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MEL to ZAR Converter and calculator

MEL/ZAR: 1 MEL = 0.01951 ZAR. The price of converting 1 MELX (MEL) to South African rand (ZAR) is 0.01951 ZAR today.
MEL
MEL
ZAR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MEL to ZAR real-time exchange rates, making it easy to convert MELX (MEL) to South African rand (ZAR). The conversion result is based on real-time data. The conversion result shows that 1 MEL is currently valued at 0.01951 ZAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MEL is currently valued at 0.01951 ZAR, which means buying 5 MEL would cost 0.09756 ZAR. Similarly, R1 ZAR can be converted to 51.25 MEL, and R50 ZAR can be converted to 256.25 MEL, excluding any platform or gas fees.

Convert MEL to ZAR

Convert ZAR to MEL

MELX
South African rand
10000 MEL
195.13  ZAR
In the table above, you'll find a comprehensive MEL to ZAR converter that shows the value of MELX in South African rand across commonly used conversion amounts. The list covers conversions from 1 MEL to ZAR, all the way up to 10000 MEL, providing a clear view of their respective values.
South African rand
MELX
2000 ZAR
102,498.09 MEL
5000 ZAR
256,245.23 MEL
10000 ZAR
512,490.47 MEL
50000 ZAR
2,562,452.33 MEL
100000 ZAR
5,124,904.67 MEL
In the table above, you'll find a comprehensive ZAR to MEL converter that shows the value of South African rand in MELX across commonly used conversion amounts. The list covers conversions from 1 ZAR to MEL, all the way up to 100000 ZAR, providing a clear view of their respective values.

MEL to ZAR chart

MEL/ZAR: 1 MEL = 0.01951 ZAR; 2025/06/15 13:19:12
In the past 1D, MELX has changed 0.00% to ZAR. Based on the trend and price charts, MELX(MEL) has changed 0.00% to ZAR while South African rand(ZAR) has changed % to MEL in the last 24 hours.
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MEL to ZAR conversion data: Volatility and price changes of MELX in ZAR

The highest MELX price in ZAR over the past 7 days was 0.01951 ZAR while the lowest MELX price in ZAR over the past 7 days was 0.01951 ZAR. The relative change between the highs and lows in MELX price in ZAR over the last 7 days indicates a volatility of %. You can view additional volatility data and MEL 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
0.01951 ZAR
0.01951 ZAR
0.01951 ZAR
0.01951 ZAR
Low
0.01951 ZAR
0.01951 ZAR
0.01951 ZAR
0.01951 ZAR
Average
0 ZAR
0 ZAR
0 ZAR
0 ZAR
Volatility
%
%
%
%
Change
--
--
--
--

MELX information

MEL to ZAR market statistics

MEL/ZAR:
R0.01951
MEL 24h volume:
--
MEL market cap:
R396,111.06
MEL circulating supply:
20.30M MEL

Current MEL to ZAR exchange rate

MELX to South African rand is rising this week.
MELX's current market price is R0.01951 per MEL, with a total market cap of R396,111.06 ZAR based on a circulating supply of 20,300,314 MEL. The trading volume of MELX has changed by 0.00% (R0 ZAR) in the last 24 hours. Last trading day, MEL's trading volume was R0.

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

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How to convert MEL to ZAR

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Bitget P2P trading does not currently support direct buying of MEL with ZAR. However, you can buy USDT in Bitget P2P trading first, and then buy MEL with USDT via Bitget spot market.
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MEL to ZAR Conversion tables

The exchange rate of MELX is increasing.
The exchange rate of 1 MEL to South African rand has changed by 0.00% in the last 7 days. In the last 24 hours, the rate has fluctuated by 0.00%, reaching a high of 0.01951 ZAR and a low of 0.01951 ZAR . One month ago, the value of 1 MEL was R0.01951 ZAR , which represents a 0.00% change from its current value. Over the last year, MELX has changed by
-R
0.{5}4033ZAR
, resulting in a change of -0.02% in its value.
24 hours ago1 month ago1 year ago
Amount 13:19 today 24 hours ago 24h change
0.5 MEL
R0.009756R0.009756
0.00%
1 MEL
R0.01951R0.01951
0.00%
5 MEL
R0.09756R0.09756
0.00%
10 MEL
R0.1951R0.1951
0.00%
50 MEL
R0.9756R0.9756
0.00%
100 MEL
R1.95R1.95
0.00%
500 MEL
R9.76R9.76
0.00%
1000 MEL
R19.51R19.51
0.00%

MEL to ZAR FAQ

How much is 1 MELX in ZAR?
Right now, the price of 1 MELX (MEL) in South African rand (ZAR) is R0.01951.
How much MEL can I buy for 1 ZAR?
Based on the current exchange rate, you can get 51.25 MEL for 1 ZAR.
How do I calculate or convert MEL to ZAR?
You can use our MEL to ZAR calculator at the top of this page to convert any amount of MEL to ZAR. We've also included quick-reference tables for the most popular conversions. For example, 5 ZAR is equivalent to 256.25 MEL, while 5 MEL will cost around 0.09756ZAR.
What is the highest price of MEL/ZAR in history?
The all-time high price of 1 MEL in ZAR is R2.79. It remains to be seen if the value of 1 MEL/ZAR will exceed the current all-time high.
What is the price trend of MELX in ZAR?
Over the past 7 days, the exchange rate of MELX (MEL) has gone down by --.   Over the last month, the exchange rate of MELX (MEL) has gone down by -- against South African rand (ZAR).

What factors influence the conversion rate of MEL to ZAR?

There are many factors that affect the relationship between MELX 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 MEL/ZAR. When there is positive news in the market about the widespread adoption of MEL or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MEL/ZAR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MEL/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 MEL/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 MELX 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 MELX currency pairs: MEL to US Dollar (USD), MEL to Euro (EUR), MEL to Pound Sterling (GBP), MEL to Canadian Dollar (CAD), MEL to Indian Rupee (INR), MEL to Pakistani Rupee (PKR), MEL to Brazilian Real (BRL), MEL to…
The price of MELX in the US is $0.001087 USD. Additionally, MELX’s price is €0.0009413 EUR in the eurozone, £0.0008014 GBP in the UK, C$0.001478 CAD in Canada, ₹0.09363 INR in India, ₨0.3076 PKR in Pakistan, R$0.006033 BRL in Brazil, and more.
The most popular MELX currency pair is the MEL to South African rand(ZAR). The price of 1 MELX (MEL) in South African rand (ZAR) is R0.01951.

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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.