The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
ZAR to GBP Market Data
South African rand (ZAR) to British pound (GBP) market data - latest interbank exchange rate, trend, chart & historic rates.
ZAR to GBP is at 14-day lows near 0.044358, 1.1% above its 3-month average of 0.043905, having traded in a quite stable 4.4% range from 0.042785 to 0.044654
Is the ZAR to GBP Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the South African rand against the British pound is to review how the ZAR/GBP rate has changed over time.
The table below shows the percentage change in the ZAR to GBP exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
The recent performance of the South African Rand (ZAR) against the US Dollar (USD) reflects a period of strengthening for the ZAR, bolstered by positive domestic developments.
Current market bias: The GBP/ZAR exchange rate leans bullish.
Key drivers:
- The interest rate outlook shows a potential stabilization in GBP as the Bank of England hints at slowing rate cuts.
- The South African Reserve Bank’s repo rate cut aims for a new inflation target of 3%, which may weaken the ZAR.
- UK retail sales figures are rebounding, boosting GBP expectations.
Near-term range: The trading range is expected to remain stable, reflecting current prices close to recent highs within a 4.4% band.
What could change it: A stronger-than-expected UK economic growth could boost GBP, while global risk sentiment and commodity prices might help the ZAR. However, falling oil prices or unexpected shifts in BoE policy could undermine GBP strength.
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GBP/ZAR is currently bullish as UK rates stabilize while ZAR weakens with repo cuts. Expect stable trading near recent highs. Upside risks include UK growth boosts; downside risks involve oil price drops or sudden BoE policy changes
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ZAR to GBP Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much South African rand are worth in British pound across a range of amounts.
This gives a quick view of what you’d get when converting different ZAR amounts at today’s rate * :
What is the
best Send Money conversion rate for ZAR to GBP?
The best ZAR to GBP exchange rate is 0.0442 from OFX . This is -0.5% compared to the mid-market rate 0.044422.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
South African rand (ZAR) to British pound (GBP) rates from different sources before making a conversion.
The above
Rand to Sterling comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest ZAR-GBP mid-rate and the possible savings of using various providers.
How do ZAR-GBP rates compare between providers?
Looking at the full
ZAR to GBP - Send Money comparison table the provider with the best ZAR to GBP exchange rate is OFX at 0.0442, -0.5% from the latest mid-market rate 0.044422.
The next best is XE at 0.0442, -0.5% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.