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COINYE to ZAR Converter and calculator

COINYE/ZAR: 1 COINYE = 0.008274 ZAR. The price of converting 1 Coinye West (COINYE) to South African rand (ZAR) is 0.008274 ZAR today.
COINYE
COINYE
ZAR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides COINYE to ZAR real-time exchange rates, making it easy to convert Coinye West (COINYE) to South African rand (ZAR). The conversion result is based on real-time data. The conversion result shows that 1 COINYE is currently valued at 0.01 ZAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 COINYE is currently valued at 0.01 ZAR, which means buying 5 COINYE would cost 0.04 ZAR. Similarly, R1 ZAR can be converted to 120.86 COINYE, and R50 ZAR can be converted to 604.31 COINYE, excluding any platform or gas fees.

Convert COINYE to ZAR

Convert ZAR to COINYE

Coinye West
South African rand
1 COINYE
0.008274  ZAR
2 COINYE
0.01655  ZAR
5 COINYE
0.04137  ZAR
10 COINYE
0.08274  ZAR
20 COINYE
0.1655  ZAR
50 COINYE
0.4137  ZAR
100 COINYE
0.8274  ZAR
1000 COINYE
8.27  ZAR
5000 COINYE
41.37  ZAR
10000 COINYE
82.74  ZAR
In the table above, you'll find a comprehensive COINYE to ZAR converter that shows the value of Coinye West in South African rand across commonly used conversion amounts. The list covers conversions from 1 COINYE to ZAR, all the way up to 10000 COINYE, providing a clear view of their respective values.
South African rand
Coinye West
100 ZAR
12,086.25 COINYE
200 ZAR
24,172.49 COINYE
500 ZAR
60,431.24 COINYE
1000 ZAR
120,862.47 COINYE
2000 ZAR
241,724.95 COINYE
5000 ZAR
604,312.36 COINYE
10000 ZAR
1,208,624.73 COINYE
50000 ZAR
6,043,123.64 COINYE
100000 ZAR
12,086,247.27 COINYE
In the table above, you'll find a comprehensive ZAR to COINYE converter that shows the value of South African rand in Coinye West across commonly used conversion amounts. The list covers conversions from 1 ZAR to COINYE, all the way up to 100000 ZAR, providing a clear view of their respective values.

COINYE to ZAR chart

COINYE/ZAR: 1 COINYE = 0.008274 ZAR; 2025/05/06 06:46:12
In the past 1D, Coinye West has changed -1.88% to ZAR. Based on the trend and price charts, Coinye West(COINYE) has changed -1.88% to ZAR while South African rand(ZAR) has changed % to COINYE in the last 24 hours.
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COINYE to ZAR conversion data: Volatility and price changes of Coinye West in ZAR

The highest Coinye West price in ZAR over the past 7 days was 0.009161 ZAR while the lowest Coinye West price in ZAR over the past 7 days was 0.007721 ZAR. The relative change between the highs and lows in Coinye West price in ZAR over the last 7 days indicates a volatility of %. You can view additional volatility data and COINYE to ZAR prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.008658 ZAR
0.009161 ZAR
0.009161 ZAR
0.1038 ZAR
Low
0.008219 ZAR
0.007721 ZAR
0.005116 ZAR
0.005116 ZAR
Average
0 ZAR
0 ZAR
0 ZAR
0 ZAR
Volatility
%
%
%
%
Change
-1.88%
+6.21%
+1.47%
-68.04%

Coinye West information

COINYE to ZAR market statistics

COINYE/ZAR:
R0.008274
COINYE 24h volume:
R24,065.74
COINYE market cap:
R6,629,391.88
COINYE circulating supply:
801.24M COINYE

Current COINYE to ZAR exchange rate

Coinye West to South African rand is rising this week.
Coinye West's current market price is R0.008274 per COINYE, with a total market cap of R6,629,391.88 ZAR based on a circulating supply of 801,244,740 COINYE. The trading volume of Coinye West has changed by -72.30% (R-62,799.14 ZAR) in the last 24 hours. Last trading day, COINYE's trading volume was R86,864.89.

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

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How to convert COINYE to ZAR

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Buy COINYE (or USDT) for ZAR (South African Rand) offers
Bitget P2P trading does not currently support direct buying of COINYE with ZAR. However, you can buy USDT in Bitget P2P trading first, and then buy COINYE with USDT via Bitget spot market.
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COINYE to ZAR Conversion tables

The exchange rate of Coinye West is increasing.
The exchange rate of 1 COINYE to South African rand has changed by +6.21% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.88%, reaching a high of 0.008658 ZAR and a low of 0.008219 ZAR . One month ago, the value of 1 COINYE was R0.008154 ZAR , which represents a +1.47% change from its current value. Over the last year, Coinye West has changed by
-R
0.2511ZAR
, resulting in a change of -96.81% in its value.
24 hours ago1 month ago1 year ago
Amount06:46 am today24 hours ago24h change
0.5 COINYER0.004137R0.004216
-1.88%
1 COINYER0.008274R0.008432
-1.88%
5 COINYER0.04137R0.04216
-1.88%
10 COINYER0.08274R0.08432
-1.88%
50 COINYER0.4137R0.4216
-1.88%
100 COINYER0.8274R0.8432
-1.88%
500 COINYER4.14R4.22
-1.88%
1000 COINYER8.27R8.43
-1.88%

COINYE to ZAR FAQ

How much is 1 Coinye West in ZAR?
Right now, the price of 1 Coinye West (COINYE) in South African rand (ZAR) is R0.008274.
How much COINYE can I buy for 1 ZAR?
Based on the current exchange rate, you can get 120.86 COINYE for 1 ZAR.
How do I calculate or convert COINYE to ZAR?
You can use our COINYE to ZAR calculator at the top of this page to convert any amount of COINYE to ZAR. We've also included quick-reference tables for the most popular conversions. For example, 5 ZAR is equivalent to 604.31 COINYE, while 5 COINYE will cost around 0.04137ZAR.
What is the highest price of COINYE/ZAR in history?
The all-time high price of 1 COINYE in ZAR is R0.8413. It remains to be seen if the value of 1 COINYE/ZAR will exceed the current all-time high.
What is the price trend of Coinye West in ZAR?
Over the past 7 days, the exchange rate of Coinye West (COINYE) has gone up by 6.21%.   Over the last month, the exchange rate of Coinye West (COINYE) has gone up by 1.47% against South African rand (ZAR).

What factors influence the conversion rate of COINYE to ZAR?

There are many factors that affect the relationship between Coinye West 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 COINYE/ZAR. When there is positive news in the market about the widespread adoption of COINYE or major technological breakthroughs, it tends to trigger market optimism and drive the rise of COINYE/ZAR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in COINYE/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 COINYE/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 Coinye West and adjust their investment strategies accordingly in the evolving market.

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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.