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base info Kaspa

Kaspa to South African Rand Converter and calculator

Convert 1Kaspa (KAS) to South African Rand (ZAR) equals R 2.31 | 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 Kaspa(KAS) to South African Rand(ZAR). This is the real-time data. The current conversion shows 1 KAS at a value of 1 KAS for 2.31 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 Kaspa currency pair is the KAS to ZAR, with for Kaspa's currency code being KAS. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ZAR.

KAS to ZAR conversion rate trend

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In the past 1D, Kaspa has changed +3.71% to ZAR. Based on the trend and price charts, Kaspa(KAS) has changed +3.71% to ZAR while South African Rand(ZAR) has changed % to KAS in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
R2.31
0.0001% / 0.0004%vip-iconVIP
Gate.io
R2.32
0.1000% / 0.1000%
Yes
Bybit
R2.32
0.1000% / 0.1000%
Yes
KuCoin
R2.32
0.1000% / 0.1000%
Yes
Last updated 2024/04/20 18:00:32(UTC+0)

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

Kaspa to South African Rand is falling this week.
Kaspa's current market price is R 2.31 per KAS, with a total market cap of R 53,944,899,726.78 ZAR based on a circulating supply of 23,395,195,000 KAS. The trading volume of Kaspa has changed by -22.09% (R -235,712,881.29 ZAR) in the last 24 hours. Last trading day, KAS's trading volume was R 1,066,984,502.16.
Market cap
$2.80B
24h volume
$43.08M
Circulating supply
23.40B KAS

Conversion tables

The exchange rate of Kaspa is decreasing.
1 KAS is currently valued at R 2.31 ZAR , which means buying 5 KAS will cost R 11.53 ZAR . Similarly, R1 ZAR can be traded for 0.4337 KAS, and R50 ZAR can be converted to 21.68 KAS, excluding any platform or gas fees.
The exchange rate of 1 KAS to South African Rand has changed by -0.09% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.71%, reaching a high of 2.35 ZAR and a low of 2.16 ZAR . One month ago, the value of 1 KAS was R 2.83 ZAR , which represents a -18.65% change from its current value. Over the last year, Kaspa has changed by
+R
1.81ZAR
, resulting in a change of +360.40% in its value.

KAS to ZAR

Amount
18:58 today
0.5 KAS
R1.15
1 KAS
R2.31
5 KAS
R11.53
10 KAS
R23.06
50 KAS
R115.29
100 KAS
R230.58
500 KAS
R1,152.91
1000 KAS
R2,305.81

ZAR to KAS

Amount18:58 today
0.5ZAR0.2168  KAS
1ZAR0.4337  KAS
5ZAR2.17  KAS
10ZAR4.34  KAS
50ZAR21.68  KAS
100ZAR43.37  KAS
500ZAR216.84  KAS
1000ZAR433.69  KAS
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Today vs. 24 hours ago

Amount18:58 today24 hours ago24h change
0.5 KAS$0.05975$0.05761
+3.71%
1 KAS$0.1195$0.1152
+3.71%
5 KAS$0.5975$0.5761
+3.71%
10 KAS$1.2$1.15
+3.71%
50 KAS$5.98$5.76
+3.71%
100 KAS$11.95$11.52
+3.71%
500 KAS$59.75$57.61
+3.71%
1000 KAS$119.5$115.23
+3.71%

Today vs. 1 month ago

Amount18:58 today1 month ago1M change
0.5 KAS$0.05975$0.07345
-18.65%
1 KAS$0.1195$0.1469
-18.65%
5 KAS$0.5975$0.7345
-18.65%
10 KAS$1.2$1.47
-18.65%
50 KAS$5.98$7.34
-18.65%
100 KAS$11.95$14.69
-18.65%
500 KAS$59.75$73.45
-18.65%
1000 KAS$119.5$146.89
-18.65%

Today vs. 1 year ago

Amount18:58 today1 year ago1Y change
0.5 KAS$0.05975$0.01298
+360.40%
1 KAS$0.1195$0.02595
+360.40%
5 KAS$0.5975$0.1298
+360.40%
10 KAS$1.2$0.2595
+360.40%
50 KAS$5.98$1.3
+360.40%
100 KAS$11.95$2.6
+360.40%
500 KAS$59.75$12.98
+360.40%
1000 KAS$119.5$25.95
+360.40%

FAQ

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