ZAR/XRP: what to know
The ZAR/XRP rate shows how much XRP you get for 1 ZAR. Right now, 1 ZAR buys 0.0462 XRP at the mid-market rate. In the other direction, 1 XRP is worth 21.6659 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while XRP responds to crypto-market sentiment and regulation.
The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered. XRP is designed for fast, low-cost payments and cross-border settlement.
Over the past 12 months the ZAR/XRP rate has ranged between 0.0187 and 0.0622 — a change of +142.89% 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.