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Great Britain Pound
| 1h | 24h | 7d | 14d | 30d | 1y |
|---|---|---|---|---|---|
| Market Cap | USD |
|---|---|
| 24h Vol (Global) | USD |
| Circulating Supply | GBP |
| Current date |
Great Britain Pound Price Chart
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Explore the Great Britain Pound/South African Rand live chart. With this interactive tool, you can review the price of GBP/ZAR, analyze rate trends in real time, track the GBP/ZAR pair exchange rate in historic terms, and build your trading strategy to trade GBP/ZAR with leverage on Swift Expert Trade.
Trading conditions
| Commission | 0.0001% |
| Min. order size | 100 GBP |
| Min. order size change | 100 GBP |
| Max. single trade size | 10000000 GBP |
| Max. exposure | 15000000 USD |
| Max leverage | 0.1% (1:1000) |
| Financing day / Long | 0.0694% Daily Funding Rate |
| Financing day / Short | 0.0694% Daily Funding Rate |
| Trading hours | 21:05 prev. day - 21:00, (Monday - Friday) |
Margin requirements
Swift Expert Trade allows to trade on margin. This means that you are able to leverage your investment by opening positions of larger size than the funds you have to deposit. Margin requirements vary from instrument to instrument and can be changed at any time to reflect market conditions.
| From | To | Margin requirements | Leverage |
|---|---|---|---|
| - | 1000000 | 0.1% | 1:1000 |
| 1000000 | 2000000 | 0.2% | 1:500 |
| 2000000 | 5000000 | 1% | 1:100 |
| 5000000 | > | 2% | 1:50 |
| Commission | 0.0001% |
| Min. order size | 100 GBP |
| Min. order size change | 100 GBP |
| Max. single trade size | 10000000 GBP |
| Max. exposure | 15000000 USD |
| Max leverage | 1% (1:100) |
| Financing day / Long | 0.00328% Daily Funding Rate |
| Financing day / Short | 0.00328% Daily Funding Rate |
| Trading hours | 21:05 prev. day - 21:00, (Monday - Friday) |
Margin requirements
Swift Expert Trade allows to trade on margin. This means that you are able to leverage your investment by opening positions of larger size than the funds you have to deposit. Margin requirements vary from instrument to instrument and can be changed at any time to reflect market conditions.
| From | To | Margin requirements | Leverage |
|---|---|---|---|
| 0 | 1000000 | 1% | 1:100 |
| 1000000 | 5000000 | 2% | 1:50 |
| 5000000 | > | 5% | 1:20 |
Profile
Great Britain Pound-South African Rand (GBP/ZAR)
GBP/ZAR is a unique currency pair that reflects the value of the British pound against the South African rand. The pair includes the official currency of the United Kingdom, which is regarded as one of the world's top reserve currencies, and the South African rand, a middle-income emerging market currency. Despite the fact that the GBP/ZAR currency pair is a minor one, it has a sizable international following. The correlation of two major global economies, the United Kingdom and South Africa, has a significant impact on the relationship between the two. The financial statuses of the two economies are influenced by a variety of divergent factors, so the pair's behavior is frequently erratic. Despite its volatility and difficulty in forecasting, the GBP/ZAR pair could be a valuable asset in the portfolio of a seasoned trader.
Currency Information
Great Britain Pound
The British pound sterling (GBP) is the official currency of the United Kingdom, the British Overseas Territories of South Georgia, South Sandwich Islands, and British Antarctic Territory, as well as the Isle of Man and the Channel Islands, which are crown dependencies of the United Kingdom. The symbol "£" denotes that it is divided into 100 pennies. Since it was first subdivided in Wales in 730, sterling has been the currency of England and the United Kingdom.
South African Rand
The South African rand (ZAR) is the country's official currency, with the sign ZAR serving as the currency's currency abbreviation in foreign exchange (Forex) markets. The rand of South Africa is made up of 100 cents and is typically denoted by the letter R. The Witwatersrand ("white waters' ridge" in English; rand is the Dutch and Africans word for "ridge"), on which Johannesburg is situated and where most of South Africa's gold reserves were discovered, gave the rand its name.
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