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MAG to ZAR Converter and calculator

MAG/ZAR: 1 MAG = 0.004182 ZAR. The price of converting 1 Magnetix (MAG) to South African rand (ZAR) is 0.004182 ZAR today.
MAG
MAG
ZAR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MAG to ZAR real-time exchange rates, making it easy to convert Magnetix (MAG) to South African rand (ZAR). The conversion result is based on real-time data. The conversion result shows that 1 MAG is currently valued at 0.004182 ZAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MAG is currently valued at 0.004182 ZAR, which means buying 5 MAG would cost 0.02091 ZAR. Similarly, R1 ZAR can be converted to 239.13 MAG, and R50 ZAR can be converted to 1,195.64 MAG, excluding any platform or gas fees.

Convert MAG to ZAR

Convert ZAR to MAG

Magnetix
South African rand
1 MAG
0.004182  ZAR
Exchange 1 MAG for 0.004182 ZAR
2 MAG
0.008364  ZAR
Exchange 2 MAG for 0.008364 ZAR
5 MAG
0.02091  ZAR
Exchange 5 MAG for 0.02091 ZAR
10 MAG
0.04182  ZAR
Exchange 10 MAG for 0.04182 ZAR
20 MAG
0.08364  ZAR
Exchange 20 MAG for 0.08364 ZAR
50 MAG
0.2091  ZAR
Exchange 50 MAG for 0.2091 ZAR
100 MAG
0.4182  ZAR
Exchange 100 MAG for 0.4182 ZAR
200 MAG
0.8364  ZAR
Exchange 200 MAG for 0.8364 ZAR
500 MAG
2.09  ZAR
Exchange 500 MAG for 2.09 ZAR
1000 MAG
4.18  ZAR
Exchange 1000 MAG for 4.18 ZAR
5000 MAG
20.91  ZAR
Exchange 5000 MAG for 20.91 ZAR
10000 MAG
41.82  ZAR
Exchange 10000 MAG for 41.82 ZAR
In the table above, you'll find a comprehensive MAG to ZAR converter that shows the value of Magnetix in South African rand across commonly used conversion amounts. The list covers conversions from 1 MAG to ZAR, all the way up to 10000 MAG, providing a clear view of their respective values.
South African rand
Magnetix
1 ZAR
239.13 MAG
Exchange 1 ZAR for 239.13 MAG
10 ZAR
2,391.28 MAG
Exchange 10 ZAR for 2,391.28 MAG
50 ZAR
11,956.42 MAG
Exchange 50 ZAR for 11,956.42 MAG
100 ZAR
23,912.84 MAG
Exchange 100 ZAR for 23,912.84 MAG
200 ZAR
47,825.68 MAG
Exchange 200 ZAR for 47,825.68 MAG
500 ZAR
119,564.2 MAG
Exchange 500 ZAR for 119,564.2 MAG
1000 ZAR
239,128.4 MAG
Exchange 1000 ZAR for 239,128.4 MAG
2000 ZAR
478,256.8 MAG
Exchange 2000 ZAR for 478,256.8 MAG
5000 ZAR
1,195,642 MAG
Exchange 5000 ZAR for 1,195,642 MAG
10000 ZAR
2,391,284 MAG
Exchange 10000 ZAR for 2,391,284 MAG
50000 ZAR
11,956,420 MAG
Exchange 50000 ZAR for 11,956,420 MAG
100000 ZAR
23,912,839.99 MAG
Exchange 100000 ZAR for 23,912,839.99 MAG
In the table above, you'll find a comprehensive ZAR to MAG converter that shows the value of South African rand in Magnetix across commonly used conversion amounts. The list covers conversions from 1 ZAR to MAG, all the way up to 100000 ZAR, providing a clear view of their respective values.

MAG to ZAR chart

MAG/ZAR: 1 MAG = 0.004182 ZAR; 2025/09/21 20:47:40
In the past 1D, Magnetix has changed -1.06% to ZAR. Based on the trend and price charts, Magnetix(MAG) has changed -1.06% to ZAR while South African rand(ZAR) has changed % to MAG in the last 24 hours.
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MAG to ZAR conversion data: Volatility and price changes of Magnetix in ZAR

The highest Magnetix price in ZAR over the past 7 days was 0.004364 ZAR while the lowest Magnetix price in ZAR over the past 7 days was 0.004074 ZAR. The relative change between the highs and lows in Magnetix price in ZAR over the last 7 days indicates a volatility of %. You can view additional volatility data and MAG 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
0.004229 ZAR
0.004364 ZAR
0.004369 ZAR
0.009534 ZAR
Low
0.004182 ZAR
0.004074 ZAR
0.003588 ZAR
0.003482 ZAR
Average
0 ZAR
0 ZAR
0 ZAR
0 ZAR
Volatility
%
%
%
%
Change
-1.06%
-1.71%
+9.01%
-28.22%

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Bitget P2P trading does not currently support direct buying of MAG with ZAR. However, you can buy USDT in Bitget P2P trading first, and then buy MAG with USDT via Bitget spot market.
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Magnetix information

MAG to ZAR market statistics

MAG/ZAR:
R0.004182
MAG 24h volume:
--
MAG market cap:
--
MAG circulating supply:
0 MAG

Current MAG to ZAR exchange rate

Magnetix to South African rand is falling this week.
Magnetix's current market price is R0.004182 per MAG, with a total market cap of R0 ZAR based on a circulating supply of -- MAG. The trading volume of Magnetix has changed by 0.00% (R0 ZAR) in the last 24 hours. Last trading day, MAG's trading volume was R0.

More info about Magnetix 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 Magnetix currency pair is the MAG to ZAR, with for Magnetix's currency code being MAG. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ZAR.

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MAG to ZAR Conversion tables

The exchange rate of Magnetix is increasing.
The exchange rate of 1 MAG to South African rand has changed by -1.71% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.06%, reaching a high of 0.004229 ZAR and a low of 0.004182 ZAR . One month ago, the value of 1 MAG was R0.003836 ZAR , which represents a +9.01% change from its current value. Over the last year, Magnetix has changed by
+R
0.004182ZAR
, resulting in a change of -18.14% in its value.
24 hours ago1 month ago1 year ago
Amount 20:47 today 24 hours ago 24h change
0.5 MAG
R0.002091R0.002113
-1.06%
1 MAG
R0.004182R0.004227
-1.06%
5 MAG
R0.02091R0.02113
-1.06%
10 MAG
R0.04182R0.04227
-1.06%
50 MAG
R0.2091R0.2113
-1.06%
100 MAG
R0.4182R0.4227
-1.06%
500 MAG
R2.09R2.11
-1.06%
1000 MAG
R4.18R4.23
-1.06%

MAG to ZAR FAQ

How much is 1 Magnetix in ZAR?
Right now, the price of 1 Magnetix (MAG) in South African rand (ZAR) is R0.004182.
How much MAG can I buy for 1 ZAR?
Based on the current exchange rate, you can get 239.13 MAG for 1 ZAR.
How do I calculate or convert MAG to ZAR?
You can use our MAG to ZAR calculator at the top of this page to convert any amount of MAG to ZAR. We've also included quick-reference tables for the most popular conversions. For example, 5 ZAR is equivalent to 1,195.64 MAG, while 5 MAG will cost around 0.02091ZAR.
What is the highest price of MAG/ZAR in history?
The all-time high price of 1 MAG in ZAR is R0.6216. It remains to be seen if the value of 1 MAG/ZAR will exceed the current all-time high.
What is the price trend of Magnetix in ZAR?
Over the past 7 days, the exchange rate of Magnetix (MAG) has gone down by 1.71%.   Over the last month, the exchange rate of Magnetix (MAG) has gone up by 9.01% against South African rand (ZAR).

What factors influence the conversion rate of MAG to ZAR?

There are many factors that affect the relationship between Magnetix 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 MAG/ZAR. When there is positive news in the market about the widespread adoption of MAG or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MAG/ZAR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MAG/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 MAG/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 Magnetix 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 Magnetix currency pairs: MAG to US Dollar (USD), MAG to Euro (EUR), MAG to Pound Sterling (GBP), MAG to Canadian Dollar (CAD), MAG to Indian Rupee (INR), MAG to Pakistani Rupee (PKR), MAG to Brazilian Real (BRL), MAG to…
The price of Magnetix in the US is $0.0002412 USD. Additionally, Magnetix’s price is €0.0002053 EUR in the eurozone, £0.0001790 GBP in the UK, C$0.0003325 CAD in Canada, ₹0.02125 INR in India, ₨0.06848 PKR in Pakistan, R$0.001284 BRL in Brazil, and more.
The most popular Magnetix currency pair is the MAG to South African rand(ZAR). The price of 1 Magnetix (MAG) in South African rand (ZAR) is R0.004182.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.