LTC/ZAR: what to know
The LTC/ZAR rate shows how much ZAR you get for 1 LTC. Right now, 1 LTC buys 881.0419 ZAR at the mid-market rate. In the other direction, 1 ZAR is worth 0.00113502 LTC.
In the short term LTC is driven mainly by crypto-market sentiment, while ZAR responds to commodity prices and risk appetite.
Litecoin was created in 2011 as the “silver to Bitcoin’s gold”. The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered.
Over the past 12 months the LTC/ZAR rate has ranged between 674.5783 and 2,168.06 — a change of -57.63% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.