South African Rand to Pound Sterling — exchange rate

The South African rand (R) is the currency of the Republic of South Africa. The currency is also legal in Lesotho and Namibia. The rand is a free currency, and in the financial world it is known as ZAR.

One rand is worth 100 cents. In 1961, after leaving the Commonwealth of Nations, the rand replaced the previous currency – the South African pound. All notes since 2012 have had a portrait of the most famous South African figure – Nelson Mandela – on the averse, and the reverse has had images of noble African animals.

The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.

Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.