CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks.Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
The base currency – GBP. The counter currency – ZAR. The GBP to ZAR chart is the British pound to the South African rand currency pair. It reflects how much the GBP is worth when measured against the ZAR. The GBP/ZAR is an exotic currency pair that is not traded as often as the majors, however still enjoys popularity among traders. Representing the largest global financial centre, the British pound is appreciated as one of the premier reserve currencies. South Africa is a middle-income emerging market and the largest global producer of gold, platinum and chromium. ZAR has relatively high interest rate, which makes it a popular trading currency. Follow the GBP to ZAR rates and explore this noteworthy trade vehicle.
Spot or forward? These two forex markets behave differently, and now you can trade both with us as forex CFDs. Here’s how they work, and what sets them apart.