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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’.
Sending money to South Africa can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to South Africa bank accounts or pay a South African rand invoice.
British pound (GBP) to South African rand (ZAR) market data - latest interbank exchange rate, trend, chart & historic rates.
GBP/ZAR Outlook: The GBP/ZAR exchange rate is likely to decrease as it trades at 90-day lows, significantly below its recent average.
GBP/USD Outlook: The GBP/USD rate is currently near its 90-day average, hovering around 7-day lows.
USD/ZAR Outlook: The USD/ZAR is likely to decrease, currently trading below its recent average and near recent lows.
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 21.37 from OFX . This is -0.51% compared to the mid-market rate 21.48.
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 21.37, -0.51% from the latest mid-market rate 21.48.
The next best is XE at 21.35, -0.61% from the mid-rate.
Then Wise at 21.22, which is -1.2% from the mid-rate.
The Western Union rate is 21.15 which is -1.5% from the mid-rate.
Among the banks the Lloyds Bank rate is 20.41 at -5% the Royal Bank of Scotland rate is 20.53 at -4.4% and the Barclays Bank rate is 20.47 at -4.7% compared to the mid-rate 21.48.
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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