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What is the British Pound to South African Rand Rate Today? | |
| The live GBP/ZAR exchange rate is | 23.528 |
| Change on Previous Day's Close | +0.14% |
How does Today's South African Rand Rate Compare with Previous Rates? | |
| Today's opening exchange rate is | 23.4538 |
| Today's lowest exchange rate is | 23.4538 |
| Today's best exchange rate is | 23.5685 |
| 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 recovered from a 2020 low Tuesday but is vulnerable to fresh losses in the days ahead given weakness in China's Renminbi resulting from fears over the coronavirus that's spreading there, adding an international dynamic to a full sleight of risk already hanging around the ankles of South Africa's currency.
January 21,2020
The Rand ceded ground to a weakening Dollar and recovering Pound Thursday after the South African Reserve Bank (SARB) surprised markets by cutting both its benchmark interest rate as well as economic forecasts.
January 17,2020
The Pound-to-Rand rate is vulnerable to losses if the Bank of England (BoE) interest rate outlook continues to sour, according to Rand Merchant Bank (RMB), even though South Africa's currency is itself tipped for more underperformance as mounting budgetary challenges rankle with investors.
January 15,2020
The Rand was left badly bruised after being pilloried late Friday when President Cyril Ramaphosa accepted the surprise resignation of Eskom Chairman Jabu Mabuza, prompting a knee-jerk dive lower by the South African currency.
January 12,2020
The Rand sat out an emerging market rebound Thursday and could hit a record low in 2020 if Moody's goes ahead with a rating downgrade, according to one influential economist who's also told clients that such losses won't last for long.
January 10,2020
The Rand steadied on Monday after an Iran-related sell-off brought an end to a weeks-long period of gains late last week although South Africa is now facing a three-quarter-long recession, according to economists at Investec, who forecast fresh losses against the Dollar and Pound for the year ahead.
January 7,2020
The Rand advanced to a five-month high against the Dollar Friday amid speculation that a deal to end the U.S.-China trade war could be announced ahead of the weekend, although it met resistance from a Pound Sterling that’s been boosted by a landslide election win for the Conservative Party.
December 13,2019
The Rand was buoyant Wednesday amid steady Dollar exchange rates and after President Cyril Ramaphosa revealed that "sabotage" was behind the recent load-shedding at Eskom that brought some parts of the economy to a standstill this week, although some say the discovery is unlikely to be a gamechanger for South Africa's currency.
December 11,2019
South Africa’s final-quarter economic performance was at risk Tuesday after load-shedding at troubled power utility Eskom shuttered the country’s mines, prompting a sharp fall in the Rand, which is also nervously eyeing the Federal Reserve (Fed) and White House tariff threats.
December 10,2019
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