What is the British Pound to South African Rand Rate Today? | |
| The live GBP/ZAR exchange rate is | 23.0509 |
| 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 | 23.0858 |
| 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 suffered heavy losses Wednesday and already hit a new record low against the Dollar, according to some data vendors, as the exodus of capital from emerging market economies continued although the South African unit was accompanied by Pound Sterling on its way toward historic lows.
March 18,2020
The Rand steadied near to multi-year lows against the Pound and Dollar Tuesday as hopes of a global fiscal stimulus appeared to mount, but increased government spending in the world’s major economies might not be enough to save the South African currency from more losses in the weeks ahead.
March 11,2020
The Rand crumbled again Friday, enabling the Pound-to-Rand rate to hit a new post-referendum high after establishing itself comfortably above the 20.0 handle, as risk markets went into meltdown mode ahead of the weekend and the South African currency suffered disproportionately.
March 6,2020
One of the world's worst performing currency of the past month has been the South African Rand, and a potential series of interest rate cuts at the South African Reserve Bank could ensure that downside pressure remains a feature going forward.
March 5,2020
South Africa's Rand rose across the board Wednesday, helping reverse almost all of last week's increase in the Pound-to-Rand rate while weakness in the British currency also weighed on the exchange rate although some analysts are warning that this newfound support for the emerging market unit might not last for long.
March 4,2020
The Rand fell to its lowest level against the Pound since the Brexit referendum on Friday and hit multi-year lows against the Dollar on a toxic combination of coronavirus and credit rating concerns.
February 28,2020
South Africa's Rand swept higher on Wednesday after reversing earlier losses in response to Finance Minister Tito Mboweni's eagerly-awaited budget, which appears to have been warmly received investors who'd been hoping to see a spending plan that might avert a Moody's credit rating downgrade.
February 27,2020
The Rand is the emerging world’s worst performing currency of 2020 but the going could get tougher in the week ahead if South Africa’s 2020 budget is poorly received by the market on Wednesday.
February 26,2020
The Rand advanced against the Pound and Dollar Wednesday as investors chased risk assets with a renewed zeal but the South African currency could see further gains into month-end, according to Credit Suisse strategists, who say the market is underpricing the prospect of “supportive news” in the budget.
February 20,2020
Page 33 of 84
