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Quantum Resistant Ledger to South African Rand Converter and calculator

Convert 1Quantum Resistant Ledger (QRL) to South African Rand (ZAR) equals R 13.78 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Quantum Resistant Ledger(QRL) to South African Rand(ZAR). This is the real-time data. The current conversion shows 1 QRL at a value of 1 QRL for 13.78 ZAR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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

QRL to ZAR conversion rate trend

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In the past 1D, Quantum Resistant Ledger has changed -11.13% to ZAR. Based on the trend and price charts, Quantum Resistant Ledger(QRL) has changed -11.13% to ZAR while South African Rand(ZAR) has changed % to QRL in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
R15.37
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/12/25 00:30:23(UTC+0)

How to buy Quantum Resistant Ledger

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Buy Quantum Resistant Ledger (QRL)
Use a variety of payment options to buy Quantum Resistant Ledger on Bitget. We'll show you how.

Buy QRL (or USDT) for ZAR (South African Rand) offers

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

Bitget P2P trading currently does not support direct selling of QRL to ZAR. However, you can first exchange QRL for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
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Zero fees
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What factors influence the conversion rate of Quantum Resistant Ledger to South African Rand?

Quantum Resistant Ledger to South African Rand is falling this week.
Quantum Resistant Ledger's current market price is R 13.78 per QRL, with a total market cap of R 936,380,000.31 ZAR based on a circulating supply of 67,937,170 QRL. The trading volume of Quantum Resistant Ledger has changed by +21.79% (R 650,363.83 ZAR) in the last 24 hours. Last trading day, QRL's trading volume was R 2,984,620.94.
Market cap
$50.27M
24h volume
$195.16K
Circulating supply
67.94M QRL

Conversion tables

The exchange rate of Quantum Resistant Ledger is increasing.
1 QRL is currently valued at R 13.78 ZAR , which means buying 5 QRL will cost R 68.92 ZAR . Similarly, R1 ZAR can be traded for 0.07255 QRL, and R50 ZAR can be converted to 3.63 QRL, excluding any platform or gas fees.
The exchange rate of 1 QRL to South African Rand has changed by -9.65% in the last 7 days. In the last 24 hours, the rate has fluctuated by -11.13%, reaching a high of 16.29 ZAR and a low of 13.58 ZAR . One month ago, the value of 1 QRL was R 6.98 ZAR , which represents a +96.67% change from its current value. Over the last year, Quantum Resistant Ledger has changed by
+R
10.89ZAR
, resulting in a change of +368.92% in its value.

QRL to ZAR

Amount
08:14 am today
0.5 QRL
R6.89
1 QRL
R13.78
5 QRL
R68.92
10 QRL
R137.83
50 QRL
R689.15
100 QRL
R1,378.3
500 QRL
R6,891.51
1000 QRL
R13,783.03

ZAR to QRL

Amount08:14 am today
0.5ZAR0.03628  QRL
1ZAR0.07255  QRL
5ZAR0.3628  QRL
10ZAR0.7255  QRL
50ZAR3.63  QRL
100ZAR7.26  QRL
500ZAR36.28  QRL
1000ZAR72.55  QRL

Today vs. 24 hours ago

Amount08:14 am today24 hours ago24h change
0.5 QRL$0.3700$0.4166
-11.13%
1 QRL$0.7400$0.8331
-11.13%
5 QRL$3.7$4.17
-11.13%
10 QRL$7.4$8.33
-11.13%
50 QRL$37$41.66
-11.13%
100 QRL$74$83.31
-11.13%
500 QRL$370.01$416.57
-11.13%
1000 QRL$740.02$833.14
-11.13%

Today vs. 1 month ago

Amount08:14 am today1 month ago1M change
0.5 QRL$0.3700$0.1873
+96.67%
1 QRL$0.7400$0.3746
+96.67%
5 QRL$3.7$1.87
+96.67%
10 QRL$7.4$3.75
+96.67%
50 QRL$37$18.73
+96.67%
100 QRL$74$37.46
+96.67%
500 QRL$370.01$187.28
+96.67%
1000 QRL$740.02$374.56
+96.67%

Today vs. 1 year ago

Amount08:14 am today1 year ago1Y change
0.5 QRL$0.3700$0.07754
+368.92%
1 QRL$0.7400$0.1551
+368.92%
5 QRL$3.7$0.7754
+368.92%
10 QRL$7.4$1.55
+368.92%
50 QRL$37$7.75
+368.92%
100 QRL$74$15.51
+368.92%
500 QRL$370.01$77.54
+368.92%
1000 QRL$740.02$155.07
+368.92%

Quantum Resistant Ledger price prediction

What will the price of QRL be in 2025?

Based on QRL's historical price performance prediction model, the price of QRL is projected to reach $0.8323 in 2025.

What will the price of QRL be in 2030?

In 2030, the QRL price is expected to change by -12.00%. By the end of 2030, the QRL price is projected to reach $0.9524, with a cumulative ROI of +9.43%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Quantum Resistant Ledger and ZAR.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Quantum Resistant Ledger and ZAR. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Quantum Resistant Ledger in ZAR, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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.