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 South African Rand came under selling pressure on Monday after ratings agency Moody's announced it had cut its forecasts for South African economic growth in 2020, leading to heightened speculation that the move precedes a downgrade to South Africa's sovereign credit rating at the credit rating agency next month.
February 17,2020
The Rand gained on the Pound and Dollar Friday as risk assets rallied toward the weekend although some analysts are warning of a renewed depreciation over the coming weeks as the end-February annual budget draws closer amid a fragile international backdrop.
February 14,2020
The Pound-to-Rand rate steadied on Wednesday and is now looking to 2020's state-of-the-nation (SONA) address from President Cyril Ramaphosa to avert what risks becoming a third consecutive week of losses.
February 12,2020
The Rand soared higher against the Pound and Dollar Tuesday as investors chased risk assets the world over amid a more upbeat mood in global markets although analysts say that gains could be limited by both domestic as well as international factors in the weeks ahead.
February 11,2020
The Rand outperformed almost all of its rivals Tuesday as China's Yuan bounced off of Monday's lows amid a recovery of investor risk appetite that could lift the South African currency further over the coming days, although domestic risks could scupper any protracted upward move later this month.
February 4,2020
The South African Rand is recording gains at the start of the new week as global markets bet that the coronavirus outbreak is close to peaking, however an analyst at South African lender Investec says the Rand remains at risk of triggering new multi-year lows.
February 3,2020
The Rand was walloped on Friday by a toxic mix of domestic concerns about Eskom and international fears over the rapidly spreading coronavirus from China, although neither ailment is likely to ease any time soon and some analysts say the South African currency is poised for more losses.
February 2,2020
The South African Rand is likely to remain soft heading into the key February 26 budget, as the Government's tax and spend plans for 2020-2021 could well determine how ratings agencies adjust their guidance on the country.
January 28,2020
The South African Rand is a notable laggard on global foreign exchange markets at the start of the new week, with the currency being weighed down by global risks in the form of the Coronavirus outbreak in China and rising anxieties as a critical Moody's ratings decision approaches.
January 27,2020
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