a technical recession

The main news out yesterday, "South Africa enters a technical recession".  This hit the Rand even harder yesterday with a...
Learn HOW to manage your FX risk in times of extreme volatility

Learn HOW to manage your FX risk in times of extreme volatility

We’ve had a lot of requests recently from clients asking for more information about FECs and how to use them...
Rand consolidates, gives up some gains.

Rand consolidates, gives up some gains.

Rand consolidates, gives up some gains. The rand lost 1.4% against the dollar yesterday, as the trade war between US...
Daily Rand Traders View – 11th July 2018

Daily Rand Traders View – 11th July 2018

USD/ZAR I thought we would see the market consolidate more yesterday but it looks like we’re seeing a bit of...
Daily Rand Traders View – 10th July 2018

Daily Rand Traders View – 10th July 2018

We’ve seen a big move on the Rand in the last week, the question now is, what to do about...
The Rand is gaining ground in the wake of softer US data.

The Rand is gaining ground in the wake of softer US data.

The Rand is gaining ground this week in the wake of softer US data. We’ve broken a couple of key...
Daily Rand Traders View – 2nd July 2018

Daily Rand Traders View – 2nd July 2018

As the bad weather closes in expect another tough week for the Rand. A difficult week for the Rand last...
Banking is necessary, banks are not.

Banking is necessary, banks are not.

Bill gates said it in 1994, “Banking is necessary, banks are not”. The South African banking environment is evolving rapidly....
USD/ZAR stays low as US interest rates are increased

USD/ZAR stays low as US interest rates are increased

We still think this Rand is going higher, and only a close below the short-term trend line will show us...
What is a SWIFT CODE?

What is a SWIFT CODE?

When making an international payment, you’ll need the full beneficiary name, account number, bank name, bank code and Swift code....
4 Tips to help you expand your business overseas

4 Tips to help you expand your business overseas

If you’ve decided to expand your business overseas then chances are you’ve probably considered some of the issues we’ve highlighted...
How do I set up an fx paymaster Account ?

How do I set up an fx paymaster Account ?

The quickest and easiest way to set up an account with fx paymaster is to register online. We’ve streamlined our...
How to pay international Suppliers

How to pay international Suppliers

How important is it to consider the way you pay foreign suppliers? Better exchange rates can make a big difference...
Reduce your FX Risk on Future Payments

Reduce your FX Risk on Future Payments

If your business Imports or Exports, then you are exposed to exchange rate risk. Whatever industry you’re in, volatility in...
South African Rand move back up to 12.52 highly anticipated

South African Rand move back up to 12.52 highly anticipated

USD/ZAR - The Rand regained 50% of its losses from Monday/Tuesday Possible best buying today around 12.40 with a move...
US dollar blasts through 12.45 against the Rand

US dollar blasts through 12.45 against the Rand

The US dollar blasted through 12.45 level yesterday and all the way up to 12.65 versus the Rand. Opening this...
5 Must-Know Tips

5 Must-Know Tips

Protect your profits, cut your FX costs and hedge your FX risk Benchmark your bank. Use an intermediary broker to...
1 Minute guide

1 Minute guide

In this article, we aim to break down the complexities of one of the most underrated forex products available in...
Four Factors Shaping the Future of International Payments

Four Factors Shaping the Future of International Payments

The international payment landscape is evolving rapidly. These days, customers demand simple products, better rates, lower costs & increased transparency,...