What is the British Pound to South African Rand Rate Today? | |
| The live GBP/ZAR exchange rate is | 23.024 |
| Change on Previous Day's Close | +0.77% |
How does Today's South African Rand Rate Compare with Previous Rates? | |
| Today's opening exchange rate is | 22.8501 |
| Today's lowest exchange rate is | 22.7883 |
| Today's best exchange rate is | 23.1139 |
| 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 South African Rand’s deepening losses led GBP/ZAR to test an important level of technical support on the charts early in the new week but local industrial data and U.S. inflation figures are among the factors that could yet hamper, halt or perhaps even reverse the rally in the latter half of the week.
August 8,2023
The Pound to South African Rand exchange rate climbed further from three-month lows early in the new week but would risk losses back to a notable support level on the chart from Thursday if the latest Bank of England (BoE) decision ruffles feathers in the speculative market.
August 1,2023
The Pound to South African Rand exchange rate rebounded off a major technical support level on the charts in midweek trade but could struggle to lift far off it in the wake of interest rate decisions from the Federal Reserve (Fed) and European Central Bank (ECB) on Wednesday and Thursday.
July 26,2023
The Pound to Rand exchange rate appeared to be finding its feet near notable technical support on the charts ahead of the weekend and after the South African Reserve Bank (SARB) signaled that its next move would likely be an interest rate cut if inflation remains contained during the intervening months.
July 21,2023
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The Pound to Rand exchange rate fell heavily in the opening half of the week but could be in line for a minor rebound from Wednesday if inflation falls further in South Africa and the South African Reserve Bank (SARB) leaves its cash rate unchanged.
July 19,2023
The Pound to South African Rand exchange rate fell early in the new week but while it could descend deeper into the valley of a now receding rally on the charts, there is also the possibility of it rebounding into the 24.50 area around midweek, where GBP/ZAR has struggled to sustain momentum several times recently.
July 11,2023
The Pound to Rand exchange rate fell from fortnight highs early in the new week as the South African currency made up for ground lost prior to the weekend but with a cluster of technical support levels acting as a buoyancy aid nearby on the charts, GBP/ZAR could be likely to remain above 23.0 over the coming days.
July 4,2023
The Pound to Rand exchange rate ebbed back toward its June lows early in the new week and ahead of the month-end but could be set for further losses up ahead should local and international economic developments remain aligned in supporting a recent recovery of the South African currency.
June 27,2023
The Pound to Rand exchange rate steadied near some of its softest levels since the opening of May early in the new week but its path ahead is clouded by uncertainty about the outcome of inflation updates on both sides of the GBP/ZAR equation and the Bank of England (BoE) interest rate outlook.
June 20,2023
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