The live mid-rate GBP to ZAR exchange rate is 22.86. Compare currency conversion rates - Reduce FX costs.
The best GBP to ZAR exchange rate is our partner deal rate of 22.75 from OFX . This is -0.48% compared to the mid-market rate 22.86.
The standard OFX GBP-ZAR rate is 22.4485, -1.8% from the mid-rate. Visit OFX here to secure the better rate.
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.
Looking at our comparison table the best GBP to ZAR exchange rate is 22.75 from OFX, -0.48% from the mid-market rate 22.86. The next best rate is 22.72 from XE, -0.61% from the mid-rate. Wise with 22.7 is -0.7% from the mid-rate.
The Western Union rate is 22.63 which is -1% from the mid-rate.
Among the banks, the Lloyds Bank rate is 21.58 at -5.6%, the Royal Bank of Scotland rate is 21.72 at -5%, and the Barclays Bank rate is 22.06 at -3.5% from the mid-rate.
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.
The Sterling to Rand comparison table above 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 (see Market Data below ) and the possible savings of using various providers.
British pound (GBP) to South African rand (ZAR) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | GBP/ZAR | Change | Period |
|---|---|---|---|
07 Jan 2025 | 23.33 | 2% ▼ | 2 Week |
23 Oct 2024 | 22.98 | 0.5% ▼ | 3 Month |
22 Jan 2024 | 24.41 | 6.3% ▼ | 1 Year |
23 Jan 2020 | 18.87 | 21.2% ▲ | 5 Year |
24 Jan 2015 | 17.10 | 33.7% ▲ | 10 Year |
26 Jan 2005 | 11.18 | 104.6% ▲ | 20 Year |
Here are some popular conversion amounts for GBP to ZAR (British pound to South African rand)*.
*Converted at the current GBPZAR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The exchange rate forecast for GBP to ZAR reflects a mix of recent economic data and evolving market sentiments. Following the release of disappointing GDP figures from the UK, which showed growth of only 0.1% in November compared to the expected 0.2%, the British pound has softened against both the ZAR and other major currencies. FX analysts suggest that unless the upcoming retail sales data reveals an acceleration in growth, the GBP may struggle to regain traction. This fluctuation in the GBP is compounded by ongoing uncertainties around post-Brexit negotiations, which historically have contributed to volatility in sterling exchange rates.
Read our full review of recent GBP to ZAR forecasts.
There are several ways to save on exchange rates when converting British pound to South African rand:
Generally speaking, if you are buying South African rand with British pound, then it's better for the GBP/ZAR exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.
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.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
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 Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| United Kingdom (GBP) | South Africa (ZAR) |
South Africa has a high crime rate, and certain areas or neighborhoods can be dangerous for foreigners. However, many areas are safe and tourist-friendly. It is important to exercise caution and be aware of your surroundings, avoid carrying valuables and stay in well-populated areas. Americans travelling to South Africa are recommended to check the U.S. Department of State website for travel advisories and to register with the Smart Traveler Enrollment Program.
The cost of living in South Africa is relatively low compared to other countries in the world. However, it is important to note that the cost of living can vary greatly depending on the specific location within the country.
Read more at our South Africa (ZAR) country guide
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
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