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What is the British Pound to South African Rand Rate Today? | |
| The live GBP/ZAR exchange rate is | 23.8145 |
| Change on Previous Day's Close | -0.02% |
How does Today's South African Rand Rate Compare with Previous Rates? | |
| Today's opening exchange rate is | 23.8185 |
| Today's lowest exchange rate is | 23.8128 |
| Today's best exchange rate is | 23.8465 |
| 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 built further on a lengthy run of outperformance in the midweek session after official data cast South Africa’s economy in a brighter light than markets previously viewed it, which has in turn bolstered what is a favourable South African Reserve Bank (SARB) policy outlook.
June 9,2022
The Pound to Rand rate fell to its lowest for almost two months early in the new week but could be likely to stabilise above the nearby 19.27 level over the coming days after the South African currency was stalled by a series of key resistance levels against the Dollar on the charts.
June 6,2022
The Pound to Rand exchange rate is trading within a narrowing consolidation range that could be likely to span the gap between 19.4733 and 19.8564 in the days ahead, although directional risks may be on the upside if the Dollar finds its feet following a fortnight-long decline.
May 31,2022
The Pound to Rand rate eased lower in the opening session of the new week and could be set to remain sidelined beneath its early May highs as the South African currency benefits from a supportive central bank policy outlook, a softening of the U.S. Dollar and a partial rebound by the Renminbi.
May 23,2022
The Rand extended an earlier rally with further sharp gains over many counterparts after the South African Reserve Bank (SARB) announced its largest increase in its cash rate for six years and raised its forecasts to suggest that borrowing costs are likely to rise further in the months ahead.
May 19,2022
The Pound to Rand exchange rate has sat out a rally in Sterling and would likely be at risk of slipping back toward its May lows in the days ahead if China’s Renminbi furthers a nascent rebound and if the U.S. Dollar continues to cool its heels following a lengthy advance.
May 17,2022
The Pound to Rand exchange rate has attempted to further its April rebound in recent trading but could struggle for upward momentum on any recovery above 20.00 and would be at risk of sliding back toward 19.45 in days ahead as and when the USD/ZAR pair eases further from its latest highs.
May 10,2022
The Pound to South African Rand exchange rate reversed its late April gains at the opening of a holiday-shortened week but could be at risk of slipping back toward last month's lows in the days ahead owing to a mixture of Bank of England (BoE) and Federal Reserve (Fed) monetary policy.
May 3,2022
The South African Rand was trading near its 2022 low in the midweek session following its largest weekly fall since March 2020 but one trader at Credit Suisse says the sell-off looks “overdone” and that it could soon be followed by a corrective fall in USD/ZAR.
April 27,2022
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