Loading...

Home pages - full list (A-Z)

GBP to 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 update & alerts

1 GBP = 19.21 ZAR

Sell GBP - Buy ZAR  Invert

GBP to ZAR - Trading Range (90 Day)
ALERT: 4-DAY ▲ 2% 🔔 |
90-DAY TREND: At 19.21 GBP/ZAR is trading 2.3% above the average 18.78 with a range 18 to 19.55. ALERT: GBP/ZAR is UP 2% this 4-DAY period.
Update: 06-Dec 16:01-EST 21:01-GMT 08:01-AEDT(+1D)

More Charts

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. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our GBP/ZAR Quick Calculator.

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
WorldFirst logo
R95,550
Best Overall
19.1100.51%
TorFX logo
R94,100
R1,450 less
18.8202.02%
OFX logo
R94,200
R1,350 less
18.84£0^1.91%
HSBC logo
R92,211
R3,339 less
18.47£7.53.98%
Natwest Bank logo
R91,724
R3,826 less
18.4154.49%
Citibank International Money Transfers
Citibank logo
R91,280
R4,270 less
18.3124.95%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
R91,277
R4,273 less
18.31154.96%
Santander International Money Transfers
Santander logo
R90,785
R4,765 less
18.23205.47%
Lloyds TSB logo
R90,387
R5,163 less
18.15205.88%
 

WorldFirst logo

WorldFirst: Foreign Transfer GBP→ZAR
From Amount (GBP)£5,000
Fee:
Exchange Rate:19.11 (0.51% from mid-rate)
To Amount (ZAR) R95,550
Total Cost:0.51%
Time:6:02 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 

TorFX logo

TorFX: Foreign Transfer GBP→ZAR
From Amount (GBP)£5,000
Fee:
Exchange Rate:18.82 (2.02% from mid-rate)
To Amount (ZAR) R94,100
Total Cost:2.02%
Difference:
R1,450 ZAR less than using WorldFirst
Time:6:02 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 (GBP)£5,000
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:18.84 (1.91% from mid-rate)
To Amount (ZAR) R94,200
Total Cost:1.91%
Difference:
R1,350 ZAR less than using WorldFirst
Time:
Rate Fetched: Sat Dec 07 2019 05:07:19 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer GBP→ZAR
From Amount (GBP)£5,000
Fee:£7.5 GBP (.15%)
Exchange Rate:18.47 (3.84% from mid-rate)
To Amount (ZAR) R92,211
Total Cost:3.98%
Difference:
R3,339 ZAR less than using WorldFirst
Time:6:02 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 (GBP)£5,000
Fee:15
Exchange Rate:18.4 (4.2% from mid-rate)
To Amount (ZAR) R91,724
Total Cost:4.49%
Difference:
R3,826 ZAR less than using WorldFirst
Time:6:02 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 (GBP)£5,000
Fee:12
Exchange Rate:18.3 (4.73% from mid-rate)
To Amount (ZAR) R91,280
Total Cost:4.95%
Difference:
R4,270 ZAR less than using WorldFirst
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer GBP→ZAR
From Amount (GBP)£5,000
Fee:15
Exchange Rate:18.17 (5.4% from mid-rate)
To Amount (ZAR) R91,277
Total Cost:4.96%
Difference:
R4,273 ZAR less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Santander logo

Santander: Foreign Transfer GBP→ZAR
From Amount (GBP)£5,000
Fee:20
Exchange Rate:18.23 (5.09% from mid-rate)
To Amount (ZAR) R90,785
Total Cost:5.47%
Difference:
R4,765 ZAR less than using WorldFirst
Time:6:02 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 (GBP)£5,000
Fee:20
Exchange Rate:18.15 (5.51% from mid-rate)
To Amount (ZAR) R90,387
Total Cost:5.88%
Difference:
R5,163 ZAR less than using WorldFirst
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 12/07/2019 - 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
R18,462
Best Overall
18.4617£0^3.88%
Post Office Money Foreign Currency
Post Office Money logo
R18,410
R52 less
18.4104.15%
Citibank Foreign Currency
Citibank logo
R18,077
R385 less
18.26£105.89%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
R17,914
R548 less
18.12£106.74%
Lloyds TSB logo
R17,889
R573 less
18.07£106.87%
Santander Foreign Currency
Santander logo
R17,889
R573 less
18.07£106.87%
Natwest Bank logo
R17,799
R663 less
18.07£157.34%
 

Travelex Online UK logo

Travelex Online UK: Travel Money GBP→ZAR
From Amount (GBP)£1,000
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:18.4617 (3.88% from mid-rate)
To Amount (ZAR) R18,462
Total Cost:3.88%
Time:
Rate Fetched: Sat Dec 07 2019 06:00:04 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 (GBP)£1,000
Fee:0
Exchange Rate:18.41 (4.15% from mid-rate)
To Amount (ZAR) R18,410
Total Cost:4.15%
Time:6:02 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 (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:18.26 (4.93% from mid-rate)
To Amount (ZAR) R18,077
Total Cost:5.89%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money GBP→ZAR
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:18.07 (5.92% from mid-rate)
To Amount (ZAR) R17,914
Total Cost:6.74%
Currency Services:Branch
Delivery/Collect:-
 

Lloyds TSB logo

Lloyds TSB: Travel Money GBP→ZAR
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:18.07 (5.92% from mid-rate)
To Amount (ZAR) R17,889
Total Cost:6.87%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

Santander logo

Santander: Travel Money GBP→ZAR
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:18.07 (5.92% from mid-rate)
To Amount (ZAR) R17,889
Total Cost:6.87%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 

Natwest Bank logo

Natwest Bank: Travel Money GBP→ZAR
From Amount (GBP)£1,000
Fee:£15 GBP (Minimum fee)
Exchange Rate:18.07 (5.92% from mid-rate)
To Amount (ZAR) R17,799
Total Cost:7.34%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 12/07/2019 - See full table

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)

Sterling has climbed more than 5 per cent in October since Boris Johnson announced a new Brexit agreement with Brussels that has reduced the possibility of the UK crashing out of the EU without a deal. Pound valuations will continue to fluctuate based on Brexit No-deal, Deal and Remain probabilities. Currency strategists predict that gains in the pound would remain limited for now while parties prepared their election campaigns.

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.

Earlier in the year the pound was the worst-performing major currency by some margin. 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