The Pound to South African Rand exchange rate today: -0.08 per cent lower at 20.34889.
Pound Sterling has been able to recover to within opening levels against the South African Rand, despite the uncertainty surrounding the implications of the UK’s ‘Brexit’ vote.
The South African Rand had enjoyed some strength from its status as one of the world’s largest producers of gold, considered one of the strongest safe-haven assets, although today it is weakening thanks to a report from the World Economic Forum ranking it 88th in the world for making use of its ‘human capital potential’.
With gold prices continuing to surge amidst the present atmosphere of market uncertainty, the South African rand to pound exchange rate extended its bullish run.
Although risk appetite remained generally diminished by the prospect of Brexit this nevertheless saw the GBP/ZAR exchange rate remain in a slump.
After the UK shocked markets by voting to leave the EU, the British Pound shed significant value.
Adding to the depreciation was uncertainty fuelled by the resignation of Prime Minister David Cameron.
The South African Rand (ZAR) exchange rates also struggled versus its peers thanks to reduced demand for emerging market assets and domestic political turmoil.
Below are the latest live FX rates:
On Tuesday the Pound to South African Rand exchange rate (GBP/ZAR) converts at 20.308
The ZAR to GBP exchange rate converts at 0.049 today.
The south african rand conversion rate (against euro) is quoted at 0.06 EUR/ZAR.
FX markets see the south african rand vs us dollar exchange rate converting at 0.066.
The south african rand conversion rate (against australian dollar) is quoted at 0.089 AUD/ZAR.
