British Pound

British Pound

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception.Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the Chinese yuan it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is also the third most-held reserve currency in global reserves (about 4%).The British Crown dependencies of Guernsey, Jersey and the Isle of Man produce their own local issues of sterling (the Guernsey pound, the Jersey pound and the Manx pound) which are considered fully equivalent to UK sterling in their respective regions. The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound). The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Banknotes issued by other jurisdictions are not regulated by the Bank of England; local governments use Bank of England notes as backing for local issuance by allowing them to be exchanged 1:1 at face value.

South African Rand

South African Rand

The rand (sign: R; code: ZAR) is the currency of South Africa. The Rand is subdivided into 100 cents (sign: "c"). The ISO 4217 code is ZAR, from Dutch Zuid-Afrikaanse Rand (South African Rand). The Rand is legal tender in the Common Monetary Area between South Africa, Swaziland, Lesotho, and Namibia, although the last three countries do have their own currencies pegged at par with rand. Before 1976, the rand was legal tender in Botswana.

1 British Pound to South African Rand Exchange rates Chart

1 British Pound to South African Rand
1 GBP to ZAR exchange rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

1 British Pound to South African Rand Exchange rates FAQs

What is 1 GBP to ZAR?

The meaning of 1 GBP to ZAR is to exchange 1 British Pound to South African Rand by applying the latest currency rate on the market. The actual exchange rates you can get vary between different bureau de changes. We are offering inter-market exchange rates to convert 1 GBP to ZAR in the chart below.

Who can convert 1 GBP to ZAR?

Anyone with 1 British Pound can find a local bank or a bureau de change to convert into South African Rand . However, if neither GBP nor ZAR is the local currency. It might be quite difficult to find a local broker to faciliate the exchange. That's why we are offering details about local forex brokers to save the time of searching around for the right broker.

When to exchange 1 GBP to ZAR?

Due to the nature of the forex market, the exchange rates for 1 GBP to ZAR is changing all the time in New York between 01:00 pm – 10:00 pm GMT; at 10:00 pm GMT Sydney comes online; Tokyo opens at 00:00 am and closes at 9:00 am GMT; and to complete the loop, London opens at 8:00 am and closes at 05:00 pm GMT. So the currency rate you see in this page may change any minute. It's better to lock in the exchange rates with your local broker so that you won't be affected for any future rate changes.

Why do I want to convert 1 GBP to ZAR?

Most likely you are traveling and want to get some South African Rand cash. Or you've just came back from a recent trip or received cash transfer from overseas. There are many reasons to convert 1 British Pound to South African Rand. And we believe you should be getting the best exchange rate available on the market to exchange the currency.

Where to exchange 1 GBP to ZAR?

Usually you can find a local bank, post office or bureau de change to exchange 1 GBP to ZAR. But you will soon find out that the exchange rates you can find at all thoses places vary by a lot. It's better to be prepared before hand and do your research about the local forex brokers. That's the exact reason why we are doing the homework for you to find the best local bureau de change to avoid being ripped off. All you need to do is input the amount of South African Rand you wnat to buy or sell and we will show you where to find the best rate. No forex exchange commissions or fees required!

How to convert 1 GBP to ZAR?

Use the tool we provided here to find the best exchange rates for 1 GBP to ZAR. Lock in the rate by contacting the broker directly by phone or message. And go to the branch with 1 British Pound in hand then exchange the cash you want in store or online. It's just that simple with no fees or commissions from us!

1 British Pound to South African Rand Exchange rates Table

Exchange GBP to ZAR
1 British Pound = 22.609 South African Rand
2 British Pound = 45.218 South African Rand
5 British Pound = 113.045 South African Rand
10 British Pound = 226.091 South African Rand
Exchange British Pound to South African Rand
1 GBP to ZAR cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

1 GBP to ZAR at Bidvest Bank

1 GBP to ZAR at Bidvest Bank
1 British Pound = 22.001 South African Rand
Bidvest Bank
Bidvest Bank

About Us Let's get it done We’re a leading second tier bank and a subsidiary of The Bidvest Group Limited. Our strategy includes diversifying a historically forex- and fleet-focused customer base to one of business and personal banking services. This diversification strategy, combined with a prudent lending philosophy resulted in the recent upgrade, by Moody’s Financial Services, of Bidvest Bank’s long-term national scale rating from A1 to Aa2, an increase of two notches. About Us Bidvest...

Bidvest Bank in Bloemfontein

Bloemfontein Tel: 051 430 3293/2562 Fax: 051 430 0977 View map Monday-Friday: 09h00-17h00, Saturday: 09h00-12h00, Sunday and public Holidays: closed ATM: Located outside of the branch and is available 24 hours a day. Mimosa Mall, Shop L30A, Ground Floor Banking Hall, 131 Kellner Street, Brandwag, Bloemfontein P. O. Box 35545, Faunasig, 9325 GPS: S29 1094', E26 2018'

Bidvest Bank in Cape Town

Blue Route Tel: 021 712 6089 Fax: 021 712 6191 View map Monday-Friday: 09h00-17h00, Saturday: 09h00-14h00, Sunday and Public holidays: closed ATM: None Shop G6, Blue Route Mall, 15 Tokai Road, Dreyersdal, Tokai, Cape Town GPS: S34 03.910', E18 27.250' Cape Town CBD - Shop 7a St Georges Mall Tel: 021 418 1206 Fax: 021 419 5709 View map Monday-Friday: 08h30-17h00, Saturday: 09h00-12h00, Sunday: closed ATM: None Shop 7a, Norton Rose House Building, Southern Life Centre, St. Georges Mall, Cape...

Bidvest Bank in Durban

Ballito Tel: 032 946 3815 Fax: 032 946 2887 View map Monday-Friday: 09h00-17h00, Saturday: 09h00-13h00, Sunday: 09h00-13h00 ATM: None Shop 440, Ballito Junction Regional Mall, Leonora Drive, Ballito, 4420 GPS: S29 31.529', E31 12.165' Berea Tel: 031 202 7833 Fax: 031 202 6675 View map Monday-Friday: 09h00-17h00, Saturday: 09h00-13h00, Sunday: 09h00-13h00 ATM: Located outside of the branch and is available 24 hours a day. Shop 311A, Level 3, Musgrave Centre, 115 Musgrave Road, Berea, Durban,...

Bidvest Bank in East London

East London - Hemingways Tel: 043 726 0898 Fax: 043 726 0881 View map Monday-Friday: 08h30-16h30, Saturday: 08h30-12h30, Sunday: closed ATM: None Shop UG 42, Hemingways Shopping Centre, Two Rivers Drive, Dorchester Heights, East London GPS: S32 58.219', E27 54.049' East London - Patcyn Centre Tel: 043 726 8200 Fax: 043 726 8225 View map Monday-Friday: 08h30-16h30, Saturday: 08h30-12h30, Sunday: closed ATM: Located inside the branch and is only available during specified branch office hours....

Bidvest Bank in Johannesburg

Gauteng - Johannesburg Bedfordview- Eastgate Tel: 011 616 2077/80 Fax: 011 616 7740 View map Monday-Friday: 09h00-18h00, Saturday: 09h00-16h00, Sunday and Public holidays: 09h00-13h00 ATM: Located outside of the branch and is available 24 hours a day. Shop U56, Eastgate Shopping Centre, Bradford Road, Bedfordview, 2007 P. O. Box 752302, Gardenview, 2047 GPS: S26 10.774', E28 07.108' Benoni Tel: 011 849 6502 Fax: 011 849 1102 View map Monday-Friday: 09h00-16h30, Saturday: 09h00-12h00, Sunday:...

1 GBP to ZAR at Standard Bank

1 GBP to ZAR at Standard Bank
1 British Pound = 22.145 South African Rand
Standard Bank
Standard Bank

The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent right-wing South African politician John Paterson[3][4] formed a bank in London, initially under the name Standard Bank of British South Africa. The bank started operations in 1863 in Port Elizabeth, South Africa, and soon...

Standard Bank in Johannesburg

BRANCH CLOSURES GAUTENG CLOSED IN 2019 (JAN-MAY) PROVINCE BRANCH NAME NEAREST BRANCH DISTANCE NAME OF NEAREST BRANCH GAUTENG ALBERTON BRANCH 1st Closest NEWMARKET SERVICE CENTRE 2nd Closest JOBURG MARKET SERVICE CENTRE 3rd Closest THE GLEN BRANCH ALICE LANE/SANDTON BRANCH 1st Closest SANDTON CITY BRANCH 2nd Closest ALEXANDRA SERVICE CENTRE 3rd Closest ROSEBANK BRANCH ARCADIA BRANCH 1st Closest SUNNYSIDE BRANCH 2nd Closest TSHWANE MID CITY BRANCH 3rd Closest GEZINA BRANCH BALFOUR PARK BRANCH...

1 GBP to ZAR at Tower

1 GBP to ZAR at Tower
1 British Pound = 20.016 South African Rand
Tower
Tower

About Tower Core competency in foreign exchange Tower is a Bureau de Change that provides foreign currency services to the travel and leisure industry and the banking sector - from individuals to corporate clients. The best rate independence can find Being independent enables us to pursue and locate the best available rates for our clients - we are more than competitive on all our currencies. Expert Personnel Our carefully selected personnel have extensive training and expertise in foreign...

Tower in Cape Town

Cape Town Ground Floor JDN House, 26A Shortmarket Street, Cape Town Tel: (021) 422-1643 Fax: (021) 424-2258

Tower in Durban

Durban Shop 101 1st Floor The Wheel Shopping Centre, 55 Gillespie Street. Durban Tel: (031) 368-3403 Fax: (031) 368-2713

Tower in Johannesburg

Office 17, 2nd Floor ,1 Melrose Boulevard Melrose Arch Johannesburg Tel: (011) 994-4900 Fax: (011) 684-2759 / 2749 Postal Address:P.O Box 51, Melrose Arch, 2076 E-mail: [email protected] Web: www.towerfx.co.za Bedford Centre Shop K14 Bedford Centre Cnr Bradford / Smith Rd, Bedford Gardens, 2008 Tel: (011) 615-9807 Fax: (011) 615-6735 Cresta Shop U69 Cresta Shopping Centre Beyers Naude Dr, Cresta Tel: (011) 678-2938 Fax: (011) 678-9340 East Rand Mall Shop 155 Banking Mall, East Rand Mall...

Tower in Port Elizabeth

Port Elizabeth Shop 15, Summerstrand Village Shopping Centre Cnr 8th Avenue and Marine Drive Tel: (041) 583 6719 Fax: (041) 583 6706

Tower in Pretoria

Hatfield Shop A004 The Fields, 1066 Burnett Street. Hatfield Tel: (012) 342-7094 Fax: (012) 342-6794

1 British Pound to South African Rand Exchange rates Tweets

1 GBP to ZAR added 1 tweet
2020-03-30 14:00:02 UTC
@fenetreeurope How does Brexit affect the British pound?
1 GBP to ZAR added 1 tweet
2020-03-30 13:59:55 UTC
@JessieHillcox How does Brexit affect the British pound?
1 GBP to ZAR added 1 tweet
2020-03-30 13:59:42 UTC
@brexit_fact How does Brexit affect the British pound?
1 GBP to ZAR added 1 tweet
2020-03-30 19:49:01 UTC
RT @MihrThakar: The South African Rand has COLLAPSED 55% from 13.10 Kenya Shillings for a Rand in 2011 to 5.87 currently. https://t.co/sMF65kVhb7
1 GBP to ZAR added 1 tweet
2020-03-30 19:46:43 UTC
RT @iamkoshiek: The South African Rand (ZAR) hit an all time low, breaching R18 in exchange for one USD. It's really a confluence… https://t.co/tBJdDjBW53
1 GBP to ZAR added 1 tweet
2020-03-30 19:45:52 UTC
RT @MihrThakar: The South African Rand has COLLAPSED 55% from 13.10 Kenya Shillings for a Rand in 2011 to 5.87 currently. https://t.co/sMF65kVhb7

1 British Pound to South African Rand Exchange rates Videos

Shyam Devani of Citi says investors should wait for more clarity on Brexit before trading the British pound. For now, he is ...
If you are travelling to the UK you can use this video as a guide as to what the notes look like.
The already-battered South African rand continues to be affected by the news that the country plunged into a recession, this with a ...
Sep.04 -- George Saravelos, global co-head of FX research at Deutsche Bank, discusses the outlook for the rand as South African ...
More than a dozen banks have been accused of rigging the price of South Africa's currency, the rand. The country's Competition ...

1 British Pound to South African Rand Exchange rates News

‘To his credit!’ Gordon Brown is surprise HERO - shock poll reveals

GORDON BROWN should be praised for keeping the UK out of the euro and protecting the British pound, a poll of Express.co.uk readers has found.

3 days conditional neutral
UK pound falls after Johnson admitted to hospital over coronavirus symptoms

In a rare televised address to the nation, Queen Elizabeth II urged the public to stay resolute

2 days subjunctive neutral
EU clears 50 billion pound UK 'umbrella' scheme to support economy

The European Commission said on Monday it had approved a 50 billion pound ($61.5 billion) British "umbrella" scheme to support companies affected by coronavirus outbreak.

2 days conditional negative
Sibanye-Stillwater to declare force majeure on S.African platinum output

Platinum producer Sibanye-Stillwater said on Monday it would declare force majeure on supply contracts for platinum group metals (PGM) after it temporarily closed its South African mines to comply with a three-week national lockdown.

9 days conditional neutral
South Africa's rand firms after trade data, stocks rise

South Africa's rand firmed against the dollar on Tuesday as strong trade balance numbers lifted the pressure on a currency which had plunged a day earlier following a sovereign credit rating downgrade, while stocks also closed higher.

8 days indicative neutral
South Africa Tax Agency Seeks Comments on Draft Bills to Implement Business Tax Relief Measures Due to Coronavirus

The South African Revenue Service April 1 opened a consultation seeking comments on two draft bills to implement business tax relief measures due to the coronavirus pandemic. The draft bills include measures that would: 1) establish an additional monthly employment subsidy of 500 South African rand (US$27) for four months, for qualifying employees earning less than 6,500 rand (US$358); 2) accelerate employment tax reimbursements to monthly from biannually for compliant employers; 3) allow companies with annual revenues under 50 million rand (US$2.75 million) to delay 20 percent of their employees’ taxes for four months and a portion of their corporate income taxes for six months; and 4) allow deductions for payments made to disaster relief funds established due to the coronavirus pandemic for four months. The measures would take effect the same date. Comments are due April 15. [South Africa, South African Revenue Service, 04/01/20]

2 days conditional negative

1 British Pound to South African Rand Currency converter

1 British Pound to South African Rand Exchange rates

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