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 | 23.039 |
| Today's best exchange rate is | 23.1062 |
| 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 sank on Tuesday after official data revealed a larger-than-expected contraction in the economy for the third-quarter, which landed on the newswires just as markets were again becoming uneasy about the outlook for the U.S.-China trade talks.
December 3,2019
There is a solid level of support for GBP/ZAR to be found at 18.80, the pair has tested this level on two occasions since early November, and on both occasions it bounced higher.
December 2,2019
The Rand wobbled in a risk-on market Thursday after the ailing electricity mononoly Eskom said it will remain reliant on government financial support next year because it has barely more than half of the funding it requires for 2020, reminding investors of the ever-present threat to South Africa's 'investment grade' credit rating.
November 28,2019
The Rand was scraping the bottom of a proverbial barrel on Tuesday as investors bought the Dollar while also responding to another decline in the South African Reserve Bank (SARB) leading indicator of GDP growth, although analysts analysts at MUFG have tipped the currency for more losses in the weeks ahead.
November 27,2019
The Rand extended earlier gains over the Dollar and Pound Thursday after the South African Reserve Bank (SARB) signalled steady interest rates until this time next year, prompting an upturn in government bond yields that pulled the currency higher, although some forecasts suggest the 2020 outlook is dire.
November 22,2019
The Rand advanced against major currencies Tuesday amid a supportive environment for risk assets and after Eskom named a new chief executive, but the appointment is no game-changer and the U.S.-China trade talks remain the dominant driver of the putlook, analysts say.
November 20,2019
The Rand swept higher across the board Thursday in response to international developments but local analysts have said the South African currency is not out of the proverbial woods yet because domestic as well an international factors could still blight it in the days and weeks ahead.
November 14,2019
The Rand softened in the opening session of the new week after President Donald Trump cast doubt over the prospects of a trade deal being reached with China over the coming weeks, although the South African currency is being tipped as a buy at Bank of America Merrill Lynch.
November 12,2019
The Rand's gains forced the GBP/ZAR exchange rate to 'gap' lower when markets opened Monday, and our studies of the 4hr chart - used to determine the short-term outlook which includes the coming week - shows the pair falling steeply towards an important trendline.
November 4,2019
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