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


Top Story:

South African Rand Slips after Reserve Bank says Fewer Rate Hikes Needed

South African Rand Slips after Reserve Bank says Fewer Rate Hikes Needed


The Rand weakened Thursday after the South African Reserve Bank (SARB) said the nation's inflation outlook has improved significantly since its November policy statement and there is now less reason for it to raise interest rates again any time soon. 


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 17.8257
Change on Previous Day's Close +0.1048%

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

Today's opening exchange rate is 17.8068
Today's lowest exchange rate is 17.7569
Today's best exchange rate is 17.9143
Best exchange rate of the year-to-date is 19.8992 (06-09-2018)
The lowest exchange rate of the year-to-date is 15.9885 (24-02-2018)

News and Forecasts:

ABSA: Pound can go Higher Still vs. South African Rand

  • Written by Joaquin Monfort

ABSA

Technical studies suggest the Pound-to-South African Rand rate has probably started a new longer-term uptrend after the pair rose from the key October lows at circa 18.30 while the country's largest lender ABSA sees further GBP/ZAR upside.

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South African Rand Firm Ahead of Key Moody's Review

  • Written by James Skinner

The Rand cruised higher against rivals in the final session of the week after the U.S. Dollar's advance was stemmed by an earlier sell-off in the American stock market, but Moody's latest credit rating decision now looms large over South Africa. 

Read more ...

South African Rand's 'Mboweni Bounce' Might be Shortlived

  • Written by James Skinner

Nene SA Rand

The Rand recoiled from earlier losses and surged higher Tuesday after President Cyril Ramaphosa appointed a former governor of South Africa's central bank to the post of finance minister following the sudden resignation of his scandal-tainted predecessor. 

Read more ...