Bitget App
common_footer.down_desc
common_header.buy_cryptocommon_header.marketscommon_header.tradecommon_header.futurescommon_header.social_tradingcommon_header.grid_tradingcommon_header.earn
base info Independence Day (BSC)

calculator.detail.title

calculator.detail.title_des
INDEPENDENCE DAY
INDEPENDENCE DAY
swap
SAR
coin.update_time (UTC+0)calculator.common.refreshrefresh
widget.page_site
calculator.detail.computed_des

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.

coin.about_expand
calculator.fiat.text_2

calculator.detail.trend

1D7D1M3M1YAll
calculator.detail.trend_des

calculator.compare.title

calculator.compare.exchangecalculator.compare.pricecalculator.compare.maker_feecalculator.compare.tradable
Bitgethot-iconcalculator.compare.best
ر.س0.{8}2324
0.0200% / 0.0320%vip-iconcalculator.compare.vip
coin.update_time(UTC+0)

calculator.right.title

buy-coin-step-0-img
calculator.htb.step1_title
calculator.htb.step1_des
buy-coin-step-1-img
calculator.htb.step2_title
calculator.htb.step2_des
buy-coin-step-2-img
calculator.htb.step4_title
calculator.htb.step4_des

calculator.p2p.buy_title

calculator.p2p.buy_desc3
calculator.p2p.trade_and_ratecalculator.p2p.pricecalculator.p2p.amt_limit
calculator.p2p.low_to_high
calculator.p2p.pay_methods
calculator.p2p.fee_tips
calculator.p2p.action
calculator.p2p.no_data

calculator.p2p.sell_title

calculator.p2p.sell_desc4
calculator.p2p.trade_and_ratecalculator.p2p.pricecalculator.p2p.amt_limit
calculator.p2p.high_to_low
calculator.p2p.pay_methods
calculator.p2p.fee_tips
calculator.p2p.action
calculator.p2p.no_data

calculator.detail.affect_title

calculator.detail.affect_down
calculator.detail.affect_today
calculator.detail.affect_market
$0
calculator.detail.affect_valume
$62.08350671
calculator.detail.affect_supply
0 INDEPENDENCE DAY

calculator.detail.conversion_table

calculator.detail.conversion_down
calculator.detail.conversion_des1
calculator.detail.conversion_des2

coin.current_to_local

coin.amount
calculator.detail.time_
0.5 INDEPENDENCE DAY
ر.س0.{8}1162
1 INDEPENDENCE DAY
ر.س0.{8}2324
5 INDEPENDENCE DAY
ر.س0.{7}1162
10 INDEPENDENCE DAY
ر.س0.{7}2324
50 INDEPENDENCE DAY
ر.س0.{6}1162
100 INDEPENDENCE DAY
ر.س0.{6}2324
500 INDEPENDENCE DAY
ر.س0.{5}1162
1000 INDEPENDENCE DAY
ر.س0.{5}2324

coin.current_to_local

coin.amountcalculator.detail.time_
0.5SAR215,152,009.14  INDEPENDENCE DAY
1SAR430,304,018.29  INDEPENDENCE DAY
5SAR2,151,520,091.45  INDEPENDENCE DAY
10SAR4,303,040,182.9  INDEPENDENCE DAY
50SAR21,515,200,914.49  INDEPENDENCE DAY
100SAR43,030,401,828.98  INDEPENDENCE DAY
500SAR215,152,009,144.9  INDEPENDENCE DAY
1000SAR430,304,018,289.79  INDEPENDENCE DAY

calculator.detail.price_24

coin.amountcalculator.detail.time_calculator.detail.price_24_agocalculator.detail.price_24_change
0.5 INDEPENDENCE DAY$0.{9}3094$0.{9}3299
-6.63%
1 INDEPENDENCE DAY$0.{9}6188$0.{9}6597
-6.63%
5 INDEPENDENCE DAY$0.{8}3094$0.{8}3299
-6.63%
10 INDEPENDENCE DAY$0.{8}6188$0.{8}6597
-6.63%
50 INDEPENDENCE DAY$0.{7}3094$0.{7}3299
-6.63%
100 INDEPENDENCE DAY$0.{7}6188$0.{7}6597
-6.63%
500 INDEPENDENCE DAY$0.{6}3094$0.{6}3299
-6.63%
1000 INDEPENDENCE DAY$0.{6}6188$0.{6}6597
-6.63%

calculator.detail.price_month

coin.amountcalculator.detail.time_calculator.detail.price_month_agocalculator.detail.price_month_change
0.5 INDEPENDENCE DAY$0.{9}3094$0.{8}4409
-93.44%
1 INDEPENDENCE DAY$0.{9}6188$0.{8}8818
-93.44%
5 INDEPENDENCE DAY$0.{8}3094$0.{7}4409
-93.44%
10 INDEPENDENCE DAY$0.{8}6188$0.{7}8818
-93.44%
50 INDEPENDENCE DAY$0.{7}3094$0.{6}4409
-93.44%
100 INDEPENDENCE DAY$0.{7}6188$0.{6}8818
-93.44%
500 INDEPENDENCE DAY$0.{6}3094$0.{5}4409
-93.44%
1000 INDEPENDENCE DAY$0.{6}6188$0.{5}8818
-93.44%

calculator.detail.price_year

coin.amountcalculator.detail.time_calculator.detail.price_year_agocalculator.detail.price_year_change
0.5 INDEPENDENCE DAY$0.{9}3094$0.{10}2156
0.00%
1 INDEPENDENCE DAY$0.{9}6188$0.{10}4311
0.00%
5 INDEPENDENCE DAY$0.{8}3094$0.{9}2156
0.00%
10 INDEPENDENCE DAY$0.{8}6188$0.{9}4311
0.00%
50 INDEPENDENCE DAY$0.{7}3094$0.{8}2156
0.00%
100 INDEPENDENCE DAY$0.{7}6188$0.{8}4311
0.00%
500 INDEPENDENCE DAY$0.{6}3094$0.{7}2156
0.00%
1000 INDEPENDENCE DAY$0.{6}6188$0.{7}4311
0.00%

coin.prediction

coin.prediction_question

price_predict.text_introduce

coin.prediction_question

price_predict.prediction_content

calculator.earn.title

calculator.earn.des
calculator.earn.coin

calculator.earn.apr

calculator.earn.action

calculator.p2p.latest_coins_title

calculator.p2p.latest_coins_desc

faq.title

calculator.faq.question1

calculator.faq.answer1

calculator.faq.question2

calculator.faq.answer2

calculator.faq.question3

calculator.faq.answer3

calculator.faq.question4

calculator.faq.answer4

calculator.faq.question5

calculator.faq.answer5

calculator.faq.question6

calculator.faq.answer6
calculator.detail.disclaimers