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PAR to ZAR Converter and calculator

PAR/ZAR: 1 PAR = 42.88 ZAR. The price of converting 1 Parallel (PAR) to South African rand (ZAR) is 42.88 ZAR today.
PAR
PAR
ZAR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides PAR to ZAR real-time exchange rates, making it easy to convert Parallel (PAR) to South African rand (ZAR). The conversion result is based on real-time data. The conversion result shows that 1 PAR is currently valued at 42.88 ZAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 PAR is currently valued at 42.88 ZAR, which means buying 5 PAR would cost 214.39 ZAR. Similarly, R1 ZAR can be converted to 0.02332 PAR, and R50 ZAR can be converted to 0.1166 PAR, excluding any platform or gas fees.

Convert PAR to ZAR

Convert ZAR to PAR

Parallel
South African rand
100 PAR
4,287.84  ZAR
200 PAR
8,575.69  ZAR
500 PAR
21,439.21  ZAR
1000 PAR
42,878.43  ZAR
5000 PAR
214,392.14  ZAR
10000 PAR
428,784.29  ZAR
In the table above, you'll find a comprehensive PAR to ZAR converter that shows the value of Parallel in South African rand across commonly used conversion amounts. The list covers conversions from 1 PAR to ZAR, all the way up to 10000 PAR, providing a clear view of their respective values.
South African rand
Parallel
100000 ZAR
2,332.18 PAR
In the table above, you'll find a comprehensive ZAR to PAR converter that shows the value of South African rand in Parallel across commonly used conversion amounts. The list covers conversions from 1 ZAR to PAR, all the way up to 100000 ZAR, providing a clear view of their respective values.

PAR to ZAR chart

PAR/ZAR: 1 PAR = 42.88 ZAR; 2025/04/30 06:29:04
In the past 1D, Parallel has changed +102.90% to ZAR. Based on the trend and price charts, Parallel(PAR) has changed +102.90% to ZAR while South African rand(ZAR) has changed % to PAR in the last 24 hours.
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PAR to ZAR conversion data: Volatility and price changes of Parallel in ZAR

The highest Parallel price in ZAR over the past 7 days was 42.88 ZAR while the lowest Parallel price in ZAR over the past 7 days was 21.12 ZAR. The relative change between the highs and lows in Parallel price in ZAR over the last 7 days indicates a volatility of %. You can view additional volatility data and PAR 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
42.88 ZAR
42.88 ZAR
46.7 ZAR
46.7 ZAR
Low
21.13 ZAR
21.12 ZAR
14.86 ZAR
7.6 ZAR
Average
0 ZAR
0 ZAR
0 ZAR
0 ZAR
Volatility
%
%
%
%
Change
+102.90%
+102.94%
+189.24%
+458.55%

Parallel information

PAR to ZAR market statistics

PAR/ZAR:
R42.88
PAR 24h volume:
R272
PAR market cap:
--
PAR circulating supply:
0 PAR

Current PAR to ZAR exchange rate

Parallel to South African rand is rising this week.
Parallel's current market price is R42.88 per PAR, with a total market cap of R0 ZAR based on a circulating supply of -- PAR. The trading volume of Parallel has changed by -12.54% (R-39.00 ZAR) in the last 24 hours. Last trading day, PAR's trading volume was R310.99.

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

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How to convert PAR to ZAR

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PAR to ZAR Conversion tables

The exchange rate of Parallel is increasing.
The exchange rate of 1 PAR to South African rand has changed by +102.94% in the last 7 days. In the last 24 hours, the rate has fluctuated by +102.90%, reaching a high of 42.88 ZAR and a low of 21.13 ZAR . One month ago, the value of 1 PAR was R14.83 ZAR , which represents a +189.24% change from its current value. Over the last year, Parallel has changed by
+R
5.98ZAR
, resulting in a change of +133.43% in its value.
24 hours ago1 month ago1 year ago
Amount06:29 am today24 hours ago24h change
0.5 PARR21.44R10.57
+102.90%
1 PARR42.88R21.13
+102.90%
5 PARR214.39R105.67
+102.90%
10 PARR428.78R211.33
+102.90%
50 PARR2,143.92R1,056.66
+102.90%
100 PARR4,287.84R2,113.31
+102.90%
500 PARR21,439.21R10,566.55
+102.90%
1000 PARR42,878.43R21,133.1
+102.90%

PAR to ZAR FAQ

How much is 1 Parallel in ZAR?
Right now, the price of 1 Parallel (PAR) in South African rand (ZAR) is R42.88.
How much PAR can I buy for 1 ZAR?
Based on the current exchange rate, you can get 0.02332 PAR for 1 ZAR.
How do I calculate or convert PAR to ZAR?
You can use our PAR to ZAR calculator at the top of this page to convert any amount of PAR to ZAR. We've also included quick-reference tables for the most popular conversions. For example, 5 ZAR is equivalent to 0.1166 PAR, while 5 PAR will cost around 214.39ZAR.
What is the highest price of PAR/ZAR in history?
The all-time high price of 1 PAR in ZAR is R148.4. It remains to be seen if the value of 1 PAR/ZAR will exceed the current all-time high.
What is the price trend of Parallel in ZAR?
Over the past 7 days, the exchange rate of Parallel (PAR) has gone up by 102.94%.   Over the last month, the exchange rate of Parallel (PAR) has gone up by 189.24% against South African rand (ZAR).

What factors influence the conversion rate of PAR to ZAR?

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

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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.