Today's exchange rate forecasts for the British Pound Sterling (currency:GBP) to Rand (currency:ZAR), the Swedish Krona (currency:SEK), Norwegian Krone (currency:NOK) and Danish Krone (currency:DKK) conversion rates today.
Before we bring you the latest analysis, forecasts and predictions for these currencies, let's look at today's updated forex rates:
On Sunday the South African Rand to British Pound exchange rate (ZAR/GBP) converts at 0.042
Today finds the pound to south african rand spot exchange rate priced at 23.733.
FX markets see the pound vs norwegian krone exchange rate converting at 13.95.
Today finds the pound to swedish krona spot exchange rate priced at 13.761.
FX markets see the pound vs danish krone exchange rate converting at 8.809.
Please note: the FX rates above, updated 28th Apr 2024, will have a commission applied by your typical high street bank. Currency brokers specialise in these type of foreign currency transactions and can save you up to 5% on international payments compared to the banks.
Pound to Rand Exchange Rate Today: GBP/ZAR
With the UK’s Lloyd Employment Confidence Report declining from 1 to -2 in December, the Pound softened against a couple of its currency counterparts and edged slightly lower against the Rand.
The GBP/ZAR pairing brushed a low of 17.3260 but also attained a high of 17.4380 as South Africa’s Manufacturing Production report disappointed.
Manufacturing production was shown to have fallen by -2.1% on the month in November rather than increasing the 0.9% expected. Production was down -1.3% on the year. An annual figure of 1.56% had been anticipated.
Pound to Norwegian Krone Rate Today: GBP/NOK
The Pound to Norwegian Krone exchange rate surged by 0.7% on Monday as the downtrend in oil prices continued.
The GBP/NOK moved between highs of 11.7010 and lows of 11.5731. The only Norwegian report with the potential to inspire Pound Sterling to Norwegian Krone exchange rate movement this week is the nation’s trade balance figures – due out on Thursday.
Additional fluctuations in the GBP/NOK pairing will be the result of UK news and global economic developments.
Pound to Swedish Krona Today: GBP/SEK
At the beginning of the week the Pound to Swedish Krona currency pair achieved a high of 12.2248, but spent much of the European session trading around the day’s opening levels of 12.2126.
Given that inflation data for both Sweden and the UK is scheduled for release tomorrow, the GBP/SEK exchange rate is likely to experience notable additional movement.
The pace of inflation is believed to have fallen by -0.1% on the month in December, leading to an annual figure of -0.3%.
Pound to Danish Krone Today: GBP/DKK
The Pound strengthened modestly against the Danish Krone on Monday, with the GBP/DKK exchange rate advancing by around 0.15% to hit a high of 9.5360 over the course of the European session.
Danish data showed that the nation’s annual inflation rate printed at 0.3% in December, down from 0.5% in November and in line with forecasts.
There are no further economic reports for Denmark this week, but investors will now be looking ahead to next week’s retail sales and consumer confidence stats.
Update 14/01/2015:
The Pound Sterling exchange rate complex saw losses against the Norwegian Krone, Swedish Krona, South African Rand and Danish Krona as a result of the UK’s Consumer Price Index.
The measure of inflation was predicted to have fallen below 1.0% in December – a result which triggered Sterling declines.
Other UK data to be aware of this week includes the British Retail Consortium’s like-for-like sales report and RICS House Price Balance figure.