ZAR/ETH: what to know
The ZAR/ETH rate shows how much ETH you get for 1 ZAR. Right now, 1 ZAR buys 0.0000247062 ETH at the mid-market rate. In the other direction, 1 ETH is worth 40,475.65 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while ETH responds to network activity and 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. Ethereum popularised programmable “smart contracts”.
Over the past 12 months the ZAR/ETH rate has ranged between 0.0000123997 and 0.0000388816 — a change of +102.19% 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.