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OFX GBP to ZAR Exchange Rates & Currency Deals

GBP-ZAR Rate Calculator

 
 
   

Understanding the Table:

The comparison table above helps you see the total cost of your OFX 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’.

 
 

OFX - GBP Rate Margin Analysis

The average GBP rate margin offered by OFX is 3.0%.

This average is based on individual GBP 10K transfer rates in the currency pairs from OFX that we monitor.

💡  It is important to note that these OFX rates are their public quoted rates and do not include our special BER/OFX deals rates which start at 0.5% for major currencies and improve for larger amounts. Please use our calculators to check these special rates and use our 'Visit OFX' links to secure these deals.

 

OFX - Best and Worst Value Rates

The tables below show the best and worst exchange rate margins offered by OFX for British pound (GBP 10K) transactions. Margins show the percentage difference from the mid-market rate.

OFX Best Value Rates (Lowest Margins)

Currency Pair OFX Rate Mid Market Rate Margin
GBP/USD 1.3259 1.3431 1.3%
GBP/AUD 2.0360 2.0629 1.3%
GBP/HKD 10.28 10.43 1.4%
GBP/EUR 1.1350 1.1517 1.4%
GBP/CAD 1.8546 1.8819 1.5%

OFX Worst Value Rates (Highest Margins)

Currency Pair OFX Rate Mid Market Rate Margin
GBP/TOP 2.8689 3.2339 11.3%
GBP/SBD 9.8903 11.06 10.6%
GBP/MGA 5,384.03 5,986.71 10.1%
GBP/PGK 5.3197 5.7403 7.3%
GBP/PEN 4.3429 4.5570 4.7%
 
   

GBP to ZAR Market Data

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

 
Sell GBP   →   Buy ZAR
1 GBP = 21.96 ZAR
1d−0.7%▼
90dLows◒
GBP to ZAR is at 90-day lows near 21.86, 3.1% below its 3-month average of 22.57, having traded in a relatively stable 6.8% range from 21.86 to 23.34
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Tracker
  1 ZAR = 0.045530 GBP

Currency Forecasts related to GBP/ZAR

GBP to ZAR 2026 Forecasts

Bias: Bearish-to-range-bound, as GBP/ZAR sits below the ninety-day average and in the lower half of the three-month range.

Read forecast

GBP to USD 2026 Forecasts

Bias: range-bound, current level sits near the 90-day average and in the middle of the 3-month range.

Read forecast

USD to ZAR 2026 Forecasts

Bias: Bearish-to-range-bound: USD sits below the 90-day average and in the lower half of the last three months' range.

Read forecast

GBPZAR remains bearish-to-range-bound, below the 90-day avg and in the lower half of the 3-month range. BoE tighter for longer; SARB easing narrows the gap and supports the rand. UK growth looks weak, keeping downside pressure on GBP amid global uncertainty. Bias: Bearish-to-range-bound, as GBP/ZAR sits below the ninety-day average and in the lower half of the three-month range. Key drivers: - Rate gap: BoE policy remains tighter for longer while SARB has eased, narrowing the gap and lending support to the rand. - Risk/commodities: Oil remains above its average over the last three months and stays volatile, which tends to dampen risk appetite and bolster the rand in periods of uncertainty. - Macro factor: UK growth is projected to slow, keeping downward pressure on the pound and offering a cautious backstop for rand strength amid global uncertainty. Range: The pair is likely to drift toward the upper end of the three-month range, testing the top but staying within bounds for now. What could change it: - Upside risk: unexpected UK data weakness or a shift toward a slower BoE rate path could push GBPZAR higher. - Downside risk: a renewed rand rally on higher metals demand or further SARB easing could push GBPZAR lower

 

GBP to ZAR Conversion: What Is Your Money Worth?

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 * :

GBP ZAR
£ 1 R 21.96
£ 5 R 109.80
£ 10 R 219.60
£ 20 R 439.20
£ 50 R 1,098
£ 100 R 2,196
£ 250 R 5,490
£ 500 R 10,980
£ 1,000 R 21,960
£ 2,000 R 43,920
£ 5,000 R 109,800
£ 10,000 R 219,600
£ 20,000 R 439,200
£ 50,000 R 1,098,000
£ 100,000 R 2,196,000
GBP ZAR
£ 0.0455 R 1
£ 0.2277 R 5
£ 0.4553 R 10
£ 0.9106 R 20
£ 2.2765 R 50
£ 4.5530 R 100
£ 11.38 R 250
£ 22.77 R 500
£ 45.53 R 1,000
£ 91.06 R 2,000
£ 227.65 R 5,000
£ 455.30 R 10,000
£ 910.60 R 20,000
£ 2,277 R 50,000
£ 4,553 R 100,000

More amounts

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

 
 

What is the OFX Send Money conversion rate for GBP to ZAR?

The OFX GBP to ZAR exchange rate is 21.85. This is -0.5% compared to the latest GBP-ZAR mid-market rate 21.96.

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 OFX - Sterling to Rand comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by OFX and other foreign exchange providers against the latest GBP-ZAR mid-rate and the possible savings of using various providers. 

How do OFX GBP-ZAR rates compare between 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 21.85, -0.5% from the latest mid-market rate 21.96.

The next best is XE at 21.83, -0.59% from the mid-rate.

Then Western Union at 21.74, which is -1% from the mid-rate.

Among the banks the Lloyds Bank rate is 20.86 at -5% the Royal Bank of Scotland rate is 20.99 at -4.4% and the Barclays Bank rate is 20.93 at -4.7% compared to the mid-rate 21.96.

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 like OFX or platforms that offer rates closer to the mid-market rate.

 

Compare GBP to ZAR Transfer Rates

   

View a full list of exchange rates by selecting your Base (from) currency: