Pound South African Rand (GBP/ZAR) Exchange Rate Rises as Rand Receives Moody’s Downgrade

GBP/ZAR Exchange Rate Edges Higher as Risk-Off Markets Weaken Rand The Pound South African Rand (GBP/ZAR) exchange rate rose by 0.7% today after the credit ratings firm Moody’s downgraded the South African currency to ‘junk’ status. The pairing is currently trading around R22.075. Bianca Botes, a treasury...

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