Trading GBP/ZAR

High volatility in the GBP/ZAR currency pairing can bring with it great reward. So it is perhaps little surprise to learn that it’s a popular choice for day traders. The South African Rand and British Pound is an attractive starting point for new forex traders and a favoured pair for experienced traders. This page will guide you through trading the GBP against the ZAR, from understanding exchange rate conversions to making live forecasts. We also detail influences on the GBP/ZAR, as well as how to measure the best forward rates.

GBP/ZAR Trading Brokers

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    Pepperstone provides forex spreads on the EUR/USD averaging just 0.12 pips with their Razor account. This is highly competitive. Their extensive portfolio includes over 100 currency pairs, which exceeds what most rivals offer. Furthermore, Pepperstone stands out by offering three unique currency indices: USDX, EURX, and JPYX, which are rare on other platforms. They have been recognised with our 'Best Forex Broker' award twice.

    GBPUSD Spread EURUSD Spread GBPEUR Spread
    0.4 0.1 0.4
    Total Assets FCA Regulated Platforms
    100+ Yes MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade, Quantower
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    XTB offers access to over 70 currency pairs, with competitive spreads averaging about 1 pip for major pairs. Its xStation platform is user-friendly, providing traders with top-tier charting tools, over 30 indicators, and diverse order types to support different strategies and risk management needs.

    GBPUSD Spread EURUSD Spread GBPEUR Spread
    1.4 1.0 1.4
    Total Assets FCA Regulated Platforms
    70+ Yes xStation
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    FXCC champions its competitive forex trading environment. ECN spreads can drop to an impressive 0.0 pips during busy trading periods. Offering more variety than many competitors, it supports over 70 currency pairs. Furthermore, traders benefit from MT4, renowned for its exceptional charting capabilities, specifically designed for forex trading.

    GBPUSD Spread EURUSD Spread GBPEUR Spread
    1.0 0.2 0.5
    Total Assets FCA Regulated Platforms
    70+ No MT4, MT5
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    Vantage provides over 55 currency pairs, exceeding the industry norm, giving traders ample opportunities. With a robust liquidity pool, forex spreads start at 0.0 pips on the ECN account, often beating other options. Additionally, there are no commissions, deposit fees, or hidden charges.

    GBPUSD Spread EURUSD Spread GBPEUR Spread
    0.5 0.0 0.5
    Total Assets FCA Regulated Platforms
    55+ Yes ProTrader, MT4, MT5, TradingView, DupliTrade
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    IC Markets remains dedicated to offering tight 0.0-pip spreads on major currency pairs like EUR/USD, ensuring outstanding execution with an average speed of 35 milliseconds. Ideal for traders seeking high performance, those dealing in large volumes can also enjoy rebates of up to $2.50 per forex lot.

    GBPUSD Spread EURUSD Spread GBPEUR Spread
    0.23 0.02 0.27
    Total Assets FCA Regulated Platforms
    75 No MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower
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    FxPro provides over 70 currency pairs, though minors are excluded, and is renowned for its rapid execution and tight spreads, averaging 0.45 pips on EUR/USD. Traders can design, evaluate, and implement short-term strategies using the top-tier MT4 platform with expert advisors for algorithmic trading.

    GBPUSD Spread EURUSD Spread GBPEUR Spread
    0.6 0.45 0.73
    Total Assets FCA Regulated Platforms
    70+ Yes FxPro Edge, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade, Quantower
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    IG provides an extensive selection of over 80 currency pairs through its own web platform, mobile app, or MetaTrader 4. For advanced charting and forex analysis, the ProRealTime software is available. Testing shows forex spreads are competitive, beginning at 0.1 pips on major pairs such as EUR/USD.

    GBPUSD Spread EURUSD Spread GBPEUR Spread
    0.9 0.8 0.9
    Total Assets FCA Regulated Platforms
    80+ Yes Web, ProRealTime, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime
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    FOREX.com maintains its status as a leading foreign exchange broker, providing access to more than 80 currency pairs at highly competitive rates. Standout features include EUR/USD spreads starting at 0.0 and a $5 commission per $100k traded. Additionally, its SMART Signals feature aids traders by pinpointing price trends in major global markets.

    GBPUSD Spread EURUSD Spread GBPEUR Spread
    1.3 1.2 1.4
    Total Assets FCA Regulated Platforms
    80+ Yes MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
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    Eightcap provides over 50 currency pairs, matching the industry norm but falling short of leaders like CMC Markets, which offers more than 300. Nonetheless, Eightcap distinguishes itself with institutional-quality spreads starting from 0.0 pips on major pairs such as EUR/USD. The broker's competitively low commissions at $3.50 per side further enhance its appeal. Eightcap also equips traders with comprehensive forex data, including essential fundamentals, bullish and bearish signals, and a calendar monitoring significant foreign exchange market events.

    GBPUSD Spread EURUSD Spread GBPEUR Spread
    0.1 0.0 0.1
    Total Assets FCA Regulated Platforms
    50+ Yes MT4, MT5, TradingView
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    PrimeXBT provides trading services for more than 50 major, minor, and exotic currency pairs, with the benefit of margin trading and no commission fees. Our recent assessments show the platform to be fast, dependable, and well-equipped, featuring three chart types, ten timeframes, and 91 technical indicators. This makes it ideal for those employing active trading strategies.

    GBPUSD Spread EURUSD Spread GBPEUR Spread
    Variable 0.1 Variable
    Total Assets FCA Regulated Platforms
    45+ No Own

Safety Comparison

Compare how safe the Trading GBP/ZAR are and what features they offer to protect traders.

Safety Comparison
Broker Trust Rating FCA Regulated Negative Balance Protection Guaranteed Stop Loss Segregated Accounts
Pepperstone 4.6
XTB 4.6
FXCC 3.3
Vantage FX 4.6
IC Markets 4.6
FXPro 4.4
IG Index 4.9
Forex.com 4.9
Eightcap 4.3
PrimeXBT 2.8

Payments Comparison

Compare which popular payment methods the Trading GBP/ZAR support and whether they have trading accounts denominated in British Pounds (GBP).

Payments Comparison
Broker GBP Account Debit Card Credit Card Neteller Skrill Apple Pay
Pepperstone
XTB
FXCC
Vantage FX
IC Markets
FXPro
IG Index
Forex.com
Eightcap
PrimeXBT

Mobile Trading Comparison

How good are the Trading GBP/ZAR at mobile trading using apps or other mobile interfaces.

Mobile Trading Comparison
Broker Mobile Apps iOS Rating Android Rating Smart Watch App
Pepperstone iOS & Android 4.4 4.1
XTB iOS & Android 4.7 4.1
FXCC iOS & Android 4.8 4.4
Vantage FX iOS & Android 3.6 3.9
IC Markets iOS & Android 3.1 4.2
FXPro iOS & Android 4.7 4.3
IG Index iOS & Android 4.6 4
Forex.com iOS & Android 3.6 3.8
Eightcap iOS & Android 4.8 4.4
PrimeXBT iOS & Android 4.6 3.8

Beginners Comparison

Are the Trading GBP/ZAR good for beginner traders, that might want an affordable setup to get started, along with good support and educational resources?

Beginners Comparison
Broker Demo Account Minimum Deposit Minimum Trade Support Rating Education Rating
Pepperstone $0 0.01 Lots 4.6 4
XTB $0 0.01 Lots 4.3 3.8
FXCC $0 0.01 Lots 4.3 2.5
Vantage FX $50 0.01 Lots 4.4 4
IC Markets $200 0.01 Lots 4.5 3.5
FXPro $100 0.01 Lots 4 4
IG Index $0 0.01 Lots 4.5 5
Forex.com $100 0.01 Lots 4.3 4.5
Eightcap £100 0.01 Lots 4 3.5
PrimeXBT $0 0.01 Lots 3.5 3.5

Advanced Trading Comparison

Do the Trading GBP/ZAR offer features that allow for more advanced trading strategies?

Advanced Trading Comparison
Broker Automated Trading Pro Account Leverage VPS AI Low Latency Extended Hours
Pepperstone Expert Advisors (EAs) on MetaTrader 1:30 (Retail), 1:500 (Pro)
XTB Open API 1:30
FXCC Expert Advisors (EAs) on MetaTrader 1:500
Vantage FX Myfxbook AutoTrade, Expert Advisors (EAs) on MetaTrader 1:30
IC Markets Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
FXPro Expert Advisors (EAs) on MetaTrader, cBots on cTrader 1:30 (Retail), 1:500 (Pro)
IG Index Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime 1:30 (Retail), 1:222 (Pro)
Forex.com Expert Advisors (EAs) on MetaTrader 1:30
Eightcap TradingView Bots 1:30
PrimeXBT 1:1000

Detailed Rating Comparison

Use this heatmap to compare our detailed ratings for all of the Trading GBP/ZAR.

Detailed Rating Comparison
Broker Trust Platforms Mobile Assets Fees Accounts Support Research Education
Pepperstone 4.6 4.4 4.3 3.8 4.4 4 4.6 4.3 4
XTB 4.6 4 4.4 4 4.3 4 4.3 4.1 3.8
FXCC 3.3 3.3 4.6 3 4 3.5 4.3 2 2.5
Vantage FX 4.6 4.3 3.8 4.5 4.4 4.5 4.4 4 4
IC Markets 4.6 4 3.7 3.5 4.6 4 4.5 4 3.5
FXPro 4.4 4.3 4.5 4 4 3.8 4 4 4
IG Index 4.9 4.9 4.3 4.5 3.5 4 4.5 4.9 5
Forex.com 4.9 4.6 3.7 4.3 4.6 4 4.3 4.8 4.5
Eightcap 4.3 4.3 4.6 3.6 3.8 4 4 3.5 3.5
PrimeXBT 2.8 3.8 4.2 4 4 3.3 3.5 3.5 3.5

GBP/ZAR Explained

The GBP to ZAR exchange rate simply depicts the value of the Great British Pound versus the South African Rand. The GBP is the base currency while the ZAR is the counter currency. For forex traders, it’s a measure of the strength of the GBP against the ZAR, and vice versa.

Historical exchange rates, along with live candlestick charts, will give you an idea of how the GBP/ZAR forex pair has performed today.

GBP/ZAR Chart

Why Trade GBP/ZAR

GBP vs ZAR is a popular currency pair for traders of all experience levels. But why do so many day traders seek profits from this pair?

  • Volatility – GBP and ZAR can be volatile. Economic and political instabilities cause daily price fluctuations. This provides greater potential to make profits, making it an attractive investment for traders.
  • Growth –The amount of ZAR you could get per GBP hit its lowest in December 2001, at a rate of 13.84. GBP ZAR today is much stronger. Experts forecast the GBP/ZAR pairing will strengthen further in 2025 as economies recover from the effects of Covid-19.
  • Size – Representing two large world economies, their size leads to an abundance of financial and economic data released. The volume of information available means that insight on factors that influence the exchange rate, including historical data, is easily accessible.

One important factor to consider when forex trading is whether the counter currency (the ZAR in this case) is getting stronger. Daily price moves mean GBP v ZAR will be weaker on some days than others. In this case, you should use historical data, and look at exchange rate history, to project when the ZAR will likely recover.

Influences On GBP/ZAR

Representing two large economies, GBP to ZAR can be a volatile currency pairing for investors. To be able to make a sound forecast on how the GBP/ZAR rate is going to fluctuate, you first need to understand the economies involved.

UK Economy

Before Brexit, the UK economy was the second-largest in the European Union behind Germany. It’s also the second biggest exporter of services in the world and the eighth largest exporter of goods.

The UK economy is susceptible to so-called stagflation – a mixture of stagnant economic growth and high inflation. High volatility offers greater potential to make profits when placing GBP/ZAR live trades or futures.

South African Economy

The South African economy is very different from the UK. That said, it’s in a great economic position. It’s the second-largest economy on the African continent and is a country full of rich natural resources. This includes gold and other precious materials, as well as fossil fuels like oil and gas. Natural resources accounted for a third of economic growth in the last 10 years. Other industries such as transportation, telecommunications and manufacturing accounted for the rest.

When converting GBP to ZAR, look at the latest interest rates and economic releases from the South African Reserve Bank – the central bank for the country. These will influence the currency pair.

Political & Social Influences

Political and social influences also weigh on the GBP/ZAR pairing.

South Africa has one of the best economies on the African subcontinent, but this does not mean that it is working well for all its citizens. South Africa suffered for a long time under apartheid and even today, there are still racial issues present. There are also still large divisions between the wealthier population who live in major cities, and those who live in poverty out in the country.

The UK also left the European Union on December 31st, 2020. Some trade agreements are in place but negotiations are ongoing. The political and social instability causes both currencies to fluctuate. When you trade GBP in ZAR you can experience volatility depending on the wider environment you are trading in.

Conducting GBP to ZAR predictions requires you to look at the fundamentals. It also requires you to consider technical analysis to determine the sentiment of the market and outlook for the exchange rate. Checking the latest political and economic news will help you to determine when to make your trades live, so you can get the best buying and selling rate, and make your forecast for 2025.

Measuring GBP To ZAR Rates

There are many top brokers out there that will help you buy GBP to ZAR with the best rates available.

Before you trade, you first need to question how much is 1 GBP worth to ZAR today. Using a 5-year, 10-year or 20-year graph, you can see exchange rate history. It will also show how the chart has moved in the last 30 days and yesterday. If you are making a forecast for next week, look at the GBP vs ZAR trend to make an accurate projection.

Final Word On Trading GBP/ZAR

ZAR/GBP is popular among both new and experienced traders for a reason. The volatility offers the potential to make high returns. Both countries have political and economic instability that can influence the pairing. So, consider your risk allocation and use stop losses to protect your capital. Checking live and historical rate charts before executing a trade is key. Using a top broker will give you access to the relevant information to make trading forex a success. And remember, when converting GBP to ZAR it’s important to check its history, given the volatility and fluctuations in price.

Find out more about forex trading.

FAQ

What Is The Weakest GBP/ZAR Has Ever Been?

After the September 11th, 2001 attacks, Zimbabwe introduced a controversial land reform programme. This propelled the ZAR to its weakest historical level of R 13.84 in December 2001, meaning for 1 GBP you would have got 13.84 ZAR. The GBP to ZAR rate today is much stronger.

Where Is It Possible To Buy GBP Versus ZAR?

Measuring 1 GBP into ZAR using a currency exchange, such as the Post Office, will give you the latest tourist rate. There are several top brokers that we’d recommend for executing the best GBP v ZAR live spot rates, such as Pepperstone. Yahoo also displays live rates.

What Weakens The GBP/ZAR?

Since South Africa relies on mineral exports and low commodity prices in the past led to a weakening of the Rand. The reserve bank is expected to adopt an aggressive monetary policy and come up with bigger rate hikes to prevent the Rand from declining further.

Why Is The South African Rand Called ZAR?

The South African Rand originates from the Dutch Zuid-Afrikaanse Rand. Its name is taken from the area that had the most gold deposits in South Africa – Witwatersrand. It’s the ridge upon which Johannesburg is built. As with all countries, the currency is abbreviated as a code and in the Rand’s case, it is ZAR.

Will The GBP/ZAR Strengthen In 2021?

The South African Rand is expected to rise significantly in 202122 as the Covid-19 vaccine boosts global economic recovery. Use a live chart to see how many ZAR you can get to the pound, its pip value, whether GBP to ZAR will weaken, and its current selling rates.