How can I get the best exchange rate between the US dollar and the Swazi lilangeni?
When it comes to exchanges between the US dollar and the Swazi lilangeni, your options are more limited. The Swazi lilangeni is pegged to the South African rand on a 1-to-1 basis and exchanging between those two currencies is far easier.
The most convenient and cheapest option if you’re traveling to Swaziland is to exchange your US dollars to South African rands and spend that instead. South African rands is widely accepted in Swaziland and available from banks and foreign exchange offices both in the US and South Africa.
Don’t forget to check the rates of an online money transfer service, as these generally offer the most competitive exchange rates for swapping US dollars to the Swazi lilangeni or South African rand. When comparing, make sure to look at service fees as well.
The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
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$1, $5, $10, $20, $50, $100
1c, 5c, 10c, 25c, 50c
The lilangeni is the official currency of Swaziland, a small, landlocked monarchy in southern Africa. It’s held at the same fixed rate as the South African rand. Considered interchangeable, the Swazi Lilangeni and the rand are accepted by most businesses as payment.
L , E (pl.)
Sub unit symbol:
E10, E20, E50, E100, E200
1c, 2c, 5c, 10c, 20c, 50c, L1, E2, E5
What affects exchange rates between the US dollar and the Swazi lilangeni?
Since the Swazi lilangeni is pegged to the South African rand at par, you should pay attention to what affects the exchange rate between the US dollar and the rand. As a free floating currency, the exchange rate of the South African rand is determined by the demand for it on the global currency market, where prices change by the second.
Economic growth in South Africa and developments in the mining sector have a big effect on the exchange rate between the rand and the dollar. In particular, prices of commodities like gold and diamonds directly affect the value of the rand compared to the dollar. In most cases, higher gold prices will drive up the value of the rand compared to the dollar — which would directly influence the Swazi lilangeni
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How does the Swazi lilangeni trade against the US dollar historically?
The exchange rate between the US dollar and the Swazi lilangeni has fluctuated quite a bit over the years. During the past 10 years, the lilangeni was as strong as 7.5 per dollar and as weak as 16.5 per dollar. The lilangeni has consistently been losing its value compared to the US dollar.
In 2012, a slump in revenues from the important mining sector contributed to an even lower value for the lilangeni. On top of that, the value of the currency has also suffered from the political situation in South Africa.
Since 2016, we’ve finally seen a strengthening of the lilangeni again compared to the US dollar. This could be due to the comeback of the mining industry and partly because of the lower value of the US dollar compared to other major currencies.
US Dollar to the Swazi Lilangeni for the last 10 days
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US Dollar to the Swazi Lilangeni for the last 10 months
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US Dollar to the Swazi Lilangeni for the last 10 years
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Market rate for common transfer amounts USD to SZL
Adrienne Fuller is the head of publishing at Finder. With a decade of experience creating guides in finance and education, she aims to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. For the past 3 years she has been the publisher of money transfers, helping readers save when they send money all over the globe. She has a BA from Colorado College and loves to hike with her two Catahoula dogs around her home in San Diego.
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