Trade Responsibly. Trade Responsibly.CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

GBPZAR - British Pound / South African Rand

Swap Short: 52.4675 PointsSwap Long: -375.974 Points
Low: 21.23680Spread MT5 floatingHigh: 21.36145
Global Stock Exchanges Session Times
Sydney
5:11 pm (Local)
Opens in 16h 39m
Tokyo
3:11 pm (Local)
Opens in 17h 49m
London
6:11 am (Local)
Opens in 25h 49m
New York
1:11 am (Local)
Opens in 32h 19m

GBPZAR Trading Chart

D1
W1
M1
No chart data
Past performance is not a guarantee or prediction of future performance.

Trading Conditions

Platform
cTrader
cTrader
MT4
MT5
Execution
Market Execution
Market Execution
cTraderSpreads + 0.35$ per 10K traded
Minimum: 61.50Average: 168.36
Market Hours*Closed Now
Market Hours*Closed Now
Limit and Stop Level0 points
Used Margin (1:100 leverage rate) in US Dollar1000 ZAR X USDZAR Rate
Minimum contract size1000 GBP (0.01 lots)
Minimum step for increasing contract size1000 GBP
Margin requirements to open a lock position *0

* Only if Margin Level > 100%

The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro 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. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.

The GBP/ZAR currency combination is a minor pair, yet it still has a sizeable global following. The relationship between the pair is heavily influenced by the correlation of two major global economies: the United Kingdom and South Africa. The pair behavior is often erratic, as the financial statuses of the two economies are influenced by many divergent factors. Despite being volatile and hard to predict, GBP/ZAR could be a very useful tool in the experienced trader portfolio.

The Republic of South Africa is the most developed state in all of Africa. A unique culture based on Zulu, Dutch and English traditions gives the country a unique local flavor. The wealth of coal, ore, gold, diamonds and other valuable resources brings the country impressive incomes, making the Rand rate very dependent on the world gold and raw materials prices, which must be taken into account when drawing up the chart analysis.

If you are interested in trading the GBP/ZAR currency pair, contact FxPro today and open trading account in several minutes.