Forex Zambia
1 GBP = 26.233 ZMW
Indicative rate, updated 7 hours ago. Not a live dealing rate - confirm with your broker before trading.
A live technical-analysis reading for GBP/ZMW, from Strong Sell to Strong Buy, updated automatically by TradingView. Forex has no reliable, freely-published Fear & Greed Index the way stocks or crypto do, so this momentum-based gauge is shown instead.
GBP/ZMW shows how many Zambian Kwacha one British Pound buys. It's driven by copper export earnings, Bank of Zambia policy and inflation, alongside the British Pound's own trend against the Dollar.
Rates shown here are indicative only, sourced periodically rather than streamed live. Confirm the exact rate with your bank or broker before converting funds or opening a trade.
Latest
25.8286
25 Sep 2026
Highest since Mar 2024
38.0488
23 Apr 2025
Lowest since Mar 2024
23.8253
17 Jun 2026
12-month average
26.8119
23.8253 – 32.1266
Over the past year GBP/ZMW has fallen 19.01%, meaning the GBP has weakened against the ZMW. In the last 30 days it has moved down 0.82%. Across the last 12 months it traded between 23.8253 and 32.1266. Its highest level in the data window (since March 2024) was 38.0488 on 23 Apr 2025, and its lowest was 23.8253 on 17 Jun 2026.
Based on weekly data from 6 Mar 2024 to 25 Sep 2026. Source: Weekly rate snapshots (currency-api). A rising rate means the GBP is strengthening against the ZMW. Past performance does not predict future results.
A pair's price is one currency's value measured against another, so the economy behind each side matters.
United Kingdom · Bank of England (BoE) · Free float
The Pound is one of the oldest currencies in continuous use and the fourth most-traded globally. London is the world's largest forex trading hub, so the Pound reacts quickly to UK data.
Zambia · Bank of Zambia (BoZ) · Managed float
Zambia is Africa's second-largest copper producer and one of its most commodity-dependent economies. The Kwacha is a freely floating currency in principle, but the Bank of Zambia intervenes to smooth volatility, and the currency trades thinly, so moves can be sharp.
GBP/ZMW is effectively a two-step rate: it combines the British Pound's value against the US Dollar with the Kwacha's value against the US Dollar. A move in either leg, or in both, changes GBP/ZMW.
Copper is the key common thread. Because it is priced in Dollars and Zambia depends on it for most export revenue, rising copper tends to strengthen the Kwacha, while falling copper tends to weaken it. Chinese demand (China buys most of the world's refined copper) is therefore an important background driver.
The Zambian Kwacha is an emerging or frontier-market currency. Compared with a major reserve currency, its market is thinner, so shifts in global risk appetite, Dollar liquidity and capital flows can move it faster and further than fundamentals alone would suggest.
Central-bank policy matters on both sides: the Bank of England (BoE) and the Bank of Zambia (BoZ). When one of them is expected to keep interest rates higher than the other, that currency usually attracts capital and strengthens; a narrowing gap tends to reverse the move.
Higher relative yields generally support the Pound
Global multinationals inside the index often move inversely to the Pound
Usually moves with the Kwacha: rising copper tends to strengthen it
Usually inverse: a stronger Dollar tends to weaken the Kwacha
A gauge of copper demand from Zambia's largest buyer
Reflect investor confidence in debt sustainability
1992 GBP
"Black Wednesday": the UK was forced out of the European Exchange Rate Mechanism, and the Pound collapsed.
2007 GBP
The Pound peaked around $2.10 against the Dollar just before the financial crisis.
2013 ZMW
The Kwacha was rebased, with 1,000 old kwacha (ZMK) replaced by 1 new kwacha (ZMW).
2015 ZMW
A copper price slump, power shortages and fiscal slippage triggered a sharp Kwacha depreciation.
2016 GBP
The Brexit referendum triggered one of the Pound's biggest one-day falls.
2020 ZMW
Zambia became the first African country to default during the COVID-19 period, and the Kwacha fell to record lows against the Dollar at the time.
2021 ZMW
A peaceful change of government and hopes of IMF support sparked a strong Kwacha rally.
2022 GBP
The "mini-budget" sparked a gilt and Pound sell-off, briefly pushing GBP/USD to its lowest since the 1980s.
2023 ZMW
Debt restructuring agreements with official creditors progressed, alongside a severe drought that hit power generation and the Kwacha.
2024 ZMW
Drought-driven load-shedding and a bondholder restructuring deal shaped sentiment, and the Kwacha weakened towards historic lows.
2025–26 ZMW
After touching its weakest level in our rate data in March 2025, the Kwacha staged a strong recovery against the US Dollar over the following year.
GBP/ZMW is a direct Kwacha rate, so it shows what Zambian importers, students, travellers and traders actually pay or receive when converting to or from the GBP. Most international retail brokers don't list Kwacha pairs, so traders normally trade Dollar-based pairs and use this rate to understand deposit and withdrawal costs.
Compare brokers offering these pairs →Most active: London session • Lusaka business hours, then the London and New York sessions
1 GBP is worth about 26.2330 ZMW (indicative, updated 7 hours ago). Always confirm the exact rate with your bank or broker before you convert or trade.
In the data we track (since 6 Mar 2024), GBP/ZMW peaked at 38.0488 on 23 Apr 2025 and bottomed at 23.8253 on 17 Jun 2026.
GBP/ZMW is influenced by the relative strength of the British Pound and the Zambian Kwacha. Key factors include: Bank of England policy, UK inflation and wage data, Copper prices, US Dollar strength and global risk appetite. See the sections above for the full list.
Activity and liquidity are typically highest during: London session • Lusaka business hours, then the London and New York sessions. Spreads are usually tighter when the relevant markets are open.
GBP/ZMW can be more volatile or carry wider spreads than the major pairs, so it usually suits experienced traders better. If you are new, start with a demo account and a major pair. Trading forex carries a high risk of loss.
This page is educational and is not investment advice. Rates, statistics and commentary are indicative and may contain errors or be out of date. Forex and CFD trading carries a high risk of loss.