Convert and Swap Ethereum ETH to South African Rand ZAR
ETH/ZAR: 1 Ethereum equals ZAR 60,822.77 ZAR
Last update: 3:17 AM, December 23, 2024
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Ethereum is falling this week.
The current price of Ethereum is ZAR 60,822.77 per ETH. With a circulating supply of 120,457,250.779 ETH, it means that Ethereum has a total market cap of ZAR 7,286,755,398,524.22. The amount of Ethereum traded has fallen by ZAR 69,929,792,949.82 in the last 24 hours, which is a 14.42% decrease. Additionally, in the last day, ZAR 484,829,498,745.77 worth of ETH has been traded.
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About Ethereum
Ethereum is a decentralized computing platform that uses ETH (also called Ether) to pay transaction fees (or “gas”). Developers can use Ethereum to run decentralized applications (dApps) and issue new crypto assets, known as Ethereum tokens.
Ethereum (ETH) is a decentralized, open-source blockchain system that features its own cryptocurrency, Ether. It serves as a platform for numerous other cryptocurrencies and for the execution of decentralized smart contracts. Ethereum's primary goal is to become a global platform for decentralized applications, allowing users worldwide to write and run software that is resistant to censorship, downtime, and fraud. Ethereum's blockchain is designed to host other cryptocurrencies, called "tokens," through its ERC-20 compatibility standard. This has led to the launch of more than 280,000 ERC-20-compliant tokens to date.
Ethereum operates through a network of computers that work together as a supercomputer. The network, in its entirety, validates and records transactions that occur on its platform. Ethereum's core innovation, the Ethereum Virtual Machine (EVM), is a Turing complete software that runs on the Ethereum network. It enables anyone to run any program, regardless of the programming language, making the creation of blockchain applications much more accessible. At its core, Ethereum operates on a proof-of-work system, but there are plans to transition to a proof-of-stake algorithm to boost the platform's scalability and add a number of new features.
Ethereum's potential use cases extend beyond the simple transfer of value. Its smart contracts can automatically execute transactions when certain conditions are met. These smart contracts are being used to create decentralized applications, or "dapps," that enable users to interact directly with the blockchain. Some of the most common use cases for Ethereum include decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and decentralized autonomous organizations (DAOs). Ethereum also hosts other cryptocurrencies and facilitates the execution of smart contracts, making it a key player in the blockchain space.
Ethereum was first described in a 2013 whitepaper by Vitalik Buterin, a programmer involved in Bitcoin Magazine. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014, and the blockchain was officially launched on July 30, 2015. Since its launch, Ethereum has undergone several planned protocol upgrades, which are important changes affecting the underlying functionality and/or incentive structures of the platform. The Ethereum Foundation, a team of developers and researchers, continues to coordinate upgrades and protocol changes.
How Ethereum and South African Rand differ
Ethereum (ETH) and the South African Rand (ZAR) are two distinct forms of value exchange, each with its unique characteristics. Ethereum is a decentralized, open-source blockchain system that features its own cryptocurrency, Ether. It serves as a platform for numerous other cryptocurrencies and for the execution of decentralized smart contracts. Ethereum's primary goal is to become a global platform for decentralized applications, allowing users worldwide to write and run software that is resistant to censorship, downtime, and fraud. On the other hand, the South African Rand is a traditional, centralized form of currency issued and regulated by the South African Reserve Bank. Unlike Ethereum, which operates on a network of computers that work together as a supercomputer to validate and record transactions, the South African Rand operates within a regulated banking system where transactions are monitored and controlled by a central authority. Ethereum's potential use cases extend beyond the simple transfer of value, with its smart contracts being used to create decentralized applications that enable users to interact directly with the blockchain. In contrast, the South African Rand is primarily used for traditional transactions such as buying goods and services within South Africa.
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ETH to South African Rand conversion tables
The exchange rate of Ethereum is decreasing.
The current value of 1 ETH is ZAR 60,822.77 ZAR. In other words, to buy 5 Ethereum, it would cost you ZAR 304,113.85 ZAR. Inversely, ZAR 1.00 ZAR would allow you to trade for 0.000016 ETH while ZAR 50.00 ZAR would convert to 0.000822 ETH, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 17.22%. Meanwhile, in the last 24 hours, the rate has changed by 1.51%, and that the the highest exchange rate of 1 ETH to South African Rand was ZAR 62,283.63 ZAR and the lowest 24 hour value was 1 ETH for ZAR 58,893.81 ZAR. This time last month, the value of 1 ETH was ZAR 60,693.43 ZAR, which is a 2.72% increase from where it is now. Looking back a year, Ethereum has changed by ZAR 42,699.53 ZAR.
ETH to ZAR performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
ZAR 60,871.85 ZAR | -1.51% | ZAR 70,719.98 ZAR | -17.22% | ZAR 60,693.43 ZAR | -2.72% | ZAR 42,699.53 ZAR | 41.96% |
ETH to ZAR
Amount | Today at 3:17 am |
|---|---|
0.5 ETH | ZAR 30,411.38 |
1 ETH | ZAR 60,822.77 |
5 ETH | ZAR 304,113.85 |
10 ETH | ZAR 608,227.69 |
50 ETH | ZAR 3,041,138.47 |
100 ETH | ZAR 6,082,276.95 |
500 ETH | ZAR 30,411,384.73 |
1,000 ETH | ZAR 60,822,769.46 |
ZAR to ETH
Amount | Today at 3:17 am |
|---|---|
0.5 ZAR | 0.00000822 ETH |
1 ZAR | 0.000016 ETH |
5 ZAR | 0.000082 ETH |
10 ZAR | 0.000164 ETH |
50 ZAR | 0.000822 ETH |
100 ZAR | 0.0016 ETH |
500 ZAR | 0.0082 ETH |
1,000 ZAR | 0.0164 ETH |
Today vs. 24 hours ago
Amount | Today at 3:17 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 ETH | ZAR 30,411.38 | ZAR 30,545.83 | -0.44% |
1 ETH | ZAR 60,822.77 | ZAR 61,091.66 | -0.44% |
5 ETH | ZAR 304,113.85 | ZAR 305,458.29 | -0.44% |
10 ETH | ZAR 608,227.69 | ZAR 610,916.57 | -0.44% |
50 ETH | ZAR 3,041,138.47 | ZAR 3,054,582.86 | -0.44% |
100 ETH | ZAR 6,082,276.95 | ZAR 6,109,165.72 | -0.44% |
500 ETH | ZAR 30,411,384.73 | ZAR 30,545,828.59 | -0.44% |
1,000 ETH | ZAR 60,822,769.46 | ZAR 61,091,657.18 | -0.44% |
Today vs. 1 month ago
Amount | Today at 3:17 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 ETH | ZAR 30,411.38 | ZAR 30,789.80 | -1.23% |
1 ETH | ZAR 60,822.77 | ZAR 61,579.61 | -1.23% |
5 ETH | ZAR 304,113.85 | ZAR 307,898.04 | -1.23% |
10 ETH | ZAR 608,227.69 | ZAR 615,796.08 | -1.23% |
50 ETH | ZAR 3,041,138.47 | ZAR 3,078,980.40 | -1.23% |
100 ETH | ZAR 6,082,276.95 | ZAR 6,157,960.79 | -1.23% |
500 ETH | ZAR 30,411,384.73 | ZAR 30,789,803.97 | -1.23% |
1,000 ETH | ZAR 60,822,769.46 | ZAR 61,579,607.95 | -1.23% |
Today vs. 1 year ago
Amount | Today at 3:17 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 ETH | ZAR 30,411.38 | ZAR 21,230.73 | +43.24% |
1 ETH | ZAR 60,822.77 | ZAR 42,461.46 | +43.24% |
5 ETH | ZAR 304,113.85 | ZAR 212,307.31 | +43.24% |
10 ETH | ZAR 608,227.69 | ZAR 424,614.61 | +43.24% |
50 ETH | ZAR 3,041,138.47 | ZAR 2,123,073.07 | +43.24% |
100 ETH | ZAR 6,082,276.95 | ZAR 4,246,146.14 | +43.24% |
500 ETH | ZAR 30,411,384.73 | ZAR 21,230,730.70 | +43.24% |
1,000 ETH | ZAR 60,822,769.46 | ZAR 42,461,461.40 | +43.24% |
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