FAML to ZAR Converter and calculator


Conversion rates
Convert FAML to ZAR
Convert ZAR to FAML
FAML to ZAR chart
FAML to ZAR conversion data: Volatility and price changes of FAML in ZAR
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.0002437 ZAR | 0.0002437 ZAR | 0.0002649 ZAR | 0.0003248 ZAR |
Low | 0.0002424 ZAR | 0.0002194 ZAR | 0.0002194 ZAR | 0.0002036 ZAR |
Average | 0 ZAR | 0 ZAR | 0 ZAR | 0 ZAR |
Volatility | % | % | % | % |
Change | -0.51% | +10.46% | -0.27% | -6.63% |
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Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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FAML information
FAML to ZAR market statistics
Current FAML to ZAR exchange rate
FAML to South African rand is rising this week.More info about FAML on Bitget
South African rand information
About the South African Rand (ZAR)
What Is the South African Rand (ZAR)?
The South African Rand, designated as ZAR and symbolized as R, is the official currency of the Republic of South Africa. It is also recognized in the Common Monetary Area, shared with Lesotho, Namibia, and Eswatini, where it circulates alongside local currencies. The Rand is subdivided into 100 cents.
The South African Rand is issued by the South African Reserve Bank (SARB). The SARB is the central bank of South Africa and is responsible for the production and distribution of banknotes and coins in the country. It oversees the monetary policy and maintains financial stability in South Africa, playing a crucial role in the economy of the nation.
What Is the History of ZAR?
The Rand takes its name from the Witwatersrand, meaning "white waters' ridge" in Afrikaans, which is the location of Johannesburg and a major gold-mining area. Introduced in 1961 when South Africa became a republic, it replaced the South African pound at a rate of 2 Rand to 1 pound.
Notes and Coins of ZAR
South African coins are issued in denominations of 1, 2, 5, 10, 20, and 50 cents, and 1, 2, and 5 Rands. Banknotes are available in 10, 20, 50, 100, and 200 Rand denominations. Since 2012, banknotes have featured Nelson Mandela on the front and the "Big Five" wild animals on the back. Commemorative notes released in 2018 feature Mandela's images.
Exchange Rate History of ZAR
Initially, the Rand was strong, trading at 1.40 USD in its early years. However, due to inflation and international opposition to apartheid, its value declined. By 1985, it traded at 2 Rands per USD and continued to depreciate, reaching over 6 ZAR/USD by 1999 and nearly 14 ZAR/USD by 2001. After recovering to about 6-to-1 against the dollar by 2006, it faced another decline due to a slowdown in the mining industry and global economic factors. In 2016, it reached an all-time low of nearly 18 ZAR/USD.
What Is The Common Monetary Area?
The Common Monetary Area (CMA) is a monetary union in Southern Africa comprising South Africa, Namibia, Lesotho, and Eswatini. It facilitates the free movement of capital and services among these nations, with the South African Rand (ZAR) serving as the primary currency. Within this union, while each member country has its own currency, the Rand is also legal tender and the local currencies are pegged at par with the Rand. This arrangement ensures economic stability and fosters cooperation among the member states. The South African Reserve Bank plays a pivotal role in influencing the monetary policy across the CMA, thereby promoting a higher degree of economic integration and facilitating seamless trade and financial transactions across these national borders.
Is ZAR a Stable Currency?
The South African Rand (ZAR) has historically exhibited a degree of volatility, influenced by a combination of domestic challenges and global economic factors. Internally, issues such as political uncertainty, governance concerns, and high unemployment rates have impacted its stability, while externally, it remains sensitive to global market sentiments and fluctuations in commodity prices, notably gold, given South Africa's status as a major producer. Although there have been phases where the Rand demonstrated resilience, its nature as an emerging market currency often subjects it to rapid valuation shifts in response to both local and international events. This characteristic renders the Rand more volatile compared to currencies from more economically stable regions, leading to a general perception of it being less stable, especially when measured against major global currencies like the US Dollar.
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FAML to ZAR Conversion tables
Amount | 11:28 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 FAML | R0.0001212 | R0.0001218 | -0.51% |
1 FAML | R0.0002424 | R0.0002437 | -0.51% |
5 FAML | R0.001212 | R0.001218 | -0.51% |
10 FAML | R0.002424 | R0.002437 | -0.51% |
50 FAML | R0.01212 | R0.01218 | -0.51% |
100 FAML | R0.02424 | R0.02437 | -0.51% |
500 FAML | R0.1212 | R0.1218 | -0.51% |
1000 FAML | R0.2424 | R0.2437 | -0.51% |
FAML to ZAR FAQ
What factors influence the conversion rate of FAML to ZAR?
Popular exchange rates — Crypto-to-Fiat converter
The price of FAML in the US is $0.{4}1397 USD. Additionally, FAML’s price is €0.{4}1187 EUR in the eurozone, £0.{4}1034 GBP in the UK, C$0.{4}1929 CAD in Canada, ₹0.001231 INR in India, ₨0.003952 PKR in Pakistan, R$0.{4}7424 BRL in Brazil, and more.
The most popular FAML currency pair is the FAML to South African rand(ZAR). The price of 1 FAML (FAML) in South African rand (ZAR) is R0.0002424.
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