ZAR/BCH: what to know
The ZAR/BCH rate shows how much BCH you get for 1 ZAR. Right now, 1 ZAR buys 0.000276397 BCH at the mid-market rate. In the other direction, 1 BCH is worth 3,617.99 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while BCH responds to crypto-market sentiment.
The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered. Bitcoin Cash split from Bitcoin in 2017 to enable cheaper, faster transactions.
Over the past 12 months the ZAR/BCH rate has ranged between 0.0000921246 and 0.000318180 — a change of +187.08% 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.