What is the British Pound to South African Rand Rate Today? | |
| The live GBP/ZAR exchange rate is | 23.0244 |
| 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 South African Rand fell in rough market conditions ahead of the weekend while analysts reiterated bearish outlooks for the currency owing in large part to a hawkish Federal Reserve (Fed) interest rate policy.
September 24,2022
The South African Rand was an outperformer ahead of September's Federal Reserve policy decision but could rise further against some currencies ahead of the weekend if the South African Reserve Bank (SARB) outpaces its U.S. counterpart when lifting its own benchmark for borrowing costs on Thursday.
September 21,2022
The South African Rand fell to two-year lows in the penultimate session of the week and could be heading toward highly volatile week in which the South African Reserve Bank (SARB) is set to announce its latest interest rate decision amid a bonnanza of other central bank policy pronouncements.
September 15,2022
The Pound to Rand exchange rate rallied early in the new week as a rising U.S. Dollar weighed on other currencies while Sterling benefited from the appointment of a new UK Prime Minister, although further gains could potentially be limited by a resilient show from South Africa’s economy.
September 6,2022
The South African Rand fell back near to post-pandemic lows against the Dollar this week but with international factors also weighing heavily on other currencies including Sterling, GBP/ZAR has listed sideways around the 19.80 level and could continue to do so in the days ahead.
August 31,2022
The Rand gave ground to most G20 currencies including an underperforming Pound ahead of the weekend as a rebounding U.S. Dollar sought to perpetuate a decline in South African exchange rates that has been keeping GBP/ZAR buoyant above the 20.70 level in recent weeks.
August 26,2022
The South African Rand was closing in on some of its weakest level for more than a year ahead of the weekend after a sell-off in the Chinese Renminbi and rally by the U.S. Dollar scuppered a multi-week recovery and prompted a brutal rout in South African exchange rates.
August 19,2022
The South African Rand climbed against most of the currencies in the G20 bucket during the opening half of the week and could lead GBP/ZAR to one month lows with a break back beneath the 20.0 handle in the days ahead if the stalling Dollar brings high yielding currencies back into fashion among investors.
August 10,2022
The Pound to Rand exchange rate rose to five month highs during the opening half of the week but lost momentum upon contact with an emerging layer of technical resistance around 20.6248 on the charts, which could continue to obstruct Sterling’s path higher in the days ahead.
August 3,2022
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