Ocean bottom pressure gradients deduced from the satellite gravity mission Gravity Recovery and Climate Experiment (GRACE) were previously shown to provide barotropic transport variations of the Antarctic Circumpolar Current (ACC) with up to monthly resolution. Here, bottom pressure distributions from GRACE with monthly (GFZ RL04) and higher temporal resolution (CNES/GRGS with 10 days, ITG-GRACE2010 with daily resolution) are evaluated over the ACC area. Even on time scales shorter than 10 days, correlations with in situ bottom pressure records frequently exceed 0.6 with positive explained variances, giving evidence that high-frequency nontidal ocean mass variability is captured by the daily ITG-GRACE2010 solutions not already included in the applied background models. Bottom pressure is subsequently taken to calculate the barotropic component of the ACC transport variability across Drake Passage. For periods longer than 30 days, transport shows high correlations between 0.4 and 0.5 with several tide gauge records along the coast of Antarctica. Still significant correlations around 0.25 are obtained even for variability with periods shorter than 10 days. Since transport variations are predominantly affected by time-variable surface winds, GRACE-based transports are contrasted against an atmospheric index of the Southern Annular Mode (SAM), which represents the Southern Hemispheric wind variability. Correlations between the SAM and GRACE-based transports are consistently higher than correlations between any of the available sea level records in all frequency bands considered, indicating that GRACE is indeed able to accurately observe a hemispherically consistent pattern of bottom pressure (and hence ACC transport) variability that is otherwise at least partially masked in tide gauge records due to local weather effects, sea ice presence and steric signals.