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3 days ago · In three months the Pound-to-Rand exchange rate is expected to fall to 22.377, 1.51% lower than today's GBP/ZAR price of 22.7193.Based on market research last updated 11/10/2024. Read More ...
3 days ago · GBP to ZAR forecast at the end of the month 23.49, change for November 0.9%. Pound to Rand forecast for December 2024. In the beginning rate at 23.49 Rands. High exchange rate 23.52 and low 22.82. The average for the month 23.25. GBP to ZAR forecast at the end of the month 23.17, change for December -1.4%.
- Key South African Rand Drivers
- Rand Remains Under Pressure from Deficits
- South African Rand Forecast: Will The Rand Remain Under Pressure Or Rebound?
- The Bottom Line
The South African rand is the official currency of the Southern African Common Monetary Area, issued by the South African Reserve Bank (SARB). The rand is used in South Africa and in Namibia, Lesotho and Eswatini alongside their local currencies, which are pegged to the rand. The rand was introduced in 1961, ahead of South Africa becoming a republi...
The rand started 2022 at 15.40 against the US dollar, and strengthened to 14.61 at the start of March. But the gains were short-lived, and the rand began to trend lower, reaching 15.81 on 1 April. It climbed above 16.00 in May. The USD/ZAR pair passed the 17.00 mark in July and reached 18.40 on 24 October, its highest level since April 2020. The pa...
USD/ZAR forecast
In their latest South African rand forecast, CIBC’s analysts were cautious, expecting the currency to move back to 18 against the US dollar by the end of 2022, noting: “The presumption of significant additional tightening continues to weigh on growth assumptions and drag on broad investor sentiment. A prolonged period of above average inflation and slow growth, additionally the current account is expected to slip back into deficit territory into 2023, underlines why speculative ZAR holdings h...
EUR/ZAR forecast
At the time of writing (8 November), analysts saw the potential for the rand to strengthen against the euro over the long term, following potential short-term weakness. MUFG’s South African rand forecast for 2023 showed the EUR/ZAR pair rising to 18.12 in the first quarter, from 17.67 at the end of 2022, but then retreating to 17.75 by the third quarter. The EUR/ZAR forecast from Denmark’s Danske Bankindicated that the pair could decline from the current spot rate around 17.77 to 16.50 in one...
GBP/ZAR forecast
Similarly, Danske’s GBP/ZAR forecast estimated that the rand could gradually strengthen over the next year, with the pair falling from 20.45 at the time of writing (8 November) to 18.74 in one month, 18.34 in three months, 18.56 in six months and 18.38 in 12 months. But for the longer term, the British pound to South African rand forecast for 2025 from algorithm-based forecasting service Wallet Investorshowed the pair rising to 20.714, from 20.231 at the end of 2023 and 19.976 at the end of 2...
Are you looking for a South African rand forecast to inform your foreign exchange trading strategy? It’s important to remember that the volatility of currency markets makes it difficult for analysts and algorithm-based forecasters to come up with accurate long-term predictions. We recommend that you look at the latest market trends, news, technical...
Oct 4, 2024 · Pound to Rand Forecast, GBP to ZAR foreign exchange rate prediction, buy and sell signals. Rate target in 14 days: 23.040. The best long-term & short-term GBP/ZAR FX ...
- According to our Forecast System, GBP to ZAR Forex pair is a not so good long-term (1-year) investment *.
- The GBP/ZAR Forex rate is 23.741 today.
- Yes. The GBP/ZAR exchange rate can go up from 23.741 to 23.994 in...
- Yes. The long-term earning potential is + 1.07 % in one year.
- No. See above .
- The GBP/ZAR (GBPZAR ) future rate will be 26.846 .
- According to our analysis, this will not happen.
GBP to ZAR forecast for March 2025. In the beginning at 22.14 Rands. Maximum 22.14, minimum 21.16. The averaged exchange rate 21.73. GBP to ZAR forecast at the end of the month 21.48, the change for March -3.0%. Pound to Rand forecast for April 2025. In the beginning at 21.48 Rands. Maximum 22.23, minimum 21.48.
2 days ago · Live Rand Exchange Rates. In 2 weeks GBP to ZAR prediction on Wednesday, October, 30: exchange rate 23.05 Rands, maximum 23.40, minimum 22.70. GBP to ZAR forecast on Thursday, October, 31: exchange rate 23.06 Rands, maximum 23.41, minimum 22.71. GBP to ZAR prediction on Friday, November, 1: exchange rate 23.27 Rands, maximum 23.62, minimum 22.92.
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Jul 11, 2023 · The South African Rand climbed against most of the currencies in the G20 bucket during the opening half of the week and could lead GBP/ZAR to one month lows with a break back beneath the 20.0 ...
