The Pound Sterling and the South African Rand are two of the world's most actively traded currencies. Due to their large economies, both currencies are considered important for global finance and trading. This also means that their exchange rate is greatly affected by economic and political developments in both countries.
In February 2021, one British pound was worth around 19.94 South African Rand. Historically, the exchange rate between these two currencies has fluctuated widely due to changing economic conditions in the UK and South Africa. During times of economic stability, the exchange rate tends to remain steady with small fluctuations in either direction depending on global sentiment or news events.
The exchange rate between the British Pound and South African Rand is affected by a variety of factors including economic conditions, political developments and global sentiment. As a result, this exchange rate has displayed significant volatility over the years.
Its highest price point was recorded within last 5 years is in April 2020, when it went as high as 23.504, while its lowest point was seen in May 2018, when it dipped to 16.563. These prices reflect the movement of both the British Pound and South African Rand over the years. The pair is generally considered to be a risky but potentially rewarding option for investors, as its historical trend has been up and down with no definitive long-term direction.
Trading the British Pound and South African Rand can be a rewarding but volatile investment. Both currencies are actively traded around the world due to their large economies, making them good candidates for traders seeking to capitalize on exchange rate fluctuations.
Additionally, due to the size of both countries' economies the exchange rate between these two currencies is heavily affected by economic and political developments in both countries. This makes it an attractive option for those looking to take advantage of short-term trends in global markets or hedge against currency risks. Finally, traders can also benefit from more favourable trading conditions when dealing with liquidity issues since both currencies are popular on foreign currency exchanges.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and with low capital investment.