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base info Solareum

Solareum to South African Rand Converter and calculator

Convert 1Solareum (SRM) to South African Rand (ZAR) equals R 0.6015 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Solareum(SRM) to South African Rand(ZAR). This is the real-time data. The current conversion shows 1 SRM at a value of 1 SRM for 0.60 ZAR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

ZAR 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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Bitget crypto-to-fiat exchange data shows that the most popular Solareum currency pair is the SRM to ZAR, with for Solareum's currency code being SRM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ZAR.

SRM to ZAR conversion rate trend

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In the past 1D, Solareum has changed +2.19% to ZAR. Based on the trend and price charts, Solareum(SRM) has changed +2.19% to ZAR while South African Rand(ZAR) has changed % to SRM in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
R0.6341
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/11/16 16:33:06(UTC+0)

How to buy Solareum

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Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Solareum (SRM)
Use a variety of payment options to buy Solareum on Bitget. We'll show you how.

Buy SRM (or USDT) for ZAR (South African Rand) offers

Bitget P2P trading does not currently support direct buying of SRM with ZAR. However, you can buy USDT in Bitget P2P trading first, and then buy SRM with USDT via Bitget spot market.
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Low to high
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Sell SRM (or USDT) for ZAR (South African Rand) offers

Bitget P2P trading currently does not support direct selling of SRM to ZAR. However, you can first exchange SRM for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of Solareum to South African Rand?

Solareum to South African Rand is falling this week.
Solareum's current market price is R 0.6015 per SRM, with a total market cap of R 0 ZAR based on a circulating supply of -- SRM. The trading volume of Solareum has changed by +594.30% (R 319,806.46 ZAR) in the last 24 hours. Last trading day, SRM's trading volume was R 53,811.93.
Market cap
$0
24h volume
$20.52K
Circulating supply
0 SRM

Conversion tables

The exchange rate of Solareum is decreasing.
1 SRM is currently valued at R 0.6015 ZAR , which means buying 5 SRM will cost R 3.01 ZAR . Similarly, R1 ZAR can be traded for 1.66 SRM, and R50 ZAR can be converted to 83.13 SRM, excluding any platform or gas fees.
The exchange rate of 1 SRM to South African Rand has changed by -12.18% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.19%, reaching a high of 0.6508 ZAR and a low of 0.5886 ZAR . One month ago, the value of 1 SRM was R 0.6945 ZAR , which represents a -13.39% change from its current value. Over the last year, Solareum has changed by
-R
0.3768ZAR
, resulting in a change of -38.52% in its value.

SRM to ZAR

Amount
22:32 today
0.5 SRM
R0.3007
1 SRM
R0.6015
5 SRM
R3.01
10 SRM
R6.01
50 SRM
R30.07
100 SRM
R60.15
500 SRM
R300.75
1000 SRM
R601.5

ZAR to SRM

Amount22:32 today
0.5ZAR0.8313  SRM
1ZAR1.66  SRM
5ZAR8.31  SRM
10ZAR16.63  SRM
50ZAR83.13  SRM
100ZAR166.25  SRM
500ZAR831.26  SRM
1000ZAR1,662.52  SRM

Today vs. 24 hours ago

Amount22:32 today24 hours ago24h change
0.5 SRM$0.01652$0.01617
+2.19%
1 SRM$0.03304$0.03234
+2.19%
5 SRM$0.1652$0.1617
+2.19%
10 SRM$0.3304$0.3234
+2.19%
50 SRM$1.65$1.62
+2.19%
100 SRM$3.3$3.23
+2.19%
500 SRM$16.52$16.17
+2.19%
1000 SRM$33.04$32.34
+2.19%

Today vs. 1 month ago

Amount22:32 today1 month ago1M change
0.5 SRM$0.01652$0.01908
-13.39%
1 SRM$0.03304$0.03815
-13.39%
5 SRM$0.1652$0.1908
-13.39%
10 SRM$0.3304$0.3815
-13.39%
50 SRM$1.65$1.91
-13.39%
100 SRM$3.3$3.82
-13.39%
500 SRM$16.52$19.08
-13.39%
1000 SRM$33.04$38.15
-13.39%

Today vs. 1 year ago

Amount22:32 today1 year ago1Y change
0.5 SRM$0.01652$0.02687
-38.52%
1 SRM$0.03304$0.05374
-38.52%
5 SRM$0.1652$0.2687
-38.52%
10 SRM$0.3304$0.5374
-38.52%
50 SRM$1.65$2.69
-38.52%
100 SRM$3.3$5.37
-38.52%
500 SRM$16.52$26.87
-38.52%
1000 SRM$33.04$53.74
-38.52%

Solareum price prediction

What will the price of SRM be in 2025?

Based on SRM's historical price performance prediction model, the price of SRM is projected to reach $0.05317 in 2025.

What will the price of SRM be in 2030?

In 2030, the SRM price is expected to change by -15.00%. By the end of 2030, the SRM price is projected to reach $0.08794, with a cumulative ROI of +146.89%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Solareum and ZAR.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Solareum and ZAR. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Solareum in ZAR, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.