Understanding the Table:
The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
British pound (GBP) to South African rand (ZAR) market data - latest interbank exchange rate, trend, chart & historic rates.
GBP/ZAR Outlook: Slightly weaker, but likely to move sideways, as the rate is below its recent average and hovering near recent lows, lacking a clear driving force.
GBP/USD Outlook: The outlook is slightly positive, but likely to move sideways, as the rate is above its recent average but lacks a clear driver.
USD/ZAR Outlook: Bearish, as the rate is below its recent average and near recent lows amid clear pressures.
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in South African rand across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
*Converted at the current GBP-ZAR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best GBP to ZAR exchange rate is 21.81 from OFX . This is -0.5% compared to the mid-market rate 21.92.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to South African rand (ZAR) rates from different sources before making a conversion.
The above Sterling to Rand comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest GBP-ZAR mid-rate and the possible savings of using various providers.
Looking at the full GBP to ZAR - Send Money comparison table the provider with the best GBP to ZAR exchange rate is OFX at 21.81, -0.5% from the latest mid-market rate 21.92.
The next best is XE at 21.79, -0.59% from the mid-rate.
Then Western Union at 21.7, which is -1% from the mid-rate.
Among the banks the Lloyds Bank rate is 20.82 at -5% the Royal Bank of Scotland rate is 20.96 at -4.4% and the Barclays Bank rate is 20.89 at -4.7% compared to the mid-rate 21.92.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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