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Exchange Rate Calculator
Convert between currencies and track historical exchange rates
Amount
2,164,628.13 ZAR
Exchange Rate
as of May 20, 2025 at 4:04 PM
1 ETH =
43,292.56 ZAR
Market analysis of ETH to ZAR currency exchange rates
Analysis as of April 2025
As of May 3, 2025, Ethereum (ETH) is trading at approximately R33,543.77 against the South African Rand (ZAR). This reflects a 6.04% increase over the past 24 hours. Over the past month, ETH has experienced a decline of approximately 14% against the ZAR.
Recent Performance
In the week leading up to April 23, 2025, ETH/ZAR exhibited notable volatility. On April 17, the pair was valued at R29,785.32, and by April 23, it had risen to R33,548.60, marking a 12.6% increase. This upward trend was followed by a 6.04% increase in the subsequent 24 hours, bringing the rate to R33,543.77.
Historical Context
Ethereum reached its all-time high against the South African Rand on November 16, 2021, trading at R91,350.32. Since then, the cryptocurrency has experienced significant fluctuations, influenced by global market trends, regulatory developments, and technological advancements within the Ethereum network.
Factors Influencing ETH/ZAR Exchange Rate
Several factors contribute to the volatility of the ETH/ZAR exchange rate:
Global Cryptocurrency Market Trends: Ethereum's value is closely tied to the broader cryptocurrency market. Bullish trends in the global market often lead to increased demand and higher prices for ETH.
Technological Developments: Upgrades and improvements to the Ethereum network, such as the transition to Ethereum 2.0, can impact investor confidence and, consequently, the exchange rate.
Regulatory Environment: Changes in cryptocurrency regulations, both globally and within South Africa, can influence market dynamics and investor behavior.
Macroeconomic Factors: Economic indicators, inflation rates, and monetary policies in South Africa can affect the strength of the ZAR, thereby impacting the ETH/ZAR exchange rate.
Conclusion
The ETH/ZAR exchange rate has demonstrated significant volatility over the past few months, influenced by a combination of global market trends, technological developments, regulatory changes, and macroeconomic factors. Investors should remain vigilant and consider these variables when making investment decisions involving Ethereum and the South African Rand.
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