What is the British Pound to South African Rand Rate Today? | |
| The live GBP/ZAR exchange rate is | 23.0691 |
| Change on Previous Day's Close | +0.02% |
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 | 23.0413 |
| Today's best exchange rate is | 23.0831 |
| 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) |
Sterling is up more than 5% against the Rand over the week, aided by a repricing of UK interest rate expectations and a sharpening focus by the market on South Africa's credit rating.
October 26,2017
Falling tax receipts and general revenue underperformance could see the South African budget deficit rise to 4.5% of GDP in 2018, endangering its investment grade status, but the right mix of policies in the forthcoming budget may mean it avoids action from the ratings agencies.
October 24,2017
The Pound-to-South African Rand seems to have finished correcting back and now looks poised to advance in the coming, helped by subsiding Brexit fears and what many expect to be a disappointing budget.
October 23,2017
The South African Rand started moving down as the Dollar moved higher at the end of the trading week, inversely mirroring the movements of the greenback.
October 21,2017
There are three candidates and much is at stake in the forthcoming ANC leadership vote. The Rand could either fall sharply or gain by a double-digit number in response to delegates' choice of leader to fight the 2019 election.
October 18,2017
The Pound-to-Rand exchange rate's short-term trend higher stalled following a major ruling by the supreme court against President Zuma, and the exchange rate has since started moving lower; now it is expected to continue until it meets a bundle of tough support levels in the 17.40s.
October 17,2017
The South African Rand jumped against its peers ahead of the weekend after the Supreme Court of Appeal rejected the South African president’s attempt to avoid corruption charges.
October 15,2017
Careful structuring of October's budget statement may help South Africa to avoid a ratings downgrade this year, but fiscal pressures and politics may threaten its investment grade status in 2018.
October 12,2017
The charts foretell of more weakness for the Rand; its attractiveness to investors has been brought into question by an increasingly risky political and economic backdrop, and it is falling due to an inverted relationship to the strengthening Dollar.
October 9,2017
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