What is the British Pound to South African Rand Rate Today? | |
| The live GBP/ZAR exchange rate is | 23.024 |
| Change on Previous Day's Close | +0.77% |
How does Today's South African Rand Rate Compare with Previous Rates? | |
| Today's opening exchange rate is | 22.8501 |
| Today's lowest exchange rate is | 22.7883 |
| Today's best exchange rate is | 23.1139 |
| 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 Pound to South African Rand exchange rate is one of the better performing Sterling pairs of the year but its rally has stalled since the middle of April while on both sides of the equation there are reasons emerging for why GBP/ZAR might be in the process of topping out.
April 20,2023
The Pound to South African Rand exchange rate has risen to almost three-year highs in recent trade and the risk is of it climbing further in the weeks and months ahead but significant technical resistances near and above 23.50 could limit any additional gains for Sterling.
April 13,2023
The Pound to South African Rand exchange rate has retreated from almost two-year highs in recent trade but a heightened risk of further increases in the South African Reserve Bank (SARB) cash rate could mean that GBP/ZAR now struggles to resume its earlier uptrend in the weeks ahead.
April 5,2023
The Rand rallied across the board in the penultimate session of the week after the South African Reserve Bank (SARB) raised its interest rate further than was expected and indicated that further increases would be likely if local inflation risks persist through the months ahead.
March 30,2023
The Pound to South African Rand exchange rate rally has stalled at more than two-year highs in recent days but it could remain elevated near those levels if domestic economic difficulties lead the South African Reserve Bank (SARB) to adopt an "incrementally more dovish" stance on Thursday.
March 28,2023
The Pound to South African Rand exchange rate has risen sharply in recent weeks to establish itself with a tentative toehold above the 22.0 handle but it could also struggle to extend the rally by much beyond its current levels in the immediate period ahead.
March 26,2023
The Pound to Rand exchange rate entered the new week on the front foot and could remain buoyant close to 18-month highs up ahead as Sterling and its South African counterpart navigate a busy schedule of domestic economic risks and a turbulent global market backdrop.
March 13,2023
The South African Rand was a middle-of-the-road performer for the period in the final session of the week but is said to be at risk of losses in the short term while shifting fundamental drivers might be likely to see the currency trade differently over the medium term too, according to Goldman Sachs research.
March 10,2023
The Pound to South African Rand exchange rate was lifted by a tripartite of favourable influences early this week and might have scope to edge higher still but much depends on if Sterling and the Dollar remain on their current trajectories as well as on what comes out of the U.S. economic calendar.
February 28,2023
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