Pound to Euro Forecast | Pound to Dollar Forecast | Euro to Dollar Forecast | Pound to Australian Dollar Forecast | Pound to New Zealand Dollar Forecast | Pound to Canadian Dollar Forecast
What is the British Pound to South African Rand Rate Today?
|The live GBP/ZAR exchange rate is||22.4709|
|Change on Previous Day's Close||+0.3235%|
How does Today's South African Rand Rate Compare with Previous Rates?
|Today's opening exchange rate is||22.3985|
|Today's lowest exchange rate is||22.3279|
|Today's best exchange rate is||22.4649|
|Best exchange rate of the year-to-date is||23.0186 (12-04-2023)|
|The lowest exchange rate of the year-to-date is||18.6615 (26-09-2022)|
The South African Rand and Japanese Yen are among the market's biggest fallers so far in 2023 but both might benefit if a successful passage of legislation to raise the U.S. government debt ceiling leads to stability in the world's largest government bond market and a softening of the Dollar.
The South African Rand narrowly avoided a new record low against the Pound on Thursday after sinking in response to a South African Reserve Bank (SARB) decision to adopt a "restrictive" interest rate policy as part of its effort to return inflation to within the target band.
The Pound to Rand exchange rate has receded from seven-year highs and could unwind more of its recent rally if the South African Reserve Bank (SARB) succeeds in steadying its undervalued currency this Thursday but risks are finely balanced to the up and downside for GBP/ZAR.
The Pound to South African Rand exchange rate entered the new week in remission following a near miss with record highs in earlier trade but could fall further and potentially as far as the 23.50 area if the Dollar remains docile and domestic economic data keeps to an even keel.
The Rand neared record lows against the Pound, Dollar, Euro, and some others this week but recent losses have merely brought it into line with the South African Reserve Bank (SARB) forecasts of April while the risk of a policy response and other factors might soon help the currency back onto its feet.
The Pound to South African Rand exchange rate entered a new and holiday-shortened week near post-pandemic highs but could be likely to oscillate around the 23.0 level in the days ahead with the risk being of a corrective setback if the U.S. Dollar rolls over following Wednesday's Federal Reserve (Fed) decision.
The Pound to Rand exchange rate has held onto the bulk of its April gains in recent trade and may be in the process of establishing a foothold near the 22.40 level but the upside is likely hinged on Dollar factors and South Africa's producer prices figures out on Wednesday.
The Pound to South African Rand exchange rate is one of the better performing Sterling pairs of the year but its rally has stalled since the middle of April while on both sides of the equation there are reasons emerging for why GBP/ZAR might be in the process of topping out.
The Pound to South African Rand exchange rate has risen to almost three-year highs in recent trade and the risk is of it climbing further in the weeks and months ahead but significant technical resistances near and above 23.50 could limit any additional gains for Sterling.
Page 1 of 79