Today, 1.00 (one) Rand is worth 0.04 Pound, ie, R1.00 = £0.04. That's because the current exchange rate, to GBP, is 0.04. So, to make Rand to Pound conversion, you just need to multiply the amount in ZAR by 0.04.
Learn how to get the best Rand exchange rate before exchanging your money
The Rand is the official Rand currency. ZAR/GBP represents the value of Rand money in Pound money and it is called the 'exchange rate' or 'forex rate'. This exchange rate from Rand to Pound is today at 0.043.
As an example, suppose you are from London Great Britain and you travel to Cape Town or Cape City South Africa. There, you need to get 1000 Rands ( R) at a Cape Town or Cape City bank to pay your hotel. In this case you would pay 0.043 * 1000 = 43.339 Pounds (£). But, in practice, you will pay more (or perhaps much more) to get the same amount of your foreign currency due to the margin for the money conversion services costs like: commissions, credit card surcharges, ATM fees and other expenses. If, for example, you are using a credit card, this margin will typically be around 2 to 3 percent. We recommend that you choose the best place to make your money exchange because there can be a large difference between forex rates you will get.
In the example above for a 1000 Rands amount, the result of the money conversion is 44.206 GBP for a 2% margin or 44.639 GBP for a 3% margin.
Some Internet based foreign currency exchange agencies add 10 percent or even more. So, if you make the same calculations above, there will be a difference of about 4.334 GBP depending on which forex bank or agency you choose to exchange your money. So, that's why we advise you to seek the best place to get the best fx rates for your upcoming money transfer/exchange. The only way to know what is the best exchange rate is to know what the current rate is. You can easily accomplish this by using periodically our currency converter above to get an idea of what forex rate to expect.
Note: If you use our currency converter, you only need to choose the amount of margin in its drop-down list and have an estimate of how much you will pay to get the desired amount.
By the way: there are some notations for this currency pair like ZAR-GBP or ZARGBP among others. The currency symbol for Rand is (R) while the currency symbol for Pound is (£). Note also that the South Africa country code is ZAF or ZA. The Great Britain country code is GBR or GB
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