ZAR/LTC: what to know
The ZAR/LTC rate shows how much LTC you get for 1 ZAR. Right now, 1 ZAR buys 0.00113502 LTC at the mid-market rate. In the other direction, 1 LTC is worth 881.0419 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while LTC 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. Litecoin was created in 2011 as the “silver to Bitcoin’s gold”.
Over the past 12 months the ZAR/LTC rate has ranged between 0.000461242 and 0.00148241 — a change of +136.02% 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.