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Pounds to South African Rand

Here you'll find everything you need to know about sending pounds to South African rand, including the current exchange rate, historical charts, news and more.

GBP to ZAR transfers

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We aim to respond to any enquiry as soon as possible. In the meantime, if there is anything else we can help you with, please let us know.

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GBP ZAR exchange rate

The current exchange rate for pounds to South African rand is:

1.12747*

This converter uses indicative 'interbank' rates. See below for more details. For our exchange rates, just click 'Get a quote'.


Introduction to the pound to South African rand exchange rate

Whether you’re sending money to friends or relatives in South Africa, buying property, retiring there or working in the nation, you’ll need to use the GBP/ZAR exchange rate to convert your pounds into the local currency.

Facts about GBP/ZAR

The global financial crisis left the pound weaker against the South African rand, but the pairing gradually recovered and kept gaining until 2016, when the UK’s Brexit referendum caused GBP/ZAR to fall back to 2013 levels.

  • The lowest GBP/ZAR rate seen during the last decade was 10.2373, which was struck on the 30th December 2010.
  • The pound hit 24.5133 against the Rand (its best level for a decade) on January 11th 2015.
  • ZAR is legal tender in Lesotho and Swaziland, and is also accepted in Namibia

Key currency information for Pound Sterling and the South African rand

The pound, also known as Sterling, has the symbol ‘£’, while the rand is represented by the letter ‘R’.

The rand is available in notes of R 200, R 100, R 50, R 20 and R 10. Coins are available in denominations of R 5, R 2, and R 1, as well as 50 cents, 20 cents, 10 cents and 5 cents.

The currency gets its name from the ridge where the bulk of South Africa’s gold deposits were discovered and Johannesburg subsequently built; Witwatersrand (White Waters Ridge). It was introduced on February 14th 1961, replacing the British Pound as legal tender.

Why does the GBP/ZAR exchange rate move?

The UK economy is largely based around services, so data showing strength or weakness in this sector has a strong influence on the pound. Since the UK’s Brexit referendum, political volatility has also weighed on GBP.

The Rand is a highly volatile currency due to the continued political instability that has hampered the nation’s economic recovery. The legacy of apartheid continues to weigh on the nation. South Africa is strongly export-based, producing mainly precious minerals such as gold and platinum, so data surrounding mining and trade have a significant impact upon ZAR.

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