South African Rand stays steady

28 July, 2011


Historically, the South African Rand has been a volatile currency while many others stayed steady against the Pound. However, with the recent financial volatility in the financial markets, the Rand has been relatively stable.

Sending money to South Africa is therefore becoming an increasingly attractive option for investors in overseas property. The best South African Rand rates have remained within a manageable range over the last 12-18 months.

Of course, using a currency broker such as Currency Index Ltd will save money compared to using typical high street banks.