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) |
Technical studies suggest the Pound remains favoured over the South African Rand, but expect volatility to be provided by the release of South African GDP data and a decision on Eskon tariffs.
March 4,2019
The Rand has risen more than 1% against the U.S. Dollar and other major currencies in the last week and could go on to enjoy a solid bid from the market throughout the coming month, according to economists at Investec Bank, although Moody's could soon gatecrash the party in South Africa.
February 26,2019
The Pound-to-South-African-Rand rate was trading at 18.07 Monday after rising more than 0.5% in the previous week, although the exchange rate is set to remain directionless within an established multi-month range during the days ahead.
February 25,2019
The Rand was volatile Wednesday after Finance Minister Tito Mboweni set out its latest budget plan and as markets attempt to gauge whether its proposals for the public finances will be enough to save the nation's top credit rating.
February 24,2019
Investors are seen selling the South African unit ahead of the country's annual fiscal statement as uncertainty over the state of the national utility supplier Eskom, as well as the possible introduction of new laws on land reform, weigh on the outlook.
February 19,2019
The Rand will be vulnerable to further losses during the months ahead, according to analysts at UniCredit Bank, who are telling clients to sell the South African currency ahead of next week's budget statement from the government.
February 14,2019
The Rand is at risk of fresh weakness during the months ahead according to economists at Investec Bank, who say South Africa could see the outlook for its credit rating downgraded if the February budget does not go according to plan.
February 12,2019
From a technical perspective, the short-term trend in the Pound-Rand exchange rate may be changing to 'up' after the rise this morning broke to new highs, above the previous February 07 highs.
February 11,2019
The Rand pared losses against rivals in a risk-off market Thursday after President Cyril Ramaphosa set out plans for righting the capsized ship that is national power utility Eskom, and reaffirmed his commitment to saving the nation's top credit rating.
February 8,2019
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