Comparing GBP to ZAR Exchange Rates
You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the wholesale GBP/ZAR rate ( interbank mid-rate) plus any fixed or percentage fees.
These margins and fees can vary significantly for GBP to ZAR International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the total cost will also vary depending on the total amount being exchanged.
Pound Sterling to South African Rand - Quick Conversions
|
GBP |
ZAR |
| £ 1 |
R 20.69 |
| £ 5 |
R 103.45 |
| £ 10 |
R 206.90 |
| £ 20 |
R 413.80 |
| £ 50 |
R 1,035 |
| £ 100 |
R 2,069 |
| £ 250 |
R 5,173 |
| £ 500 |
R 10,345 |
| £ 1,000 |
R 20,690 |
| £ 2,000 |
R 41,380 |
| £ 5,000 |
R 103,450 |
| £ 10,000 |
R 206,900 |
| £ 50,000 |
R 1,034,500 |
| £ 100,000 |
R 2,069,000 |
| More amounts |
Calculate other GBP/ZAR amounts (from or to) at mid-market with our
GBP to ZAR Calculator .
Pound Sterling and South African Rand - Market News
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.
Pound Sterling (GBP)
The coronavirus pandemic had replaced Brexit in the headlines for most of this year, however Brexit is back in the spotlight as the end-of-year deadline for a trade deal with the Eurozone fast approaches.
Get more details in the article British Pound Forecasts.
South African Rand (ZAR)
Rabobank told Bloomberg TV in early April that they see a difficult virus affected year in 2020 for the South African rand.
Country Guides - South African Rand
How to get Good GBP to ZAR Exchange Rates
There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.
Reduce Excessive costs and fees
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).
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.
What is a good GBP to ZAR exchange rate?
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Pound Sterling 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.
| GBP/ZAR | Change | Period |
|---|
| 20.7524 08 Jan 2021 | 0.3% ▼ | 1 Week |
| 20.0127 16 Dec 2020 | 3.4% ▲ | 30 Days |
| 21.3688 17 Oct 2020 | 3.1% ▼ | 90 Days |
| 18.8506 16 Jan 2020 | 9.8% ▲ | 1 Year |
| 23.9901 17 Jan 2016 | 13.7% ▼ | 5 Years |
| 11.0329 18 Jan 2011 | 87.6% ▲ | 10 Years |
GBP/ZAR 10 year historic rates & change to 15-Jan-2021 : 20.6990
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 BestExchangeRates My Rates Watchlist to track and benefit from currency movements.
⚇
View My Alerts
Rather than requiring you to set a target rate, our FX Alerts work differently.
Once you add a currency pair to your watchlist we then start automatically checking the exchange rate for any HIGH or LOW event or significant UP or DOWN moves over a range of daily periods only as far back as 90 days.