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Nimiq to South African rand (NIM to ZAR)

NIM to ZAR Converter and calculator

NIM/ZAR: 1 NIM = 0.009426 ZAR. The price of converting 1 Nimiq (NIM) to South African rand (ZAR) is 0.009426 ZAR today.
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NIM
ZAR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides NIM to ZAR real-time exchange rates, making it easy to convert Nimiq (NIM) to South African rand (ZAR). The conversion result is based on real-time data. The conversion result shows that 1 NIM is currently valued at 0.009426 ZAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 NIM is currently valued at 0.009426 ZAR, which means buying 5 NIM would cost 0.04713 ZAR. Similarly, R1 ZAR can be converted to 106.09 NIM, and R50 ZAR can be converted to 530.45 NIM, excluding any platform or gas fees.

Convert NIM to ZAR

Convert ZAR to NIM

Nimiq
South African rand
1 NIM
0.009426  ZAR
Exchange 1 NIM for 0.009426 ZAR
2 NIM
0.01885  ZAR
Exchange 2 NIM for 0.01885 ZAR
5 NIM
0.04713  ZAR
Exchange 5 NIM for 0.04713 ZAR
10 NIM
0.09426  ZAR
Exchange 10 NIM for 0.09426 ZAR
20 NIM
0.1885  ZAR
Exchange 20 NIM for 0.1885 ZAR
50 NIM
0.4713  ZAR
Exchange 50 NIM for 0.4713 ZAR
100 NIM
0.9426  ZAR
Exchange 100 NIM for 0.9426 ZAR
200 NIM
1.89  ZAR
Exchange 200 NIM for 1.89 ZAR
500 NIM
4.71  ZAR
Exchange 500 NIM for 4.71 ZAR
1000 NIM
9.43  ZAR
Exchange 1000 NIM for 9.43 ZAR
5000 NIM
47.13  ZAR
Exchange 5000 NIM for 47.13 ZAR
10000 NIM
94.26  ZAR
Exchange 10000 NIM for 94.26 ZAR
In the table above, you'll find a comprehensive NIM to ZAR converter that shows the value of Nimiq in South African rand across commonly used conversion amounts. The list covers conversions from 1 NIM to ZAR, all the way up to 10000 NIM, providing a clear view of their respective values.
South African rand
Nimiq
1 ZAR
106.09 NIM
Exchange 1 ZAR for 106.09 NIM
10 ZAR
1,060.89 NIM
Exchange 10 ZAR for 1,060.89 NIM
50 ZAR
5,304.46 NIM
Exchange 50 ZAR for 5,304.46 NIM
100 ZAR
10,608.92 NIM
Exchange 100 ZAR for 10,608.92 NIM
200 ZAR
21,217.85 NIM
Exchange 200 ZAR for 21,217.85 NIM
500 ZAR
53,044.62 NIM
Exchange 500 ZAR for 53,044.62 NIM
1000 ZAR
106,089.23 NIM
Exchange 1000 ZAR for 106,089.23 NIM
2000 ZAR
212,178.47 NIM
Exchange 2000 ZAR for 212,178.47 NIM
5000 ZAR
530,446.17 NIM
Exchange 5000 ZAR for 530,446.17 NIM
10000 ZAR
1,060,892.34 NIM
Exchange 10000 ZAR for 1,060,892.34 NIM
50000 ZAR
5,304,461.68 NIM
Exchange 50000 ZAR for 5,304,461.68 NIM
100000 ZAR
10,608,923.35 NIM
Exchange 100000 ZAR for 10,608,923.35 NIM
In the table above, you'll find a comprehensive ZAR to NIM converter that shows the value of South African rand in Nimiq across commonly used conversion amounts. The list covers conversions from 1 ZAR to NIM, all the way up to 100000 ZAR, providing a clear view of their respective values.

NIM to ZAR chart

NIM/ZAR: 1 NIM = 0.009426 ZAR; 2026/01/10 07:17:51
In the past 1D, Nimiq has changed +0.19% to ZAR. Based on the trend and price charts, Nimiq(NIM) has changed +0.19% to ZAR while South African rand(ZAR) has changed % to NIM in the last 24 hours.
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NIM to ZAR conversion data: Volatility and price changes of in ZAR

The highest price in ZAR over the past 7 days was 0.01069 ZAR while the lowest price in ZAR over the past 7 days was 0.009339 ZAR. The relative change between the highs and lows in price in ZAR over the last 7 days indicates a volatility of %. You can view additional volatility data and NIM 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
0.009444 ZAR
0.01069 ZAR
0.01167 ZAR
0.01256 ZAR
Low
0.009339 ZAR
0.009339 ZAR
0.009339 ZAR
0.009339 ZAR
Average
0 ZAR
0 ZAR
0 ZAR
0 ZAR
Volatility
%
%
%
%
Change
+0.19%
-9.86%
-11.99%
-8.20%

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Bitget P2P trading does not currently support direct buying of NIM with ZAR. However, you can buy USDT in Bitget P2P trading first, and then buy NIM with USDT via Bitget spot market.
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Nimiq information

NIM to ZAR market statistics

NIM/ZAR:
R0.009426
NIM 24h volume:
R1,269,892.85
NIM market cap:
R129,450,271.89
NIM circulating supply:
13.73B NIM

Current NIM to ZAR exchange rate

Nimiq to South African rand is falling this week.
Nimiq's current market price is R0.009426 per NIM, with a total market cap of R129,450,271.89 ZAR based on a circulating supply of 13,733,280,000 NIM. The trading volume of Nimiq has changed by +1.53% (R19,198.16 ZAR) in the last 24 hours. Last trading day, NIM's trading volume was R1,250,694.69.

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

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How to convert NIM to ZAR

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NIM to ZAR Conversion tables

The exchange rate of Nimiq is decreasing.
The exchange rate of 1 NIM to South African rand has changed by -9.86% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.19%, reaching a high of 0.009444 ZAR and a low of 0.009339 ZAR . One month ago, the value of 1 NIM was R0.01071 ZAR , which represents a -11.99% change from its current value. Over the last year, Nimiq has changed by
-R
0.01278ZAR
, resulting in a change of -57.53% in its value.
24 hours ago1 month ago1 year ago
Amount 07:17 am today 24 hours ago 24h change
0.5 NIM
R0.004713R0.004704
+0.19%
1 NIM
R0.009426R0.009408
+0.19%
5 NIM
R0.04713R0.04704
+0.19%
10 NIM
R0.09426R0.09408
+0.19%
50 NIM
R0.4713R0.4704
+0.19%
100 NIM
R0.9426R0.9408
+0.19%
500 NIM
R4.71R4.7
+0.19%
1000 NIM
R9.43R9.41
+0.19%

NIM to ZAR FAQ

How much is 1 Nimiq in ZAR?
Right now, the price of 1 Nimiq (NIM) in South African rand (ZAR) is R0.009426.
How much NIM can I buy for 1 ZAR?
Based on the current exchange rate, you can get 106.09 NIM for 1 ZAR.
How do I calculate or convert NIM to ZAR?
You can use our NIM to ZAR calculator at the top of this page to convert any amount of NIM to ZAR. We've also included quick-reference tables for the most popular conversions. For example, 5 ZAR is equivalent to 530.45 NIM, while 5 NIM will cost around 0.04713ZAR.
What is the highest price of NIM/ZAR in history?
The all-time high price of 1 NIM in ZAR is R0.5722. It remains to be seen if the value of 1 NIM/ZAR will exceed the current all-time high.
What is the price trend of in ZAR?
Over the past 7 days, the exchange rate of Nimiq (NIM) has gone down by 9.86%.   Over the last month, the exchange rate of Nimiq (NIM) has gone down by 11.99% against South African rand (ZAR).

What factors influence the conversion rate of NIM to ZAR?

There are many factors that affect the relationship between Nimiq 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 NIM/ZAR. When there is positive news in the market about the widespread adoption of NIM or major technological breakthroughs, it tends to trigger market optimism and drive the rise of NIM/ZAR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in NIM/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 NIM/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 Nimiq 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 Nimiq currency pairs: NIM to US Dollar (USD), NIM to Euro (EUR), NIM to Pound Sterling (GBP), NIM to Canadian Dollar (CAD), NIM to Indian Rupee (INR), NIM to Pakistani Rupee (PKR), NIM to Brazilian Real (BRL), NIM to…
The price of Nimiq in the US is $0.0005717 USD. Additionally, Nimiq’s price is €0.0004913 EUR in the eurozone, £0.0004264 GBP in the UK, C$0.0007957 CAD in Canada, ₹0.05161 INR in India, ₨0.1601 PKR in Pakistan, R$0.003072 BRL in Brazil, and more.
The most popular Nimiq currency pair is the NIM to South African rand(ZAR). The price of 1 Nimiq (NIM) in South African rand (ZAR) is R0.009426.

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