BATW to ZAR Converter and calculator

Conversion rates
Convert BATW to ZAR
Convert ZAR to BATW
BATW to ZAR chart
BATW to ZAR conversion data: Volatility and price changes of Base Around the World in ZAR
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
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High | 0 ZAR | -- ZAR | -- ZAR | -- ZAR |
Low | 0 ZAR | -- ZAR | -- ZAR | -- ZAR |
Average | 0 ZAR | 0 ZAR | 0 ZAR | 0 ZAR |
Volatility | % | % | % | % |
Change | -- | -- | -- | -- |
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Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Base Around the World information
BATW to ZAR market statistics
Current BATW to ZAR exchange rate
Base Around the World to South African rand is falling this week.More info about Base Around the World on Bitget
South African rand information
About the South African Rand (ZAR)
What Is the South African Rand (ZAR)?
The South African Rand, designated as ZAR and symbolized as R, is the official currency of the Republic of South Africa. It is also recognized in the Common Monetary Area, shared with Lesotho, Namibia, and Eswatini, where it circulates alongside local currencies. The Rand is subdivided into 100 cents.
The South African Rand is issued by the South African Reserve Bank (SARB). The SARB is the central bank of South Africa and is responsible for the production and distribution of banknotes and coins in the country. It oversees the monetary policy and maintains financial stability in South Africa, playing a crucial role in the economy of the nation.
What Is the History of ZAR?
The Rand takes its name from the Witwatersrand, meaning "white waters' ridge" in Afrikaans, which is the location of Johannesburg and a major gold-mining area. Introduced in 1961 when South Africa became a republic, it replaced the South African pound at a rate of 2 Rand to 1 pound.
Notes and Coins of ZAR
South African coins are issued in denominations of 1, 2, 5, 10, 20, and 50 cents, and 1, 2, and 5 Rands. Banknotes are available in 10, 20, 50, 100, and 200 Rand denominations. Since 2012, banknotes have featured Nelson Mandela on the front and the "Big Five" wild animals on the back. Commemorative notes released in 2018 feature Mandela's images.
Exchange Rate History of ZAR
Initially, the Rand was strong, trading at 1.40 USD in its early years. However, due to inflation and international opposition to apartheid, its value declined. By 1985, it traded at 2 Rands per USD and continued to depreciate, reaching over 6 ZAR/USD by 1999 and nearly 14 ZAR/USD by 2001. After recovering to about 6-to-1 against the dollar by 2006, it faced another decline due to a slowdown in the mining industry and global economic factors. In 2016, it reached an all-time low of nearly 18 ZAR/USD.
What Is The Common Monetary Area?
The Common Monetary Area (CMA) is a monetary union in Southern Africa comprising South Africa, Namibia, Lesotho, and Eswatini. It facilitates the free movement of capital and services among these nations, with the South African Rand (ZAR) serving as the primary currency. Within this union, while each member country has its own currency, the Rand is also legal tender and the local currencies are pegged at par with the Rand. This arrangement ensures economic stability and fosters cooperation among the member states. The South African Reserve Bank plays a pivotal role in influencing the monetary policy across the CMA, thereby promoting a higher degree of economic integration and facilitating seamless trade and financial transactions across these national borders.
Is ZAR a Stable Currency?
The South African Rand (ZAR) has historically exhibited a degree of volatility, influenced by a combination of domestic challenges and global economic factors. Internally, issues such as political uncertainty, governance concerns, and high unemployment rates have impacted its stability, while externally, it remains sensitive to global market sentiments and fluctuations in commodity prices, notably gold, given South Africa's status as a major producer. Although there have been phases where the Rand demonstrated resilience, its nature as an emerging market currency often subjects it to rapid valuation shifts in response to both local and international events. This characteristic renders the Rand more volatile compared to currencies from more economically stable regions, leading to a general perception of it being less stable, especially when measured against major global currencies like the US Dollar.
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BATW to ZAR Conversion tables
Amount | 05:06 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 BATW | R0.001085 | R-- | 0.00% |
1 BATW | R0.002170 | R-- | 0.00% |
5 BATW | R0.01085 | R-- | 0.00% |
10 BATW | R0.02170 | R-- | 0.00% |
50 BATW | R0.1085 | R-- | 0.00% |
100 BATW | R0.2170 | R-- | 0.00% |
500 BATW | R1.09 | R-- | 0.00% |
1000 BATW | R2.17 | R-- | 0.00% |
BATW to ZAR FAQ
What factors influence the conversion rate of BATW to ZAR?
Popular exchange rates — Crypto-to-Fiat converter
The price of Base Around the World in the US is $0.0001252 USD. Additionally, Base Around the World’s price is €0.0001080 EUR in the eurozone, £0.{4}9376 GBP in the UK, C$0.0001758 CAD in Canada, ₹0.01111 INR in India, ₨0.03547 PKR in Pakistan, R$0.0006846 BRL in Brazil, and more.
The most popular Base Around the World currency pair is the BATW to South African rand(ZAR). The price of 1 Base Around the World (BATW) in South African rand (ZAR) is R0.002170.
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