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base info Convergence

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CONV
CONV
swap
SAR
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calculator.fiat.title

About Saudi Riyal (SAR)

The Saudi Riyal (SAR), introduced in 1925, is not just the official currency of Saudi Arabia; it is a symbol of the nation's economic prosperity and cultural heritage. It is commonly abbreviated as SAR and represented by the symbol ر.س. Emerging alongside the founding of Saudi Arabia, the Riyal reflects the country's transformation from a desert kingdom to a global oil powerhouse.

Historical Background

The establishment of the Saudi Riyal was a key step in consolidating the economic foundations of the newly formed Kingdom of Saudi Arabia. Replacing the Hejaz Riyal and other regional currencies, the Saudi Riyal marked the unification of the Kingdom's monetary system, mirroring its political consolidation under King Abdulaziz Al Saud.

Design and Symbolism

The design of the Saudi Riyal combines elements of Saudi Arabia's rich history and Islamic heritage. Banknotes and coins feature intricate Islamic art, images of the King, and landmarks such as the Kaaba in Mecca and the Kingdom Centre in Riyadh. These designs do more than facilitate transactions; they are a celebration of Saudi identity and pride.

Economic Role

The Riyal is central to Saudi Arabia’s economy, underpinned by the country's vast oil reserves. As the medium of exchange, it supports the oil sector, which dominates the economy, and facilitates other key sectors like construction, finance, and tourism. The Riyal’s stability is crucial for the country's economic health and its role in global energy markets.

Monetary Policy and Stability

Managed by the Saudi Arabian Monetary Authority (SAMA), the Riyal is pegged to the US Dollar, reflecting the longstanding economic relationship between Saudi Arabia and the United States, particularly in the oil sector. This peg provides stability to the Riyal, but it also ties its fortunes to the fluctuations of the US economy and dollar.

International Trade and the Saudi Riyal

In international trade, the stability of the Riyal, especially given its peg to the US Dollar, is crucial for Saudi Arabia's oil exports. A stable Riyal is vital for maintaining competitive oil prices in global markets and for the country's extensive import needs.

Remittances and Economic Impact

Remittances from expatriates working in Saudi Arabia, particularly in the oil, construction, and service sectors, are significant. While these remittances involve substantial outflows of Riyals, they also reflect the country's role as a major employer in the region.

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1D7D1M3M1YAll
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calculator.compare.title

calculator.compare.exchangecalculator.compare.pricecalculator.compare.maker_feecalculator.compare.tradable
Bitgethot-iconcalculator.compare.best
ر.س0.0003483
0.0200% / 0.0320%vip-iconcalculator.compare.vip
OKX
ر.س0.0003906
0.080% / 0.100%
calculator.compare.yes
Gate.io
ر.س0.0003530
0.1000% / 0.1000%
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$364.52K
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$90.52K
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3.93B CONV

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0.5 CONV
ر.س0.0001742
1 CONV
ر.س0.0003483
5 CONV
ر.س0.001742
10 CONV
ر.س0.003483
50 CONV
ر.س0.01742
100 CONV
ر.س0.03483
500 CONV
ر.س0.1742
1000 CONV
ر.س0.3483

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coin.amountcalculator.detail.time_
0.5SAR1,435.46  CONV
1SAR2,870.92  CONV
5SAR14,354.62  CONV
10SAR28,709.24  CONV
50SAR143,546.2  CONV
100SAR287,092.4  CONV
500SAR1,435,461.98  CONV
1000SAR2,870,923.95  CONV

calculator.detail.price_24

coin.amountcalculator.detail.time_calculator.detail.price_24_agocalculator.detail.price_24_change
0.5 CONV$0.{4}4637$0.{4}5001
-7.25%
1 CONV$0.{4}9275$0.0001000
-7.25%
5 CONV$0.0004637$0.0005001
-7.25%
10 CONV$0.0009275$0.001000
-7.25%
50 CONV$0.004637$0.005001
-7.25%
100 CONV$0.009275$0.01000
-7.25%
500 CONV$0.04637$0.05001
-7.25%
1000 CONV$0.09275$0.1000
-7.25%

calculator.detail.price_month

coin.amountcalculator.detail.time_calculator.detail.price_month_agocalculator.detail.price_month_change
0.5 CONV$0.{4}4637$0.{4}6250
-25.76%
1 CONV$0.{4}9275$0.0001250
-25.76%
5 CONV$0.0004637$0.0006250
-25.76%
10 CONV$0.0009275$0.001250
-25.76%
50 CONV$0.004637$0.006250
-25.76%
100 CONV$0.009275$0.01250
-25.76%
500 CONV$0.04637$0.06250
-25.76%
1000 CONV$0.09275$0.1250
-25.76%

calculator.detail.price_year

coin.amountcalculator.detail.time_calculator.detail.price_year_agocalculator.detail.price_year_change
0.5 CONV$0.{4}4637$0.0002561
-81.85%
1 CONV$0.{4}9275$0.0005121
-81.85%
5 CONV$0.0004637$0.002561
-81.85%
10 CONV$0.0009275$0.005121
-81.85%
50 CONV$0.004637$0.02561
-81.85%
100 CONV$0.009275$0.05121
-81.85%
500 CONV$0.04637$0.2561
-81.85%
1000 CONV$0.09275$0.5121
-81.85%

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