What is the GBP to ZAR exchange rate today?

What is the GBP to ZAR exchange rate today?

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There are many factors that can affect the GBP to ZAD exchange rate; they are usually economic and political occurrences that suggest to investors whether or not to invest in either currency. 

South African Rand facts

Name: South African Rand

Symbol: R Cent: c

Minor Unit: 1/100 = Cent

Inflation: 5.40%

Coins: Freq Used: R1, R2, R5, 5c, 10c, 20c

 

Banknotes: 

Freq Used: R10, R20, R50, R100, R200

Central Bank: South African Reserve Bank 

Website: www.reservebank.co.za

Users: South Africa, Lesotho, Namibia

Each time a decision is made by either country’s central bank about inflation often creates waves within the foreign exchange market. As do the opinions and thoughts of politicians that are voiced in parliament, on the TV or even via social media.  

The rand is a fairly new currency, introduced into the-then Union of South Africa in 1961. The strength of the rand relies heavily on the economic development of the country, which in recent years has been a struggle. On the other side, with uncertainty over Great Britain’s involvement with EU, the pound also suffers periods of uncertainty. With that in mind, if you’re making international payments between the UK and South Africa, it may be important to consider how to make the most of your money given the volatile foreign exchange market. If you are looking to send money for a destination wedding or are emigrating abroad, we can help you navigate the GBP to ZAD exchange market.

Watch live FX rates change in our Currency Zone.

Watch live FX rates change in our Currency Zone.

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