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MTC to ZAR Converter and calculator

MTC/ZAR: 1 MTC = 0.005022 ZAR. The price of converting 1 Matrix Chain (MTC) to South African rand (ZAR) is 0.005022 ZAR today.
MTC
MTC
ZAR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MTC to ZAR real-time exchange rates, making it easy to convert Matrix Chain (MTC) to South African rand (ZAR). The conversion result is based on real-time data. The conversion result shows that 1 MTC is currently valued at 0.01 ZAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MTC is currently valued at 0.01 ZAR, which means buying 5 MTC would cost 0.03 ZAR. Similarly, R1 ZAR can be converted to 199.11 MTC, and R50 ZAR can be converted to 995.55 MTC, excluding any platform or gas fees.

Convert MTC to ZAR

Convert ZAR to MTC

Matrix Chain
South African rand
In the table above, you'll find a comprehensive MTC to ZAR converter that shows the value of Matrix Chain in South African rand across commonly used conversion amounts. The list covers conversions from 1 MTC to ZAR, all the way up to 10000 MTC, providing a clear view of their respective values.
South African rand
Matrix Chain
1000 ZAR
199,109.46 MTC
2000 ZAR
398,218.91 MTC
5000 ZAR
995,547.28 MTC
10000 ZAR
1,991,094.56 MTC
50000 ZAR
9,955,472.78 MTC
100000 ZAR
19,910,945.55 MTC
In the table above, you'll find a comprehensive ZAR to MTC converter that shows the value of South African rand in Matrix Chain across commonly used conversion amounts. The list covers conversions from 1 ZAR to MTC, all the way up to 100000 ZAR, providing a clear view of their respective values.

MTC to ZAR chart

MTC/ZAR: 1 MTC = 0.005022 ZAR; 2025/04/26 16:54:11
In the past 1D, Matrix Chain has changed +0.40% to ZAR. Based on the trend and price charts, Matrix Chain(MTC) has changed +0.40% to ZAR while South African rand(ZAR) has changed % to MTC in the last 24 hours.
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MTC to ZAR conversion data: Volatility and price changes of Matrix Chain in ZAR

The highest Matrix Chain price in ZAR over the past 7 days was 0.005013 ZAR while the lowest Matrix Chain price in ZAR over the past 7 days was 0.004969 ZAR. The relative change between the highs and lows in Matrix Chain price in ZAR over the last 7 days indicates a volatility of %. You can view additional volatility data and MTC 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
0.005013 ZAR
0.005013 ZAR
0.005097 ZAR
0.005751 ZAR
Low
0.004969 ZAR
0.004969 ZAR
0.004969 ZAR
0.004969 ZAR
Average
0 ZAR
0 ZAR
0 ZAR
0 ZAR
Volatility
%
%
%
%
Change
+0.40%
+0.70%
-1.63%
-13.04%

Matrix Chain information

MTC to ZAR market statistics

MTC/ZAR:
R0.005022
MTC 24h volume:
--
MTC market cap:
--
MTC circulating supply:
0 MTC

Current MTC to ZAR exchange rate

Matrix Chain to South African rand is rising this week.
Matrix Chain's current market price is R0.005022 per MTC, with a total market cap of R0 ZAR based on a circulating supply of -- MTC. The trading volume of Matrix Chain has changed by 0.00% (R0 ZAR) in the last 24 hours. Last trading day, MTC's trading volume was R0.

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

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How to convert MTC to ZAR

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MTC to ZAR Conversion tables

The exchange rate of Matrix Chain is decreasing.
The exchange rate of 1 MTC to South African rand has changed by +0.70% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.40%, reaching a high of 0.005013 ZAR and a low of 0.004969 ZAR . One month ago, the value of 1 MTC was R0.005106 ZAR , which represents a -1.63% change from its current value. Over the last year, Matrix Chain has changed by
-R
6.78ZAR
, resulting in a change of -99.93% in its value.
24 hours ago1 month ago1 year ago
Amount16:54 today24 hours ago24h change
0.5 MTCR0.002511R0.002501
+0.40%
1 MTCR0.005022R0.005003
+0.40%
5 MTCR0.02511R0.02501
+0.40%
10 MTCR0.05022R0.05003
+0.40%
50 MTCR0.2511R0.2501
+0.40%
100 MTCR0.5022R0.5003
+0.40%
500 MTCR2.51R2.5
+0.40%
1000 MTCR5.02R5
+0.40%

MTC to ZAR FAQ

How much is 1 Matrix Chain in ZAR?
Right now, the price of 1 Matrix Chain (MTC) in South African rand (ZAR) is R0.005022.
How much MTC can I buy for 1 ZAR?
Based on the current exchange rate, you can get 199.11 MTC for 1 ZAR.
How do I calculate or convert MTC to ZAR?
You can use our MTC to ZAR calculator at the top of this page to convert any amount of MTC to ZAR. We've also included quick-reference tables for the most popular conversions. For example, 5 ZAR is equivalent to 995.55 MTC, while 5 MTC will cost around 0.02511ZAR.
What is the highest price of MTC/ZAR in history?
The all-time high price of 1 MTC in ZAR is R18.43. It remains to be seen if the value of 1 MTC/ZAR will exceed the current all-time high.
What is the price trend of Matrix Chain in ZAR?
Over the past 7 days, the exchange rate of Matrix Chain (MTC) has gone up by 0.70%.   Over the last month, the exchange rate of Matrix Chain (MTC) has gone down by 1.63% against South African rand (ZAR).

What factors influence the conversion rate of MTC to ZAR?

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

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