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MIY to ZAR Converter and calculator

MIY/ZAR: 1 MIY = 0.2326 ZAR. The price of converting 1 Icel Idman Yurdu Token (MIY) to South African rand (ZAR) is 0.2326 ZAR today.
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MIY
ZAR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MIY to ZAR real-time exchange rates, making it easy to convert Icel Idman Yurdu Token (MIY) to South African rand (ZAR). The conversion result is based on real-time data. The conversion result shows that 1 MIY is currently valued at 0.23 ZAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MIY is currently valued at 0.23 ZAR, which means buying 5 MIY would cost 1.16 ZAR. Similarly, R1 ZAR can be converted to 4.3 MIY, and R50 ZAR can be converted to 21.49 MIY, excluding any platform or gas fees.

Convert MIY to ZAR

Convert ZAR to MIY

Icel Idman Yurdu Token
South African rand
5000 MIY
1,163.18  ZAR
10000 MIY
2,326.35  ZAR
In the table above, you'll find a comprehensive MIY to ZAR converter that shows the value of Icel Idman Yurdu Token in South African rand across commonly used conversion amounts. The list covers conversions from 1 MIY to ZAR, all the way up to 10000 MIY, providing a clear view of their respective values.
South African rand
Icel Idman Yurdu Token
10000 ZAR
42,985.71 MIY
50000 ZAR
214,928.53 MIY
100000 ZAR
429,857.05 MIY
In the table above, you'll find a comprehensive ZAR to MIY converter that shows the value of South African rand in Icel Idman Yurdu Token across commonly used conversion amounts. The list covers conversions from 1 ZAR to MIY, all the way up to 100000 ZAR, providing a clear view of their respective values.

MIY to ZAR chart

MIY/ZAR: 1 MIY = 0.2326 ZAR; 2025/04/28 07:10:51
In the past 1D, Icel Idman Yurdu Token has changed +3.31% to ZAR. Based on the trend and price charts, Icel Idman Yurdu Token(MIY) has changed +3.31% to ZAR while South African rand(ZAR) has changed % to MIY in the last 24 hours.
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MIY to ZAR conversion data: Volatility and price changes of Icel Idman Yurdu Token in ZAR

The highest Icel Idman Yurdu Token price in ZAR over the past 7 days was 0.2397 ZAR while the lowest Icel Idman Yurdu Token price in ZAR over the past 7 days was 0.2106 ZAR. The relative change between the highs and lows in Icel Idman Yurdu Token price in ZAR over the last 7 days indicates a volatility of %. You can view additional volatility data and MIY 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
0.2397 ZAR
0.2397 ZAR
0.2397 ZAR
0.4173 ZAR
Low
0.2250 ZAR
0.2106 ZAR
0.1907 ZAR
0.1907 ZAR
Average
0 ZAR
0 ZAR
0 ZAR
0 ZAR
Volatility
%
%
%
%
Change
+3.31%
+13.42%
-1.22%
-44.52%

Icel Idman Yurdu Token information

MIY to ZAR market statistics

MIY/ZAR:
R0.2326
MIY 24h volume:
R68,840.61
MIY market cap:
--
MIY circulating supply:
0 MIY

Current MIY to ZAR exchange rate

Icel Idman Yurdu Token to South African rand is rising this week.
Icel Idman Yurdu Token's current market price is R0.2326 per MIY, with a total market cap of R0 ZAR based on a circulating supply of -- MIY. The trading volume of Icel Idman Yurdu Token has changed by -88.49% (R-529,107.81 ZAR) in the last 24 hours. Last trading day, MIY's trading volume was R597,948.42.

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

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How to convert MIY to ZAR

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MIY to ZAR Conversion tables

The exchange rate of Icel Idman Yurdu Token is decreasing.
The exchange rate of 1 MIY to South African rand has changed by +13.42% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.31%, reaching a high of 0.2397 ZAR and a low of 0.2250 ZAR . One month ago, the value of 1 MIY was R0.2355 ZAR , which represents a -1.22% change from its current value. Over the last year, Icel Idman Yurdu Token has changed by
-R
0.8014ZAR
, resulting in a change of -77.50% in its value.
24 hours ago1 month ago1 year ago
Amount07:10 am today24 hours ago24h change
0.5 MIYR0.1163R0.1126
+3.31%
1 MIYR0.2326R0.2252
+3.31%
5 MIYR1.16R1.13
+3.31%
10 MIYR2.33R2.25
+3.31%
50 MIYR11.63R11.26
+3.31%
100 MIYR23.26R22.52
+3.31%
500 MIYR116.32R112.59
+3.31%
1000 MIYR232.64R225.17
+3.31%

MIY to ZAR FAQ

How much is 1 Icel Idman Yurdu Token in ZAR?
Right now, the price of 1 Icel Idman Yurdu Token (MIY) in South African rand (ZAR) is R0.2326.
How much MIY can I buy for 1 ZAR?
Based on the current exchange rate, you can get 4.3 MIY for 1 ZAR.
How do I calculate or convert MIY to ZAR?
You can use our MIY to ZAR calculator at the top of this page to convert any amount of MIY to ZAR. We've also included quick-reference tables for the most popular conversions. For example, 5 ZAR is equivalent to 21.49 MIY, while 5 MIY will cost around 1.16ZAR.
What is the highest price of MIY/ZAR in history?
The all-time high price of 1 MIY in ZAR is R36.48. It remains to be seen if the value of 1 MIY/ZAR will exceed the current all-time high.
What is the price trend of Icel Idman Yurdu Token in ZAR?
Over the past 7 days, the exchange rate of Icel Idman Yurdu Token (MIY) has gone up by 13.42%.   Over the last month, the exchange rate of Icel Idman Yurdu Token (MIY) has gone down by 1.22% against South African rand (ZAR).

What factors influence the conversion rate of MIY to ZAR?

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