What is the British Pound to South African Rand Rate Today? | |
| The live GBP/ZAR exchange rate is | 23.0365 |
| Change on Previous Day's Close | +0.82% |
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 Rand has rebounded from one year lows with the help of South African Reserve Bank (SARB) interest rate policy and a softening of the U.S. Dollar that have helped pull USD/ZAR down from a key resistance level at 17.0807 on the charts while containing a buoyant GBP/ZAR below 20.6226.
July 28,2022
The South African Rand outperformed all comparable currencies ahead of the weekend and a barely a day after the South African Reserve Bank (SARB) sought to tamp down domestic inflation expectations and fend off currency depreciation with its largest interest rate rise for two decades.
July 22,2022
The Pound to Rand exchange rate was left struggling after its earlier rally was stymied when the South African Reserve Bank (SARB) announced its largest interest rate rise for two decades in a bid to contain rising inflation expectations.
July 22,2022
The South African Rand benefited from a widespread retreat by the U.S. Dollar early in the new week but it remained an underperformer for the month of July and potentially faces risks associated with the high bar that financial markets have set for South African Reserve Bank (SARB) this Thursday.
July 19,2022
The South African Rand tested but then rebounded from important support levels against the U.S. Dollar and Sterling on the charts early this week, and in tandem with a European single currency that had previously traded at parity with the greenback for the first time since December 2002.
July 12,2022
The South African Rand extended a fortnight run of losses this week, which has lifted GBP/ZAR toward an important level of technical resistance on the charts and risks inviting a higher range to persist in the days and weeks ahead
July 8,2022
The Pound to South African Rand exchange rate entered the new week close to three-month highs but would risk slipping back toward the 19.50 level or below in the days ahead if the Dollar remains soft or negotiations over a disruptive labour strike at energy monopoly Eskom are succesful at curtailing disruptions to the electricity supply.
July 4,2022
The South African Rand was eroding a major level of support on the charts ahead of the weekend after broad and widespread strength in the U.S. Dollar conspired with market concerns about local factors to drive the steepest rally in USD/ZAR since the Renminbi sell-off seen during late April.
July 2,2022
The Pound to Rand exchange rate has stabilised above the 19.0 handle with support from a turn higher by the U.S. Dollar but would likely struggle to advance beyond the nearby 19.90 level if USD/ZAR remains contained by its 2022 high around 16.32 in the days and weeks ahead.
June 23,2022
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