What is the British Pound to South African Rand Rate Today? | |
| The live GBP/ZAR exchange rate is | 23.0753 |
| Change on Previous Day's Close | +0.05% |
How does Today's South African Rand Rate Compare with Previous Rates? | |
| Today's opening exchange rate is | 23.0633 |
| Today's lowest exchange rate is | 23.0413 |
| Today's best exchange rate is | 23.0831 |
| Best exchange rate of the year-to-date is | 24.5934 (23-02-2024) |
| The lowest exchange rate of the year-to-date is | 22.4404 (07-11-2024) |
The Rand remained in retreat from post-March highs Friday after being turned away from them when a South African Reserve Bank (SARB) interest rate cut crushed local bond yields, and some analysts say the domestic stock markets will be key to the outlook from here.
July 24,2020
The Rand advanced on the Dollar and Pound Friday, leaving it on course for a fourth consecutive week of gains over major currencies but the South African unit is close to topping out, according to some analysts, with narrow ranges seen prevailing into year-end.
July 19,2020
The South African Rand's recovery against the Pound, Dollar and Euro can extend according to a market analyst we follow, with gains likely to come even as the country faces an increasingly difficult battle with covid-19.
July 15,2020
The South African Rand traded broadly higher at the start of the new week in tandem with the improved mood amongst the world's trading community which remains ultimately focussed on the global economic recovery, even if there are still covid-19 hot spots in the U.S. and around the world to worry about.
July 13,2020
The Rand advanced on the Dollar, Pound and Euro Wednesday as many emerging market currencies drew a bid from investors even with stock markets and other risk assets on the back foot, although South African outperformance came amid a rise in bond yields that could prove a lure for investors.
July 8,2020
The South African Rand has appreciated in value of late, driven largely by improving global dynamics, however analysts at South African investment bank and commercial lender Investec say the domestic picture suggests the currency will remain weak for a number of years.
July 2,2020
The Rand was rebounding from earlier lows at the start of the new month as global risk appetite picked back up and after having gotten no help from better-than-expected GDP data, although Investec says the South African currency should remain on a recovery path into year-end, but a volatile one.
July 1,2020
The Rand outperformed Thursday on stabilising risk appetite and as the South African currency caught up with the local bond market following Finance Minister Tito Mboweni's emergency budget, but analysts say the upside is limited while a second wave of U.S. coronavirus infections is threatening the rally.
June 25,2020
The Rand was retreating from a strengthening Dollar on Wednesday the warm reception initially given to Finance Minister Tito Mboweni's emergency budget was overcome by a tide of risk aversion as trade tensions resurfaced and fears of a second coronavirus wave lingered.
June 25,2020
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