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Mil to South African rand (MIL to ZAR)

MIL to ZAR Converter and calculator

MIL/ZAR: 1 MIL = 0.1371 ZAR. The price of converting 1 Mil (MIL) to South African rand (ZAR) is 0.1371 ZAR today.
MIL
MIL
ZAR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MIL to ZAR real-time exchange rates, making it easy to convert Mil (MIL) to South African rand (ZAR). The conversion result is based on real-time data. The conversion result shows that 1 MIL is currently valued at 0.1371 ZAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MIL is currently valued at 0.1371 ZAR, which means buying 5 MIL would cost 0.6854 ZAR. Similarly, R1 ZAR can be converted to 7.3 MIL, and R50 ZAR can be converted to 36.48 MIL, excluding any platform or gas fees.

Convert MIL to ZAR

Convert ZAR to MIL

Mil
South African rand
1 MIL
0.1371  ZAR
Exchange 1 MIL for 0.1371 ZAR
2 MIL
0.2742  ZAR
Exchange 2 MIL for 0.2742 ZAR
5 MIL
0.6854  ZAR
Exchange 5 MIL for 0.6854 ZAR
10 MIL
1.37  ZAR
Exchange 10 MIL for 1.37 ZAR
20 MIL
2.74  ZAR
Exchange 20 MIL for 2.74 ZAR
50 MIL
6.85  ZAR
Exchange 50 MIL for 6.85 ZAR
100 MIL
13.71  ZAR
Exchange 100 MIL for 13.71 ZAR
200 MIL
27.42  ZAR
Exchange 200 MIL for 27.42 ZAR
500 MIL
68.54  ZAR
Exchange 500 MIL for 68.54 ZAR
1000 MIL
137.08  ZAR
Exchange 1000 MIL for 137.08 ZAR
5000 MIL
685.39  ZAR
Exchange 5000 MIL for 685.39 ZAR
10000 MIL
1,370.78  ZAR
Exchange 10000 MIL for 1,370.78 ZAR
In the table above, you'll find a comprehensive MIL to ZAR converter that shows the value of Mil in South African rand across commonly used conversion amounts. The list covers conversions from 1 MIL to ZAR, all the way up to 10000 MIL, providing a clear view of their respective values.
South African rand
Mil
1 ZAR
7.3 MIL
Exchange 1 ZAR for 7.3 MIL
10 ZAR
72.95 MIL
Exchange 10 ZAR for 72.95 MIL
50 ZAR
364.76 MIL
Exchange 50 ZAR for 364.76 MIL
100 ZAR
729.51 MIL
Exchange 100 ZAR for 729.51 MIL
200 ZAR
1,459.03 MIL
Exchange 200 ZAR for 1,459.03 MIL
500 ZAR
3,647.56 MIL
Exchange 500 ZAR for 3,647.56 MIL
1000 ZAR
7,295.13 MIL
Exchange 1000 ZAR for 7,295.13 MIL
2000 ZAR
14,590.26 MIL
Exchange 2000 ZAR for 14,590.26 MIL
5000 ZAR
36,475.65 MIL
Exchange 5000 ZAR for 36,475.65 MIL
10000 ZAR
72,951.3 MIL
Exchange 10000 ZAR for 72,951.3 MIL
50000 ZAR
364,756.5 MIL
Exchange 50000 ZAR for 364,756.5 MIL
100000 ZAR
729,512.99 MIL
Exchange 100000 ZAR for 729,512.99 MIL
In the table above, you'll find a comprehensive ZAR to MIL converter that shows the value of South African rand in Mil across commonly used conversion amounts. The list covers conversions from 1 ZAR to MIL, all the way up to 100000 ZAR, providing a clear view of their respective values.

MIL to ZAR chart

MIL/ZAR: 1 MIL = 0.1371 ZAR; 2026/01/21 12:25:35
In the past 1D, Mil has changed -1.27% to ZAR. Based on the trend and price charts, Mil(MIL) has changed -1.27% to ZAR while South African rand(ZAR) has changed % to MIL in the last 24 hours.
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MIL to ZAR conversion data: Volatility and price changes of Mil in ZAR

The highest Mil price in ZAR over the past 7 days was 0.1477 ZAR while the lowest Mil price in ZAR over the past 7 days was 0.1157 ZAR. The relative change between the highs and lows in Mil price in ZAR over the last 7 days indicates a volatility of %. You can view additional volatility data and MIL 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
0.1421 ZAR
0.1477 ZAR
0.1477 ZAR
0.1477 ZAR
Low
0.1325 ZAR
0.1157 ZAR
0.1157 ZAR
0.1157 ZAR
Average
0 ZAR
0 ZAR
0 ZAR
0 ZAR
Volatility
%
%
%
%
Change
-1.27%
-1.81%
-2.19%
--

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

MIL to ZAR market statistics

MIL/ZAR:
R0.1371
MIL 24h volume:
R3,043,804.64
MIL market cap:
--
MIL circulating supply:
0 MIL

Current MIL to ZAR exchange rate

Mil to South African rand is rising this week.
Mil's current market price is R0.1371 per MIL, with a total market cap of R0 ZAR based on a circulating supply of -- MIL. The trading volume of Mil has changed by -8.46% (R-281,485.84 ZAR) in the last 24 hours. Last trading day, MIL's trading volume was R3,325,290.48.

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

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How to convert MIL to ZAR

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MIL to ZAR Conversion tables

The exchange rate of Mil is increasing.
The exchange rate of 1 MIL to South African rand has changed by -1.81% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.27%, reaching a high of 0.1421 ZAR and a low of 0.1325 ZAR . One month ago, the value of 1 MIL was R-0.00 ZAR , which represents a -2.19% change from its current value. Over the last year, Mil has changed by
+R
0.1379ZAR
, resulting in a change of 0.00% in its value.
24 hours ago1 month ago1 year ago
Amount 12:25 today 24 hours ago 24h change
0.5 MIL
R0.06854R0.06942
-1.27%
1 MIL
R0.1371R0.1388
-1.27%
5 MIL
R0.6854R0.6942
-1.27%
10 MIL
R1.37R1.39
-1.27%
50 MIL
R6.85R6.94
-1.27%
100 MIL
R13.71R13.88
-1.27%
500 MIL
R68.54R69.42
-1.27%
1000 MIL
R137.08R138.85
-1.27%

MIL to ZAR FAQ

How much is 1 Mil in ZAR?
Right now, the price of 1 Mil (MIL) in South African rand (ZAR) is R0.1371.
How much MIL can I buy for 1 ZAR?
Based on the current exchange rate, you can get 7.3 MIL for 1 ZAR.
How do I calculate or convert MIL to ZAR?
You can use our MIL to ZAR calculator at the top of this page to convert any amount of MIL to ZAR. We've also included quick-reference tables for the most popular conversions. For example, 5 ZAR is equivalent to 36.48 MIL, while 5 MIL will cost around 0.6854ZAR.
What is the highest price of MIL/ZAR in history?
The all-time high price of 1 MIL in ZAR is R0.1477. It remains to be seen if the value of 1 MIL/ZAR will exceed the current all-time high.
What is the price trend of Mil in ZAR?
Over the past 7 days, the exchange rate of Mil (MIL) has gone down by 1.81%.   Over the last month, the exchange rate of Mil (MIL) has gone down by 2.19% against South African rand (ZAR).

What factors influence the conversion rate of MIL to ZAR?

There are many factors that affect the relationship between Mil 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 MIL/ZAR. When there is positive news in the market about the widespread adoption of MIL or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MIL/ZAR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MIL/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 MIL/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 Mil 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 Mil currency pairs: MIL to US Dollar (USD), MIL to Euro (EUR), MIL to Pound Sterling (GBP), MIL to Canadian Dollar (CAD), MIL to Indian Rupee (INR), MIL to Pakistani Rupee (PKR), MIL to Brazilian Real (BRL), MIL to…
The price of Mil in the US is $0.008386 USD. Additionally, Mil’s price is €0.007162 EUR in the eurozone, £0.006254 GBP in the UK, C$0.01160 CAD in Canada, ₹0.7687 INR in India, ₨2.35 PKR in Pakistan, R$0.04508 BRL in Brazil, and more.
The most popular Mil currency pair is the MIL to South African rand(ZAR). The price of 1 Mil (MIL) in South African rand (ZAR) is R0.1371.

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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.
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