What is the British Pound to South African Rand Rate Today? | |
| The live GBP/ZAR exchange rate is | 23.0065 |
| Change on Previous Day's Close | -0.25% |
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 | 22.996 |
| 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) |
Despite the Pound falling sharply against the South African Rand at the start of the new week, our technical studies suggest GBP/ZAR still has the potential to climb this week.
July 29,2019
The Rand fell sharply during the final sessions of trading ahead of the weekend after Moody's warned that a government plan to rescue ailing power utility Eskom is endangering South Africa's top credit rating, although Standard Bank is still standing behind its bullish forecasts for the currency.
July 26,2019
The Rand is vulnerable to a reversal of its recent gains over the coming weeks and months, according to analysts at Commerzbank, who say a government plan to save the ailing power utility Eskom from insolvency is putting South Africa's top credit rating at risk.
July 25,2019
The Pound-to-Rand rate was trading around 17.28 Tuesday following six weeks of losses, although studies of the charts suggest the pair has now found support and could be due a period of sideways consolidation over the coming days.
July 23,2019
The Rand ceded ground to a stabilising Dollar and Pound Friday but the outlook for the currency going forward has now been dented by a South African Reserve Bank (SARB) interest rate cut and the prospect of further easing to come, according to TD Securities.
July 19,2019
The South African Rand extended gains over the Pound and Dollar in the final session of the week as investors continued to reward the central bank's decision not to cut interest rates as much as the market had been anticipating.
July 19,2019
The Rand could benefit disproportionately from a continued rally in emerging market because "real yields" on government bonds are at their highest in years, according to analysts at Bank of America, who're eyeing South Africa's inflation-busting returns while Credit Suisse is tipping the currency as a buy.
July 17,2019
The Pound-to-Rand rate wass trading around 17.38 on Monday after having fallen almost a full percentage point thus far in the new week, but studies of the charts suggest the pair will probably stall and go sideways in the days ahead as momentum wanes and Sterling hits a tough floor of support.
July 15,2019
The Rand extended a stellar run of gains on Friday and many say that it has scope to rise even further in the weeks ahead however, analysts at Rand Merchant Bank (RMB) and Morgan Stanley have warned the South African currency risks running out of steam and head on into the difficult realities of the economic reform process.
July 12,2019
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