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For access to your online account please contact your personal account manager, alternatively email hello@currencyflow.com
For access to your online account please contact your personal account manager, alternatively email hello@currencyflow.com
Use this chart to follow the ZAR to GBP rate in real time and judge when the market feels right for your transfer.
Here's how the ZAR to GBP rate has moved over the past year:
The ZAR to GBP rate can shift quite a bit because the two currencies react to different parts of the global economy. The rand tends to move when local conditions change or when global confidence rises or falls, while the pound is usually guided by UK data and whatever markets expect from the Bank of England. When news is coming from both sides, the rate can move several times throughout the day.
The rand can move for all sorts of reasons, and updates on inflation or the broader economy often play a part. Some periods feel calmer, and ZAR holds its ground or even firms up a little. At other times the outlook becomes less certain, and the currency can drift lower without any single clear trigger.
GBP usually moves when new UK data is released, whether it relates to inflation, wages, or the general direction of the economy. If the numbers come in stronger than markets were expecting, the pound can firm up a little. There are also times when a more cautious message from the Bank of England cools that momentum.
Changes in market mood can have a noticeable effect on the rand. In quieter moments it holds up fairly well, but when investors grow more cautious it is common to see ZAR lose a little ground. Once conditions settle, the currency often steadies and may start to pick up again.
South Africa’s export earnings are tied closely to metals and minerals, so changes in global commodity demand often influence ZAR. When prices are strong, the rand tends to benefit. If that demand cools, the currency can become less supported.
Transfers and investment flows between South Africa and the UK vary throughout the year. When activity increases in one direction, banks can see more demand for either ZAR or GBP, which sometimes leads to small, short-term adjustments in the exchange rate.
A competitive ZAR to GBP rate can reduce the overall cost of your transfer, especially for larger payments. We offer:
It tends to shift throughout the day. The rand reacts quickly to local developments, commodity prices and changes in global sentiment, so it’s common to see the rate move more than you might expect.
Yes. If you want more certainty around the cost of your payment, you can use a forward contract to fix a rate in advance. This can be useful if you are planning a larger transfer or waiting for funds to clear.
They usually do. When demand for South African metals strengthens, the rand often finds support. If prices slip or global demand cools, ZAR can lose ground, which then influences how many pounds you receive.
You typically need the recipient’s name, IBAN or account number and the bank’s SWIFT code. If you’re sending a larger amount, you may also be asked for simple supporting documents, which is standard when moving money out of South Africa.
