DCK to SAR Converter and calculator


Conversion rates
Convert DCK to SAR
Convert SAR to DCK
DCK to SAR chart
DCK to SAR conversion data: Volatility and price changes of DexCheck AI in SAR
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.03691 SAR | 0.03804 SAR | 0.04117 SAR | 0.07499 SAR |
Low | 0.03553 SAR | 0.03307 SAR | 0.02353 SAR | 0.02353 SAR |
Average | 0 SAR | 0 SAR | 0 SAR | 0 SAR |
Volatility | % | % | % | % |
Change | -4.94% | +0.03% | -13.30% | -47.66% |
DexCheck AI information
DCK to SAR market statistics
Current DCK to SAR exchange rate
DexCheck AI to Saudi Riyal is rising this week.More info about DexCheck AI on Bitget
Saudi Riyal information
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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DCK to SAR Conversion tables
Amount | 21:17 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 DCK | ر.س0.01779 | ر.س0.01871 | -4.94% |
1 DCK | ر.س0.03558 | ر.س0.03743 | -4.94% |
5 DCK | ر.س0.1779 | ر.س0.1871 | -4.94% |
10 DCK | ر.س0.3558 | ر.س0.3743 | -4.94% |
50 DCK | ر.س1.78 | ر.س1.87 | -4.94% |
100 DCK | ر.س3.56 | ر.س3.74 | -4.94% |
500 DCK | ر.س17.79 | ر.س18.71 | -4.94% |
1000 DCK | ر.س35.58 | ر.س37.43 | -4.94% |
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