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MIM to ZAR Converter and calculator

MIM/ZAR: 1 MIM = 0.0009962 ZAR. The price of converting 1 Magic Internet Money (MIM) to South African rand (ZAR) is 0.0009962 ZAR today.
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MIM
ZAR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MIM to ZAR real-time exchange rates, making it easy to convert Magic Internet Money (MIM) to South African rand (ZAR). The conversion result is based on real-time data. The conversion result shows that 1 MIM is currently valued at 0.0009962 ZAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MIM is currently valued at 0.0009962 ZAR, which means buying 5 MIM would cost 0.004981 ZAR. Similarly, R1 ZAR can be converted to 1,003.78 MIM, and R50 ZAR can be converted to 5,018.9 MIM, excluding any platform or gas fees.

Convert MIM to ZAR

Convert ZAR to MIM

Magic Internet Money
South African rand
1 MIM
0.0009962  ZAR
Exchange 1 MIM for 0.0009962 ZAR
2 MIM
0.001992  ZAR
Exchange 2 MIM for 0.001992 ZAR
5 MIM
0.004981  ZAR
Exchange 5 MIM for 0.004981 ZAR
10 MIM
0.009962  ZAR
Exchange 10 MIM for 0.009962 ZAR
20 MIM
0.01992  ZAR
Exchange 20 MIM for 0.01992 ZAR
50 MIM
0.04981  ZAR
Exchange 50 MIM for 0.04981 ZAR
100 MIM
0.09962  ZAR
Exchange 100 MIM for 0.09962 ZAR
200 MIM
0.1992  ZAR
Exchange 200 MIM for 0.1992 ZAR
500 MIM
0.4981  ZAR
Exchange 500 MIM for 0.4981 ZAR
1000 MIM
0.9962  ZAR
Exchange 1000 MIM for 0.9962 ZAR
5000 MIM
4.98  ZAR
Exchange 5000 MIM for 4.98 ZAR
10000 MIM
9.96  ZAR
Exchange 10000 MIM for 9.96 ZAR
In the table above, you'll find a comprehensive MIM to ZAR converter that shows the value of Magic Internet Money in South African rand across commonly used conversion amounts. The list covers conversions from 1 MIM to ZAR, all the way up to 10000 MIM, providing a clear view of their respective values.
South African rand
Magic Internet Money
1 ZAR
1,003.78 MIM
Exchange 1 ZAR for 1,003.78 MIM
10 ZAR
10,037.79 MIM
Exchange 10 ZAR for 10,037.79 MIM
50 ZAR
50,188.96 MIM
Exchange 50 ZAR for 50,188.96 MIM
100 ZAR
100,377.92 MIM
Exchange 100 ZAR for 100,377.92 MIM
200 ZAR
200,755.84 MIM
Exchange 200 ZAR for 200,755.84 MIM
500 ZAR
501,889.59 MIM
Exchange 500 ZAR for 501,889.59 MIM
1000 ZAR
1,003,779.18 MIM
Exchange 1000 ZAR for 1,003,779.18 MIM
2000 ZAR
2,007,558.37 MIM
Exchange 2000 ZAR for 2,007,558.37 MIM
5000 ZAR
5,018,895.92 MIM
Exchange 5000 ZAR for 5,018,895.92 MIM
10000 ZAR
10,037,791.85 MIM
Exchange 10000 ZAR for 10,037,791.85 MIM
50000 ZAR
50,188,959.25 MIM
Exchange 50000 ZAR for 50,188,959.25 MIM
100000 ZAR
100,377,918.5 MIM
Exchange 100000 ZAR for 100,377,918.5 MIM
In the table above, you'll find a comprehensive ZAR to MIM converter that shows the value of South African rand in Magic Internet Money across commonly used conversion amounts. The list covers conversions from 1 ZAR to MIM, all the way up to 100000 ZAR, providing a clear view of their respective values.

MIM to ZAR chart

MIM/ZAR: 1 MIM = 0.0009962 ZAR; 2025/11/12 22:33:49
In the past 1D, Magic Internet Money has changed -2.90% to ZAR. Based on the trend and price charts, Magic Internet Money(MIM) has changed -2.90% to ZAR while South African rand(ZAR) has changed % to MIM in the last 24 hours.
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MIM to ZAR conversion data: Volatility and price changes of Magic Internet Money in ZAR

The highest Magic Internet Money price in ZAR over the past 7 days was 0.001151 ZAR while the lowest Magic Internet Money price in ZAR over the past 7 days was 0.0008580 ZAR. The relative change between the highs and lows in Magic Internet Money price in ZAR over the last 7 days indicates a volatility of %. You can view additional volatility data and MIM to ZAR prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours Last 7 days Last 30 days Last 90 days
High
0.001033 ZAR
0.001151 ZAR
0.001325 ZAR
0.002379 ZAR
Low
0.0009901 ZAR
0.0008580 ZAR
0.0008105 ZAR
0.0008105 ZAR
Average
0 ZAR
0 ZAR
0 ZAR
0 ZAR
Volatility
%
%
%
%
Change
-2.90%
+14.82%
-17.47%
-55.92%

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Buy MIM (or USDT) for ZAR (South African Rand) offers
Bitget P2P trading does not currently support direct buying of MIM with ZAR. However, you can buy USDT in Bitget P2P trading first, and then buy MIM with USDT via Bitget spot market.
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Magic Internet Money information

MIM to ZAR market statistics

MIM/ZAR:
R0.0009962
MIM 24h volume:
--
MIM market cap:
--
MIM circulating supply:
0 MIM

Current MIM to ZAR exchange rate

Magic Internet Money to South African rand is rising this week.
Magic Internet Money's current market price is R0.0009962 per MIM, with a total market cap of R0 ZAR based on a circulating supply of -- MIM. The trading volume of Magic Internet Money has changed by -100.00% (R-- ZAR) in the last 24 hours. Last trading day, MIM's trading volume was R--.

More info about Magic Internet Money 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.

Bitget crypto-to-fiat exchange data shows that the most popular Magic Internet Money currency pair is the MIM to ZAR, with for Magic Internet Money's currency code being MIM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ZAR.

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How to convert MIM to ZAR

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MIM to ZAR Conversion tables

The exchange rate of Magic Internet Money is decreasing.
The exchange rate of 1 MIM to South African rand has changed by +14.82% in the last 7 days. In the last 24 hours, the rate has fluctuated by -2.90%, reaching a high of 0.001033 ZAR and a low of 0.0009901 ZAR . One month ago, the value of 1 MIM was R0.001207 ZAR , which represents a -17.47% change from its current value. Over the last year, Magic Internet Money has changed by
-R
0.02314ZAR
, resulting in a change of -95.87% in its value.
24 hours ago1 month ago1 year ago
Amount 22:33 today 24 hours ago 24h change
0.5 MIM
R0.0004981R0.0005130
-2.90%
1 MIM
R0.0009962R0.001026
-2.90%
5 MIM
R0.004981R0.005130
-2.90%
10 MIM
R0.009962R0.01026
-2.90%
50 MIM
R0.04981R0.05130
-2.90%
100 MIM
R0.09962R0.1026
-2.90%
500 MIM
R0.4981R0.5130
-2.90%
1000 MIM
R0.9962R1.03
-2.90%

MIM to ZAR FAQ

How much is 1 Magic Internet Money in ZAR?
Right now, the price of 1 Magic Internet Money (MIM) in South African rand (ZAR) is R0.0009962.
How much MIM can I buy for 1 ZAR?
Based on the current exchange rate, you can get 1,003.78 MIM for 1 ZAR.
How do I calculate or convert MIM to ZAR?
You can use our MIM to ZAR calculator at the top of this page to convert any amount of MIM to ZAR. We've also included quick-reference tables for the most popular conversions. For example, 5 ZAR is equivalent to 5,018.9 MIM, while 5 MIM will cost around 0.004981ZAR.
What is the highest price of MIM/ZAR in history?
The all-time high price of 1 MIM in ZAR is R0.1491. It remains to be seen if the value of 1 MIM/ZAR will exceed the current all-time high.
What is the price trend of Magic Internet Money in ZAR?
Over the past 7 days, the exchange rate of Magic Internet Money (MIM) has gone up by 14.82%.   Over the last month, the exchange rate of Magic Internet Money (MIM) has gone down by 17.47% against South African rand (ZAR).

What factors influence the conversion rate of MIM to ZAR?

There are many factors that affect the relationship between Magic Internet Money and South African rand, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of MIM/ZAR. When there is positive news in the market about the widespread adoption of MIM or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MIM/ZAR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MIM/ZAR.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of MIM/ZAR. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Magic Internet Money and adjust their investment strategies accordingly in the evolving market.

Popular exchange rates — Crypto-to-Fiat converter

Bitget crypto-to-fiat exchange data shows the popular Magic Internet Money currency pairs: MIM to US Dollar (USD), MIM to Euro (EUR), MIM to Pound Sterling (GBP), MIM to Canadian Dollar (CAD), MIM to Indian Rupee (INR), MIM to Pakistani Rupee (PKR), MIM to Brazilian Real (BRL), MIM to…
The price of Magic Internet Money in the US is $0.{4}5829 USD. Additionally, Magic Internet Money’s price is €0.{4}5030 EUR in the eurozone, £0.{4}4438 GBP in the UK, C$0.{4}8159 CAD in Canada, ₹0.005164 INR in India, ₨0.01648 PKR in Pakistan, R$0.0003086 BRL in Brazil, and more.
The most popular Magic Internet Money currency pair is the MIM to South African rand(ZAR). The price of 1 Magic Internet Money (MIM) in South African rand (ZAR) is R0.0009962.

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