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REF to ZAR Converter and calculator

REF/ZAR: 1 REF = 1.59 ZAR. The price of converting 1 Ref Finance (REF) to South African rand (ZAR) is 1.59 ZAR today.
REF
REF
ZAR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides REF to ZAR real-time exchange rates, making it easy to convert Ref Finance (REF) to South African rand (ZAR). The conversion result is based on real-time data. The conversion result shows that 1 REF is currently valued at 1.59 ZAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 REF is currently valued at 1.59 ZAR, which means buying 5 REF would cost 7.94 ZAR. Similarly, R1 ZAR can be converted to 0.6296 REF, and R50 ZAR can be converted to 3.15 REF, excluding any platform or gas fees.

Convert REF to ZAR

Convert ZAR to REF

Ref Finance
South African rand
1000 REF
1,588.41  ZAR
5000 REF
7,942.03  ZAR
10000 REF
15,884.06  ZAR
In the table above, you'll find a comprehensive REF to ZAR converter that shows the value of Ref Finance in South African rand across commonly used conversion amounts. The list covers conversions from 1 REF to ZAR, all the way up to 10000 REF, providing a clear view of their respective values.
South African rand
Ref Finance
50000 ZAR
31,478.09 REF
100000 ZAR
62,956.18 REF
In the table above, you'll find a comprehensive ZAR to REF converter that shows the value of South African rand in Ref Finance across commonly used conversion amounts. The list covers conversions from 1 ZAR to REF, all the way up to 100000 ZAR, providing a clear view of their respective values.

REF to ZAR chart

REF/ZAR: 1 REF = 1.59 ZAR; 2025/04/26 20:19:53
In the past 1D, Ref Finance has changed +0.33% to ZAR. Based on the trend and price charts, Ref Finance(REF) has changed +0.33% to ZAR while South African rand(ZAR) has changed % to REF in the last 24 hours.
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REF to ZAR conversion data: Volatility and price changes of Ref Finance in ZAR

The highest Ref Finance price in ZAR over the past 7 days was 1.67 ZAR while the lowest Ref Finance price in ZAR over the past 7 days was 1.3 ZAR. The relative change between the highs and lows in Ref Finance price in ZAR over the last 7 days indicates a volatility of %. You can view additional volatility data and REF 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
1.67 ZAR
1.67 ZAR
1.91 ZAR
3.56 ZAR
Low
1.57 ZAR
1.3 ZAR
1.08 ZAR
1.08 ZAR
Average
0 ZAR
0 ZAR
0 ZAR
0 ZAR
Volatility
%
%
%
%
Change
+0.33%
+20.14%
-17.67%
-56.40%

Ref Finance information

REF to ZAR market statistics

REF/ZAR:
R1.59
REF 24h volume:
R1,787,589.13
REF market cap:
R59,901,845.84
REF circulating supply:
37.71M REF

Current REF to ZAR exchange rate

Ref Finance to South African rand is rising this week.
Ref Finance's current market price is R1.59 per REF, with a total market cap of R59,901,845.84 ZAR based on a circulating supply of 37,711,916 REF. The trading volume of Ref Finance has changed by +17.37% (R264,585.35 ZAR) in the last 24 hours. Last trading day, REF's trading volume was R1,523,003.78.

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

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How to convert REF to ZAR

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

The exchange rate of Ref Finance is decreasing.
The exchange rate of 1 REF to South African rand has changed by +20.14% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.33%, reaching a high of 1.67 ZAR and a low of 1.57 ZAR . One month ago, the value of 1 REF was R1.93 ZAR , which represents a -17.67% change from its current value. Over the last year, Ref Finance has changed by
-R
5.24ZAR
, resulting in a change of -76.70% in its value.
24 hours ago1 month ago1 year ago
Amount20:19 today24 hours ago24h change
0.5 REFR0.7942R0.7916
+0.33%
1 REFR1.59R1.58
+0.33%
5 REFR7.94R7.92
+0.33%
10 REFR15.88R15.83
+0.33%
50 REFR79.42R79.16
+0.33%
100 REFR158.84R158.32
+0.33%
500 REFR794.2R791.59
+0.33%
1000 REFR1,588.41R1,583.18
+0.33%

REF to ZAR FAQ

How much is 1 Ref Finance in ZAR?
Right now, the price of 1 Ref Finance (REF) in South African rand (ZAR) is R1.59.
How much REF can I buy for 1 ZAR?
Based on the current exchange rate, you can get 0.6296 REF for 1 ZAR.
How do I calculate or convert REF to ZAR?
You can use our REF to ZAR calculator at the top of this page to convert any amount of REF to ZAR. We've also included quick-reference tables for the most popular conversions. For example, 5 ZAR is equivalent to 3.15 REF, while 5 REF will cost around 7.94ZAR.
What is the highest price of REF/ZAR in history?
The all-time high price of 1 REF in ZAR is R873.78. It remains to be seen if the value of 1 REF/ZAR will exceed the current all-time high.
What is the price trend of Ref Finance in ZAR?
Over the past 7 days, the exchange rate of Ref Finance (REF) has gone up by 20.14%.   Over the last month, the exchange rate of Ref Finance (REF) has gone down by 17.67% against South African rand (ZAR).

What factors influence the conversion rate of REF to ZAR?

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