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Silo Finance to South African rand (SILO to ZAR)

SILO to ZAR Converter and calculator

SILO/ZAR: 1 SILO = 0.05334 ZAR. The price of converting 1 Silo Finance (SILO) to South African rand (ZAR) is 0.05334 ZAR today.
SILO
SILO
ZAR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides SILO to ZAR real-time exchange rates, making it easy to convert Silo Finance (SILO) to South African rand (ZAR). The conversion result is based on real-time data. The conversion result shows that 1 SILO is currently valued at 0.05334 ZAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 SILO is currently valued at 0.05334 ZAR, which means buying 5 SILO would cost 0.2667 ZAR. Similarly, R1 ZAR can be converted to 18.75 SILO, and R50 ZAR can be converted to 93.74 SILO, excluding any platform or gas fees.

Convert SILO to ZAR

Convert ZAR to SILO

Silo Finance
South African rand
1 SILO
0.05334  ZAR
Exchange 1 SILO for 0.05334 ZAR
2 SILO
0.1067  ZAR
Exchange 2 SILO for 0.1067 ZAR
5 SILO
0.2667  ZAR
Exchange 5 SILO for 0.2667 ZAR
10 SILO
0.5334  ZAR
Exchange 10 SILO for 0.5334 ZAR
20 SILO
1.07  ZAR
Exchange 20 SILO for 1.07 ZAR
50 SILO
2.67  ZAR
Exchange 50 SILO for 2.67 ZAR
100 SILO
5.33  ZAR
Exchange 100 SILO for 5.33 ZAR
200 SILO
10.67  ZAR
Exchange 200 SILO for 10.67 ZAR
500 SILO
26.67  ZAR
Exchange 500 SILO for 26.67 ZAR
1000 SILO
53.34  ZAR
Exchange 1000 SILO for 53.34 ZAR
5000 SILO
266.69  ZAR
Exchange 5000 SILO for 266.69 ZAR
10000 SILO
533.37  ZAR
Exchange 10000 SILO for 533.37 ZAR
In the table above, you'll find a comprehensive SILO to ZAR converter that shows the value of Silo Finance in South African rand across commonly used conversion amounts. The list covers conversions from 1 SILO to ZAR, all the way up to 10000 SILO, providing a clear view of their respective values.
South African rand
Silo Finance
1 ZAR
18.75 SILO
Exchange 1 ZAR for 18.75 SILO
10 ZAR
187.49 SILO
Exchange 10 ZAR for 187.49 SILO
50 ZAR
937.43 SILO
Exchange 50 ZAR for 937.43 SILO
100 ZAR
1,874.86 SILO
Exchange 100 ZAR for 1,874.86 SILO
200 ZAR
3,749.72 SILO
Exchange 200 ZAR for 3,749.72 SILO
500 ZAR
9,374.3 SILO
Exchange 500 ZAR for 9,374.3 SILO
1000 ZAR
18,748.6 SILO
Exchange 1000 ZAR for 18,748.6 SILO
2000 ZAR
37,497.19 SILO
Exchange 2000 ZAR for 37,497.19 SILO
5000 ZAR
93,742.98 SILO
Exchange 5000 ZAR for 93,742.98 SILO
10000 ZAR
187,485.96 SILO
Exchange 10000 ZAR for 187,485.96 SILO
50000 ZAR
937,429.81 SILO
Exchange 50000 ZAR for 937,429.81 SILO
100000 ZAR
1,874,859.62 SILO
Exchange 100000 ZAR for 1,874,859.62 SILO
In the table above, you'll find a comprehensive ZAR to SILO converter that shows the value of South African rand in Silo Finance across commonly used conversion amounts. The list covers conversions from 1 ZAR to SILO, all the way up to 100000 ZAR, providing a clear view of their respective values.

SILO to ZAR chart

SILO/ZAR: 1 SILO = 0.05334 ZAR; 2026/02/21 17:46:54
In the past 1D, Silo Finance has changed +0.79% to ZAR. Based on the trend and price charts, Silo Finance(SILO) has changed +0.79% to ZAR while South African rand(ZAR) has changed % to SILO in the last 24 hours.
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SILO to ZAR conversion data: Volatility and price changes of in ZAR

The highest price in ZAR over the past 7 days was 0.05461 ZAR while the lowest price in ZAR over the past 7 days was 0.05232 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 SILO 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
0.05340 ZAR
0.05461 ZAR
0.1198 ZAR
0.1692 ZAR
Low
0.05256 ZAR
0.05232 ZAR
0.05049 ZAR
0.05049 ZAR
Average
0 ZAR
0 ZAR
0 ZAR
0 ZAR
Volatility
%
%
%
%
Change
+0.79%
-1.95%
-50.92%
-67.99%

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Buy SILO (or USDT) for ZAR (South African Rand) offers
Bitget P2P trading does not currently support direct buying of SILO with ZAR. However, you can buy USDT in Bitget P2P trading first, and then buy SILO with USDT via Bitget spot market.
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Silo Finance information

SILO to ZAR market statistics

SILO/ZAR:
R0.05334
SILO 24h volume:
R52,449.93
SILO market cap:
--
SILO circulating supply:
0 SILO

Current SILO to ZAR exchange rate

Silo Finance to South African rand is falling this week.
Silo Finance's current market price is R0.05334 per SILO, with a total market cap of R0 ZAR based on a circulating supply of -- SILO. The trading volume of Silo Finance has changed by +13.01% (R6,037.51 ZAR) in the last 24 hours. Last trading day, SILO's trading volume was R46,412.41.

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

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SILO to ZAR Conversion tables

The exchange rate of Silo Finance is decreasing.
The exchange rate of 1 SILO to South African rand has changed by -1.95% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.79%, reaching a high of 0.05340 ZAR and a low of 0.05256 ZAR . One month ago, the value of 1 SILO was R0.1087 ZAR , which represents a -50.92% change from its current value. Over the last year, Silo Finance has changed by
-R
0.9477ZAR
, resulting in a change of -94.67% in its value.
24 hours ago1 month ago1 year ago
Amount 17:46 today 24 hours ago 24h change
0.5 SILO
R0.02667R0.02646
+0.79%
1 SILO
R0.05334R0.05292
+0.79%
5 SILO
R0.2667R0.2646
+0.79%
10 SILO
R0.5334R0.5292
+0.79%
50 SILO
R2.67R2.65
+0.79%
100 SILO
R5.33R5.29
+0.79%
500 SILO
R26.67R26.46
+0.79%
1000 SILO
R53.34R52.92
+0.79%

SILO to ZAR FAQ

How much is 1 Silo Finance in ZAR?
Right now, the price of 1 Silo Finance (SILO) in South African rand (ZAR) is R0.05334.
How much SILO can I buy for 1 ZAR?
Based on the current exchange rate, you can get 18.75 SILO for 1 ZAR.
How do I calculate or convert SILO to ZAR?
You can use our SILO to ZAR calculator at the top of this page to convert any amount of SILO to ZAR. We've also included quick-reference tables for the most popular conversions. For example, 5 ZAR is equivalent to 93.74 SILO, while 5 SILO will cost around 0.2667ZAR.
What is the highest price of SILO/ZAR in history?
The all-time high price of 1 SILO in ZAR is R15.4. It remains to be seen if the value of 1 SILO/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 Silo Finance (SILO) has gone down by 1.95%.   Over the last month, the exchange rate of Silo Finance (SILO) has gone down by 50.92% against South African rand (ZAR).

What factors influence the conversion rate of SILO to ZAR?

There are many factors that affect the relationship between Silo Finance 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 SILO/ZAR. When there is positive news in the market about the widespread adoption of SILO or major technological breakthroughs, it tends to trigger market optimism and drive the rise of SILO/ZAR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in SILO/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 SILO/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 Silo Finance 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 Silo Finance currency pairs: SILO to US Dollar (USD), SILO to Euro (EUR), SILO to Pound Sterling (GBP), SILO to Canadian Dollar (CAD), SILO to Indian Rupee (INR), SILO to Pakistani Rupee (PKR), SILO to Brazilian Real (BRL), SILO to…
The price of Silo Finance in the US is $0.003325 USD. Additionally, Silo Finance’s price is €0.002822 EUR in the eurozone, £0.002467 GBP in the UK, C$0.004551 CAD in Canada, ₹0.3017 INR in India, ₨0.9273 PKR in Pakistan, R$0.01722 BRL in Brazil, and more.
The most popular Silo Finance currency pair is the SILO to South African rand(ZAR). The price of 1 Silo Finance (SILO) in South African rand (ZAR) is R0.05334.

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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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