What is the British Pound to South African Rand Rate Today? | |
| The live GBP/ZAR exchange rate is | 23.0682 |
| Change on Previous Day's Close | +0.96% |
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 South African Rand underperformed many other comparable currencies in adverse international market conditions ahead of the weekend and following a "greylisting" decision from the Financial Action Task Force (FATF).
February 24,2023
The South African Rand rose broadly in mid-week trade while South African bond yields fell as financial markets cheered success and promises of further progress in the government's effort to improve the public finances despite a difficult economic climate.
February 22,2023
The Pound to Rand exchange rate reached 18-month highs early in the new week amid a broad rally in Sterling and widespread losses for the Rand but GBP/ZAR could potentially rise further in the days ahead as South Africa's energy crisis risks fomenting an economic disaster.
February 21,2023
The South African Rand rose against an underperforming Pound in mid-week trade but lagged behind others after retail sales figures surprised on the low side of expectations and inflation numbers led some analysts to suggest an end of the South African Reserve Bank (SARB) interest rate cycle is near.
February 15,2023
The Pound to Rand exchange rate built further on recent gains early this week and could have scope to reach two-year highs around the 22.0 handle up ahead if economic data remain conducive to a stronger Sterling and softer Rand, or if the U.S. Dollar rebounds from nascent losses.
February 14,2023
The South African Rand was an underperformer among comparable currencies in the week to Friday but could rally by five percent or more if a recently announced plan to fill the national energy supply deficit pans out in the months ahead, according to RBC Capital Markets.
February 10,2023
The Pound to Rand exchange rate has been quick to pare early February losses and third party central bank events may lead to further gains this week but there is also potentially the risk of a State of the Nation Address (SONA) surprise that could be very bearish for GBP/ZAR on Thursday.
February 8,2023
The Rand struggled for traction in the penultimate session of the week as the Dollar pared earlier losses but some offshore analysts have tipped the South African currency as a buy and Wednesday's Federal Reserve (Fed) press conference may have bolstered confidence in its prospects.
February 2,2023
A softening South African Rand helped to lift GBP/ZAR alongside USD/ZAR and others in the penultimate session of the week after the South African Reserve Bank (SARB) downgraded forecasts for the local economy and lifted its cash rate by less than many forecasters were anticipating.
January 26,2023
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