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GBP to ZAR 2026 Forecasts

Analysis of recent sterling → rand forecasts for 2026. We collate forecasts from respected FX analysts together with the latest British pound to South African rand performance and trends.

 

The current market bias for GBP/ZAR is bearish.

Key drivers include:

  • The Bank of England (BoE) plans to cut interest rates to 3.25% by mid-2026, while the South African Reserve Bank (SARB) recently lowered its repo rate to 6.75%, enhancing the interest rate differential in favor of the ZAR.
  • The UK faces economic challenges with slow growth projected at 1.2% and ongoing inflation concerns, while South Africa anticipates slightly improved growth due to better electricity supply.
  • Recent oil price trends show volatility, affecting ZAR performance, with oil prices currently lower than their three-month average, which can strain South Africa’s economy.

The expected trading range for GBP/ZAR is likely to remain under pressure, with limited fluctuations. Upside risks could arise if the UK retail sales figures show significant growth, while downside risks may increase if global oil prices fall further, impacting the ZAR's strength.

GBP-ZAR Rate Calculator

 
   
   
   
   
 
   
 
 

GBP to ZAR Market Data

British pound (GBP) to South African rand (ZAR) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell GBP   →   Buy ZAR
1 GBP =
22.28We compare provider deals to this wholesale mid-market rate. Read more
ZAR
1d−0.3%▼
90dLows◒
GBP to ZAR is at 90-day lows near 22.28, 2.1% below its 3-month average of 22.75, having traded in a quite stable 4.9% range from 22.28 to 23.37
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  1 ZAR = 0.044879 GBP

Compare & Save - British pound to South African rand

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare British pound (GBP) to South African rand (ZAR) rates from different sources before making a conversion.

Use our GBP to ZAR calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Sterling to Rand currency rates and the possible savings of using various providers.

 
 

Will the British pound rise against the South African rand?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the British pound vs South African rand current value is to look the GBP/ZAR historic rate and change over a range of periods.

The following table looks at the change in the GBP to ZAR exchange rate over periods from the previous week back to the last 10 years.

DateGBP/ZARChangePeriod
18 Dec 2025
22.39
0.5% ▼2 Week
03 Oct 2025
23.21
4% ▼3 Month
01 Jan 2025
23.62
5.7% ▼1 Year
02 Jan 2021
20.05
11.1% ▲5 Year
04 Jan 2016
22.86
2.5% ▼10 Year
06 Jan 2006
10.83
105.7% ▲20 Year
GBP/ZAR historic rates & change to 01-Jan-2026

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add GBP/ZAR to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more