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Pound to South African Rand Live Exchange Rates, Forecasts, News and Analysis


Top Story:

Rand Takes Interest Rate Cut in its Stride after Reserve Bank Neglects to Indulge Market on Outlook

Rand Takes Interest Rate Cut in its Stride after Reserve Bank Neglects to Indulge Market on Outlook


The Rand advanced against the Pound and Dollar Thursday after the South African Reserve Bank (SARB) neglected to indulge a bond market that had been betting signficant interest rate cuts will be delivered by year-end. 


Data:

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 is 17.3828
Change on Previous Day's Close -0.0406%

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

Today's opening exchange rate is 17.3955
Today's lowest exchange rate is 17.3653
Today's best exchange rate is 17.4017
Best exchange rate of the year-to-date is 19.8992 (06-09-2018)
The lowest exchange rate of the year-to-date is 17.1401 (28-07-2018)

News and Forecasts:

South African Rand Seen Running Out of Steam and into Reform Challenges 

  • Written by James Skinner

The Rand extended a stellar run of gains on Friday and many say that it has scope to rise even further in the weeks ahead however, analysts at Rand Merchant Bank (RMB) and Morgan Stanley have warned the South African currency risks running out of steam and head on into the difficult realities of the economic reform process.

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Pound-Rand Outlook: Still Poised to Break Lower

  • Written by Joaquin Monfort

Rand outlook

The Pound-to-Rand exchange rate is trading at around 17.69 on Tuesday, after a 0.2% decline already so far this week, and studies of the charts suggest the pair could go lower subject to a break below the July 4 lows.

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The Rand is Eyeing Return to February Highs says Commerzbank Technical Analyst

  • Written by James Skinner

The Rand softened during the early noon session Wednesday but it's likely to return toward its February highs against the Dollar over the coming weeks and months according to technical analysts at Commerzbank, who say the South African currency's break above its May peak has now cleared the way for further gains. 

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