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    Best GBP to ZAR Exchange Rates Compared Live

    The best GBP to ZAR exchange rate is 23.71. Compare foreign transfer and currency exchange rates, find better rates & deals.

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    Comparing GBP-ZAR exchange rates

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Pound Sterling (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 vs the latest GBP-ZAR mid-rate (see below) and the possible savings of using another provider.

     
    @bestfxrates : 11 Apr: #GBPZAR remains stable despite headwinds. GBP challenges—potential BOE rate cuts, political risks—may lead to weakness vs USD, says analysts. Meanwhile, ZAR faces power woes, political unrest. Upcoming SA budget & elections to watch. Investors: Tread cautiously in volatile times. #ForexUpdate

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    GBP to ZAR Market Data

    Pound Sterling (GBP) to South African rand (ZAR) market data - latest interbank exchange rate, trend, chart & historic rates.

     
    1 GBP =
    23.71We compare provider deals to this wholesale mid-market rate. Read more
    ZAR
    +0.0%
    2W
    GBP to ZAR is at 14-day highs near 23.67, 1.0% below its 3-month average of 23.92, having traded in a quite stable 4.7% range from 23.41 to 24.50
    |
    Sell GBP   →   Buy ZAR
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    DateGBP/ZARChangePeriod
    02 Apr 2024
    23.61
    0.2% 2 Week
    17 Jan 2024
    24.20
    2.3% 3 Month
    17 Apr 2023
    22.66
    4.4% 1 Year
    18 Apr 2019
    18.26
    29.5% 5 Year
    19 Apr 2014
    17.63
    34.1% 10 Year
    21 Apr 2004
    11.94
    98.1% 20 Year
    GBP/ZAR historic rates & change to 16-Apr-2024
     

    What are equivalent amounts of GBP and ZAR?

    Here are some popular conversion amounts for GBP to ZAR (Pound Sterling to South African rand)*.

    GBP ZAR
    £ 1 R 23.71
    £ 5 R 118.55
    £ 10 R 237.10
    £ 20 R 474.20
    £ 50 R 1,186
    £ 100 R 2,371
    £ 250 R 5,928
    £ 500 R 11,855
    £ 1,000 R 23,710
    £ 2,000 R 47,420
    £ 5,000 R 118,550
    £ 10,000 R 237,100
    £ 20,000 R 474,200
    £ 50,000 R 1,185,500
    £ 100,000 R 2,371,000
    GBP ZAR
    £ 0.0422 R 1
    £ 0.2109 R 5
    £ 0.4218 R 10
    £ 0.8436 R 20
    £ 2.1090 R 50
    £ 4.2180 R 100
    £ 10.55 R 250
    £ 21.09 R 500
    £ 42.18 R 1,000
    £ 84.36 R 2,000
    £ 210.90 R 5,000
    £ 421.80 R 10,000
    £ 843.60 R 20,000
    £ 2,109 R 50,000
    £ 4,218 R 100,000

    More amounts

    *Converted at the current GBPZAR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

     
     

    Forecasts for GBP to ZAR

     

    The GBP to ZAR exchange rate is currently trading at 14-day highs near 23.67, slightly below its 3-month average of 23.92. Despite recent stability, GBP/ZAR has been moving within a 4.7% range from 23.41 to 24.50, indicating potential volatility in the currency pair. In the midst of this, market analysts are closely monitoring the impact of global factors on the South African rand (ZAR), including today's significant event risk of the South African annual budget announcement.

    Read our full review of recent GBP to ZAR forecasts.

     

    How to get a good GBP to ZAR exchange rate

    There are several ways to save on exchange rates when converting Pound Sterling to South African rand:

    1. Shop around for the best GBP/ZAR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the GBP/ZAR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both GBP and ZAR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    Generally speaking, if you are buying South African rand with Pound Sterling, 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.

    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.

    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 personalised Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

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    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.

     
     
     

    Currency Country Guides

    United KingdomUnited Kingdom (GBP)South AfricaSouth Africa (ZAR)
     

    Is it safe in South Africa?

    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.

    What is the cost of living in South Africa?

    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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