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GBP/ZAR - Rate Guide

British Pound Sterling to South African Rand exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

GBP/ZAR Exchange Rates and Providers Compared

This guide to the British Pound Sterling to South African Rand exchange rate with 90-day chart & alerts, historic rates, forecasts and GBP to ZAR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. Calculate amounts and rate margins with the GBP/ZAR Calculator.

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GBP/ZAR - 90 Day Rate Alerts

1 GBP = 18.5134 ZAR

NO ALERTS for GBP/ZAR
GBP/ZAR over the last 90 days

View GBP/ZAR - Interactive Chart

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for GBP/ZAR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive ZAR(R)Exchange RateFee GBPTotal CostDeal Links
TorFX logo
90,800 ZAR
Best Overall
18.1601.76%
OFX logo
90,900 ZAR
100 ZAR
18.18£0^1.65%
WorldFirst logo
91,950 ZAR
1,150 ZAR
18.3900.52%
HSBC logo
88,966 ZAR
1,834 ZAR
17.82£7.53.75%
Natwest Bank logo
88,484 ZAR
2,316 ZAR
17.75154.27%
Citibank International Money Transfers
Citibank logo
88,088 ZAR
2,712 ZAR
17.66124.7%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
88,057 ZAR
2,743 ZAR
17.66154.73%
Santander International Money Transfers
Santander logo
87,548 ZAR
3,252 ZAR
17.58205.28%
Lloyds TSB logo
87,200 ZAR
3,600 ZAR
17.51205.66%
 

TorFX logo

TorFX: Foreign Transfer GBP→ZAR
From Amount:5,000 GBP
Fee:
Exchange Rate:18.16 (1.76% from mid-rate)
To Amount:90,800 ZAR
Total Cost:1.76%
Time:16:21 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 

OFX logo

OFX: Foreign Transfer GBP→ZAR
From Amount:5,000 GBP
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:18.18 (1.65% from mid-rate)
To Amount:90,900 ZAR
Total Cost:1.65%
Difference:
100 ZAR more than using TorFX
Time:
Rate Fetched: Mon Sep 23 2019 16:09:58 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

WorldFirst logo

WorldFirst: Foreign Transfer GBP→ZAR
From Amount:5,000 GBP
Fee:
Exchange Rate:18.39 (0.52% from mid-rate)
To Amount:91,950 ZAR
Total Cost:0.52%
Difference:
1,150 ZAR more than using TorFX
Time:16:21 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer GBP→ZAR
From Amount:5,000 GBP
Fee:£7.5 GBP (.15%)
Exchange Rate:17.82 (3.6% from mid-rate)
To Amount:88,966 ZAR
Total Cost:3.75%
Difference:
1,834 ZAR less than using TorFX
Time:16:21 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Natwest Bank logo

Natwest Bank: Foreign Transfer GBP→ZAR
From Amount:5,000 GBP
Fee:15
Exchange Rate:17.75 (3.98% from mid-rate)
To Amount:88,484 ZAR
Total Cost:4.27%
Difference:
2,316 ZAR less than using TorFX
Time:16:21 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 

Citibank logo

Citibank: Foreign Transfer GBP→ZAR
From Amount:5,000 GBP
Fee:12
Exchange Rate:17.66 (4.47% from mid-rate)
To Amount:88,088 ZAR
Total Cost:4.7%
Difference:
2,712 ZAR less than using TorFX
Time:16:21 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer GBP→ZAR
From Amount:5,000 GBP
Fee:15
Exchange Rate:17.53 (5.17% from mid-rate)
To Amount:88,057 ZAR
Total Cost:4.73%
Difference:
2,743 ZAR less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Santander logo

Santander: Foreign Transfer GBP→ZAR
From Amount:5,000 GBP
Fee:20
Exchange Rate:17.58 (4.9% from mid-rate)
To Amount:87,548 ZAR
Total Cost:5.28%
Difference:
3,252 ZAR less than using TorFX
Time:16:21 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 

Lloyds TSB logo

Lloyds TSB: Foreign Transfer GBP→ZAR
From Amount:5,000 GBP
Fee:20
Exchange Rate:17.51 (5.28% from mid-rate)
To Amount:87,200 ZAR
Total Cost:5.66%
Difference:
3,600 ZAR less than using TorFX
Time:16:21 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 09/23/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount ZAR(R)Exchange RateFee GBPTotal CostDeal Links
Travelex Online UK logo
17,760 ZAR
Best Overall
17.7603£0^3.93%
Post Office Money Foreign Currency
Post Office Money logo
17,710 ZAR
50 ZAR
17.7104.2%
Citibank Foreign Currency
Citibank logo
17,394 ZAR
366 ZAR
17.57£105.91%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
17,239 ZAR
521 ZAR
17.44£106.75%
Lloyds TSB logo
17,216 ZAR
544 ZAR
17.39£106.87%
Santander Foreign Currency
Santander logo
17,216 ZAR
544 ZAR
17.39£106.87%
Natwest Bank logo
17,129 ZAR
631 ZAR
17.39£157.34%
 

Travelex Online UK logo

Travelex Online UK: Travel Money GBP→ZAR
From Amount:1,000 GBP
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:17.7603 (3.93% from mid-rate)
To Amount:17,760 ZAR
Total Cost:3.93%
Time:
Rate Fetched: Mon Sep 23 2019 16:15:03 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Post Office Money logo

Post Office Money: Travel Money GBP→ZAR
From Amount:1,000 GBP
Fee:0
Exchange Rate:17.71 (4.2% from mid-rate)
To Amount:17,710 ZAR
Total Cost:4.2%
Time:16:21 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
: /5.0
Reviews:
 

Citibank logo

Citibank: Travel Money GBP→ZAR
From Amount:1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:17.57 (4.96% from mid-rate)
To Amount:17,394 ZAR
Total Cost:5.91%
Time:16:21 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money GBP→ZAR
From Amount:1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:17.39 (5.93% from mid-rate)
To Amount:17,239 ZAR
Total Cost:6.75%
Currency Services:Branch
Delivery/Collect:-
 

Lloyds TSB logo

Lloyds TSB: Travel Money GBP→ZAR
From Amount:1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:17.39 (5.93% from mid-rate)
To Amount:17,216 ZAR
Total Cost:6.87%
Time:16:21 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

Santander logo

Santander: Travel Money GBP→ZAR
From Amount:1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:17.39 (5.93% from mid-rate)
To Amount:17,216 ZAR
Total Cost:6.87%
Time:16:21 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 

Natwest Bank logo

Natwest Bank: Travel Money GBP→ZAR
From Amount:1,000 GBP
Fee:£15 GBP (Minimum fee)
Exchange Rate:17.39 (5.93% from mid-rate)
To Amount:17,129 ZAR
Total Cost:7.34%
Time:16:21 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 09/23/2019 - See full table

GBP / ZAR converter & margin calculator

£GBP
RZAR
mid-rates

Compare how much you can save on GBP/ZAR exchange rates for:

Foreign Transfers Travel Money

Foreign Transfers Travel Money

British Pound Sterling

South African Rand

1 GBP 18.51 ZAR
5 GBP 92.57 ZAR
10 GBP 185.13 ZAR
20 GBP 370.27 ZAR
50 GBP 925.67 ZAR
100 GBP 1,851.34 ZAR
250 GBP 4,628.35 ZAR
500 GBP 9,256.70 ZAR
1,000 GBP 18,513.40 ZAR
2,000 GBP 37,026.80 ZAR
5,000 GBP 92,567.00 ZAR
10,000 GBP 185,134.00 ZAR
50,000 GBP 925,670.00 ZAR
100,000 GBP 1,851,340.00 ZAR
See more

British Pound Sterling

South African Rand

0.0540 GBP 1 ZAR
0.2701 GBP 5 ZAR
0.5402 GBP 10 ZAR
1.0803 GBP 20 ZAR
2.7008 GBP 50 ZAR
5.4015 GBP 100 ZAR
13.50 GBP 250 ZAR
27.01 GBP 500 ZAR
54.02 GBP 1,000 ZAR
108.03 GBP 2,000 ZAR
270.08 GBP 5,000 ZAR
540.15 GBP 10,000 ZAR
2,700.75 GBP 50,000 ZAR
5,401.50 GBP 100,000 ZAR
See more
Country Guides (GBP & ZAR)
United KingdomUnited Kingdom (GBP)GuernseyGuernsey (GBP)Isle of ManIsle of Man (GBP)
JerseyJersey (GBP)South AfricaSouth Africa (ZAR)South Georgia And South Sandwich IslandsSouth Georgia And South Sandwich Islands (GBP)

GBP/ZAR - Historical Trends

This table shows historic rates and trends of British Pound Sterling to South African Rand over periods upto 10 years.

PeriodChange*GBP/ZARDate
1 Day+0.3%18.555919 Sep 2019
7 Day+2.1%18.229513 Sep 2019
30 Day+0.9%18.436021 Aug 2019
3 Month+1.9%18.263522 Jun 2019
1 Year-2%18.993020 Sep 2018
5 Year+3.1%18.057121 Sep 2014
10 Year+53.5%12.121122 Sep 2009

*For period to 20-Sep 21UTC when GBP/ZAR was 18.6109

You can use our GBP interactive charts to check GBPZAR historic trends.

Get a Better FX Deal when you Send and Spend Abroad.

 

GBP and ZAR in the Markets

When determining the best time to make a foreign exchange transaction, in this case the GBP vs ZAR, you should pay attention to the recent market trends for both currencies.

 

British Pound Sterling (GBP)

Pound valuations will continue to fluctuate based on Brexit No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is widely expected, ardent Brexiteer Boris Johnson becomes the UK’s next prime minister. However, some banks argue that Johnson’s appointment would make little difference to no-deal or remain probabilities.

The pound is unlikely to receive much in the way of meaningful respite until November, analysts say, when hopefully the UK-EU Brexit arrangement, or lack thereof, is known (Boris Johnson insists that the UK will not seek any further Article 50 extensions beyond the October-31 deadline).

The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.

By some margin, the pound was the worst-performing major currency in the second quarter. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.

Read more in the article GBP Forecasts.

 

South African Rand (ZAR)

2018 was a grim year for the rand: it lost 14 percent of its value against the US dollar and lost 10 percent against the euro.

Stability returned in the first 5 months of 2019, with no change against the dollar and a 2 percent gain versus the euro.

Talk in May was all about the election, which was again won by the ANC party, led by Cyril Ramaphosa. This spurred a relief rally in the rand, but a serious fall in support for the ANC since 2014 suggests Ramaphosa will struggle implementing much-needed economic reforms.

With the election out of the way, analysts at Deutsche Bank are expecting the rand to weaken throughout the rest of the year.

"We think [rand] optimism will prove short-lived as the market quickly refocuses on deteriorating fundamentals," Deutsche said.

Why can't I just get the GBP/ZAR market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the GBP / ZAR was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all GBP Exchange Rates