Live British Pound to South African Rand Exchange Rate(GBP/ZAR) Interbank Conversion:

What is the British Pound to South African Rand Rate Today?

The live GBP/ZAR exchange rate is23.9074
Change on Previous Day's Close0%

How does Today's South African Rand Rate Compare with Previous Rates?

Today's opening exchange rate is23.9065
Today's lowest exchange rate is23.8702
Today's best exchange rate is23.9293
Best exchange rate of the year-to-date is24.72 (01-06-2023)
The lowest exchange rate of the year-to-date is21.8501 (03-04-2023)

News and Forecasts:

The South African Rand was an underperformer among comparable currencies in the week to Friday but could rally by five percent or more if a recently announced plan to fill the national energy supply deficit pans out in the months ahead, according to RBC Capital Markets. 

February 10,2023

The Pound to Rand exchange rate has been quick to pare early February losses and third party central bank events may lead to further gains this week but there is also potentially the risk of a State of the Nation Address (SONA) surprise that could be very bearish for GBP/ZAR on Thursday.

February 8,2023

The Rand struggled for traction in the penultimate session of the week as the Dollar pared earlier losses but some offshore analysts have tipped the South African currency as a buy and Wednesday's Federal Reserve (Fed) press conference may have bolstered confidence in its prospects. 

February 2,2023

A softening South African Rand helped to lift GBP/ZAR alongside USD/ZAR and others in the penultimate session of the week after the South African Reserve Bank (SARB) downgraded forecasts for the local economy and lifted its cash rate by less than many forecasters were anticipating. 

January 26,2023

The Pound to Rand exchange rate is one of the best performing Sterling pairs of the year thus far and could be set to retain an upside bias in the days ahead owing to abundant headwinds weighing on the South African currency.

January 24,2023

 

The Pound to Rand exchange rate remained buoyant around the 21.0 level and close to one-month highs in mid-week trade after South African inflation surprised on the downside of expectations in contrast to the picture in Britain where core inflation remained stubbornly elevated at year-end. 

January 23,2023

The Pound to Rand exchange rate climbed to one-month highs early in the new week and appeared on course to rise back above the 21.0 handle for a period of time in the days ahead but much likely depends on the central bank policy implications of dual inflation reports due out on Wednesday. 

January 17,2023

The Pound to Rand exchange rate has reversed its New Year losses and with the South African currency emerging as a tentative underperformer in the G20 bucket thus far Sterling could now be in the early stage of an attempted recovery toward its December highs.

January 10,2023

The Pound to Rand exchange rate entered the New Year on the back foot and with early trades pulling Sterling closer toward the 20.32 to 19.77 range it would trade in when fully discounted by the recently wider inflation and interest rate differentials between the UK and South Africa. 

January 4,2023

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