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    GBP to ZAR Forecasts

    Analysis of recent sterling→eand forecasts. We collate forecasts from respected FX analysts together with the latest GBP to ZAR performance and trends.


    Forecasts for GBP to ZAR

    GBPZAR chart

    Based on recent exchange rate analyst forecasts and currency market updates, the GBP to ZAR exchange rate is expected to face downward pressure in the coming months. HSBC, a major British bank, has signaled a turning point for the Pound and forecasts a reversion lower for both the GBP and EUR. This is partly due to a decline in consumer confidence in the UK and Eurozone, which often precedes macroeconomic underperformance. The ongoing uncertainty and detrimental economic impact of Brexit negotiations also contribute to the potential for significant fluctuations in the Pound's exchange rates.

    In terms of the South African rand (ZAR), the currency has been affected by various factors. The recent allegations that South Africa supplied weapons and ammunition to Russia have led to a plunge in the rand against the US dollar. Additionally, the country's economy is facing challenges such as rolling power blackouts, political turmoil, record unemployment, and questions about its investability.

    Looking at the recent GBPZAR price data, the exchange rate currently sits at 23.17, 1.9% below its 3-month average. The rate has traded within a volatile range of 22.64 to 24.54, reflecting the high volatility of the GBP/ZAR pair. It's worth noting that ZAR can be impacted by oil price movements, and recent data shows that the Brent Crude OIL/USD price is 11.4% above its 3-month average at 95.14. This indicates a significant upward trend in oil prices, which can have implications for the South African rand.

    Overall, based on the market view and recent data, it is expected that the GBP/ZAR exchange rate will face downward pressure due to factors such as Brexit uncertainty, declining consumer confidence, and challenges in the South African economy. However, the high volatility of the pair means that rapid fluctuations can occur, necessitating close monitoring of market developments.

    Compare & Save - Pound Sterling to South African rand

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Pound Sterling (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 eand currency rates and the possible savings of using various providers.

    @bestfxrates : Market view predicts downward pressure on GBP/ZAR exchange rate. Brexit uncertainty, low UK consumer confidence, South African economic challenges among influencing factors. GBP currently 1.9% below 3-month average with high volatility expected. Follow closely for updates. #GBPZAR #FX

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    GBP to ZAR Market Data

    Pound Sterling (GBP) to South African rand (ZAR) market data - latest interbank mid-rate, trend, chart & historic rates.

    1 GBP =
    23.08We compare provider deals to this wholesale mid-market rate. Read more
    GBP to ZAR at 23.08 is 2.2% below its 3-month average of 23.61, having traded in a fairly volatile 8.4% range from 22.64 to 24.54
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      1 ZAR = 0.043327 GBP
    15 Sep 2023
    1.7% 2 Week
    01 Jul 2023
    3.4% 3 Month
    29 Sep 2022
    14.8% 1 Year
    30 Sep 2018
    25.4% 5 Year
    01 Oct 2013
    41.5% 10 Year
    04 Oct 2003
    101% 20 Year
    GBP/ZAR historic rates & change to 29-Sep-2023

    Will the Pound Sterling rise against the South African rand?

    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 BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    Read our Currency guide to South Africa - a practical currency and money guide to travel, living and doing business in South Africa with the South African rand.


    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