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What is the British Pound to South African Rand Rate Today? | |
| The live GBP/ZAR exchange rate is | 23.0979 |
| Change on Previous Day's Close | -0.12% |
How does Today's South African Rand Rate Compare with Previous Rates? | |
| Today's opening exchange rate is | 23.1266 |
| Today's lowest exchange rate is | 23.0408 |
| Today's best exchange rate is | 23.1695 |
| Best exchange rate of the year-to-date is | 24.72 (01-06-2023) |
| The lowest exchange rate of the year-to-date is | 22.3802 (02-11-2023) |
The Rand crumbled alongside the Chinese Yuan and Euro on Wednesday as the nascent U.S. Dollar resurgence endured for a fourth day, with U.S.-China tensions being the source of the sell-off while the November presidential election presidential election presents itself as key to the outlook.
September 23,2020
The Rand was in comeback mode Tuesday having outperformed major developed and emerging market rivals but the South African currency has significant scope to advance further in the months ahead, according to upgraded forecasts from Goldman Sachs.
September 22,2020
The Rand snapped a five-day winning streak Friday after the Department of Commerce pulled the rug out from under the feet of two social media firms and in the process, the Chinese Yuan, causing risk currencies to falter and reminding investors of the stakes at play in the looming U.S. presidential election.
September 18,2020
The Rand shone Thursday after the South African Reserve Bank (SARB) eschewed what would’ve been its fifth rate cut this year despite a darkening economic outlook that forced a downgrade of the bank’s GDP forecasts.
September 17,2020
The Rand charged higher alongside the Chinese Yuan and international stock markets on Tuesday but may rise even further before month-end, according to new research from Investec, although Thursday's South African Reserve Bank (SARB) interest rate decision is a risk that could scupper the outperforming currency.
September 16,2020
The Rand softened on Thursday but newly upgraded forecasts from Commerzbank suggest it can hold on near to its current one-month highs through year-end, although crumbling infrastructure and long established market concerns about debt levels still mar the medium-term outlook.
September 10,2020
The South African Rand was left reeling by news the economy shrank by more than markets were expecting, while a rout of global stock and commodity markets gave investors further reason to sell.
September 8,2020
The South African Rand is forecast to extend its multi-week recovery into the the end of the year according to South African lender Investec, with gains driven by an ongoing recovery in the global economy that is propping up Emerging Market currencies as well as a rebound in South African economic growth.
September 7,2020
The Rand beat a hasty retreat from the Dollar and Pound again on Wednesday as the underperformance that characterised month-end returned at the midpoint of the new week, although the correlation between USD/ZAR and the local stock market remained firm.
September 2,2020
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