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base info Cronos

Cronos to South African Rand Converter and calculator

Convert 1Cronos (CRO) to South African Rand (ZAR) equals R 2.47 | Bitget

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 Cronos currency pair is the CRO to ZAR, with for Cronos's currency code being CRO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ZAR.

CRO to ZAR conversion rate trend

1D7D1M3M1YAll
In the past 1D, Cronos has changed +2.07% to ZAR. Based on the trend and price charts, Cronos(CRO) has changed +2.07% to ZAR while South African Rand(ZAR) has changed % to CRO in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
R2.47
0.0001% / 0.0004%vip-iconVIP
Coinbase Exchange
R2.48
0.1000% / 0.1000%
Yes
OKX
R2.47
0.080% / 0.100%
Yes
Gate.io
R2.47
0.1000% / 0.1000%
Yes
KuCoin
R2.46
0.1000% / 0.1000%
Yes
Last updated 2024/04/15 15:00:25(UTC+0)

What factors influence the conversion rate of Cronos to South African Rand?

Cronos to South African Rand is falling this week.
Cronos's current market price is R 2.47 per CRO, with a total market cap of R 65,651,294,341.42 ZAR based on a circulating supply of 26,571,560,000 CRO. The trading volume of Cronos has changed by -42.44% (R -392,021,157.89 ZAR) in the last 24 hours. Last trading day, CRO's trading volume was R 923,732,899.81.
Market cap
$3.46B
24h volume
$28.04M
Circulating supply
26.57B CRO

Conversion tables

The exchange rate of Cronos is decreasing.
1 CRO is currently valued at R 2.47 ZAR , which means buying 5 CRO will cost R 12.35 ZAR . Similarly, R1 ZAR can be traded for 0.4047 CRO, and R50 ZAR can be converted to 20.24 CRO, excluding any platform or gas fees.
The exchange rate of 1 CRO to South African Rand has changed by -13.46% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.07%, reaching a high of 2.63 ZAR and a low of 2.32 ZAR . One month ago, the value of 1 CRO was R 2.67 ZAR , which represents a -7.41% change from its current value. Over the last year, Cronos has changed by
+R
1.09ZAR
, resulting in a change of +79.87% in its value.

CRO to ZAR

Amount
15:38 today
0.5 CRO
R1.24
1 CRO
R2.47
5 CRO
R12.35
10 CRO
R24.71
50 CRO
R123.54
100 CRO
R247.07
500 CRO
R1,235.37
1000 CRO
R2,470.74

ZAR to CRO

Amount15:38 today
0.5ZAR0.2024  CRO
1ZAR0.4047  CRO
5ZAR2.02  CRO
10ZAR4.05  CRO
50ZAR20.24  CRO
100ZAR40.47  CRO
500ZAR202.37  CRO
1000ZAR404.74  CRO
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Today vs. 24 hours ago

Amount15:38 today24 hours ago24h change
0.5 CRO$0.06516$0.06384
+2.07%
1 CRO$0.1303$0.1277
+2.07%
5 CRO$0.6516$0.6384
+2.07%
10 CRO$1.3$1.28
+2.07%
50 CRO$6.52$6.38
+2.07%
100 CRO$13.03$12.77
+2.07%
500 CRO$65.16$63.84
+2.07%
1000 CRO$130.31$127.68
+2.07%

Today vs. 1 month ago

Amount15:38 today1 month ago1M change
0.5 CRO$0.06516$0.07036
-7.41%
1 CRO$0.1303$0.1407
-7.41%
5 CRO$0.6516$0.7036
-7.41%
10 CRO$1.3$1.41
-7.41%
50 CRO$6.52$7.04
-7.41%
100 CRO$13.03$14.07
-7.41%
500 CRO$65.16$70.36
-7.41%
1000 CRO$130.31$140.72
-7.41%

Today vs. 1 year ago

Amount15:38 today1 year ago1Y change
0.5 CRO$0.06516$0.03629
+79.87%
1 CRO$0.1303$0.07257
+79.87%
5 CRO$0.6516$0.3629
+79.87%
10 CRO$1.3$0.7257
+79.87%
50 CRO$6.52$3.63
+79.87%
100 CRO$13.03$7.26
+79.87%
500 CRO$65.16$36.29
+79.87%
1000 CRO$130.31$72.57
+79.87%

FAQ

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