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Omax Coin to South African rand Converter and calculator

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Convert 1Omax Coin (OMAX) to South African rand (ZAR) equals R 0.005852 | Bitget
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Last updated as of 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 Omax Coin(OMAX) to South African rand(ZAR). This is the real-time data. The current conversion shows 1 OMAX at a value of 1 OMAX for 0.01 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 Omax Coin currency pair is the OMAX to ZAR, with for Omax Coin's currency code being OMAX. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ZAR.

OMAX to ZAR conversion rate trend

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In the past 1D, Omax Coin has changed -3.06% to ZAR. Based on the trend and price charts, Omax Coin(OMAX) has changed -3.06% to ZAR while South African rand(ZAR) has changed % to OMAX in the last 24 hours.

OMAX to ZAR market statistics

OMAX/ZAR:
R 0.005852
OMAX 24h volume:
R 8,482,724.65
OMAX market cap:
R 50,728,917.24
OMAX circulating supply:
8.67B OMAX

Current OMAX to ZAR exchange rate

Omax Coin to South African rand is rising this week.
Omax Coin's current market price is R 0.005852 per OMAX, with a total market cap of R 50,728,917.24 ZAR based on a circulating supply of 8,667,997,000 OMAX. The trading volume of Omax Coin has changed by -0.09% (R -7,224.95 ZAR) in the last 24 hours. Last trading day, OMAX's trading volume was R 8,489,949.6.

OMAX to ZAR Conversion tables

The exchange rate of Omax Coin is decreasing.
1 OMAX is currently valued at R 0.005852 ZAR , which means buying 5 OMAX will cost R 0.02926 ZAR . Similarly, R1 ZAR can be traded for 170.87 OMAX, and R50 ZAR can be converted to 8,543.45 OMAX, excluding any platform or gas fees.
The exchange rate of 1 OMAX to South African rand has changed by +10.67% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.06%, reaching a high of 0.006206 ZAR and a low of 0.005739 ZAR . One month ago, the value of 1 OMAX was R 0.006318 ZAR , which represents a -7.37% change from its current value. Over the last year, Omax Coin has changed by
-R
0.01959ZAR
, resulting in a change of -76.99% in its value.

OMAX to ZAR

Amount
16:51 today
0.5 OMAX
R0.002926
1 OMAX
R0.005852
5 OMAX
R0.02926
10 OMAX
R0.05852
50 OMAX
R0.2926
100 OMAX
R0.5852
500 OMAX
R2.93
1000 OMAX
R5.85

ZAR to OMAX

Amount16:51 today
0.5ZAR85.43  OMAX
1ZAR170.87  OMAX
5ZAR854.34  OMAX
10ZAR1,708.69  OMAX
50ZAR8,543.45  OMAX
100ZAR17,086.89  OMAX
500ZAR85,434.47  OMAX
1000ZAR170,868.95  OMAX
Buy OMAX now

OMAX to ZAR Today vs. 24 hours ago

Amount16:51 today24 hours ago24h change
0.5 OMAXR0.002926R0.003019
-3.06%
1 OMAXR0.005852R0.006037
-3.06%
5 OMAXR0.02926R0.03019
-3.06%
10 OMAXR0.05852R0.06037
-3.06%
50 OMAXR0.2926R0.3019
-3.06%
100 OMAXR0.5852R0.6037
-3.06%
500 OMAXR2.93R3.02
-3.06%
1000 OMAXR5.85R6.04
-3.06%

OMAX to ZAR Today vs. 1 month ago

Amount16:51 today1 month ago1M change
0.5 OMAXR0.002926R0.003159
-7.37%
1 OMAXR0.005852R0.006318
-7.37%
5 OMAXR0.02926R0.03159
-7.37%
10 OMAXR0.05852R0.06318
-7.37%
50 OMAXR0.2926R0.3159
-7.37%
100 OMAXR0.5852R0.6318
-7.37%
500 OMAXR2.93R3.16
-7.37%
1000 OMAXR5.85R6.32
-7.37%

OMAX to ZAR Today vs. 1 year ago

Amount16:51 today1 year ago1Y change
0.5 OMAXR0.002926R0.01272
-76.99%
1 OMAXR0.005852R0.02544
-76.99%
5 OMAXR0.02926R0.1272
-76.99%
10 OMAXR0.05852R0.2544
-76.99%
50 OMAXR0.2926R1.27
-76.99%
100 OMAXR0.5852R2.54
-76.99%
500 OMAXR2.93R12.72
-76.99%
1000 OMAXR5.85R25.44
-76.99%

How to convert OMAX to ZAR

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Convert OMAX to ZAR
Use a variety of payment options to buy Omax Coin on Bitget. We'll show you how.

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

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

Bitget P2P trading currently does not support direct selling of OMAX to ZAR. However, you can first exchange OMAX 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
Payment methods
Zero fees
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What factors influence the conversion rate of OMAX to ZAR?

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

Omax Coin price prediction

What will the price of OMAX be in 2026?

Based on OMAX's historical price performance prediction model, the price of OMAX is projected to reach $0.0004059 in 2026.

What will the price of OMAX be in 2031?

In 2031, the OMAX price is expected to change by -5.00%. By the end of 2031, the OMAX price is projected to reach $0.0006594, with a cumulative ROI of +95.90%.

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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 Omax Coin 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 Omax Coin 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 Omax Coin 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.