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Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.54%
New listings on Bitget: Pi Network
BTC/USDT$79743.77 (+4.17%)Fear and Greed Index24(Extreme fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketBABY,PAWS,WCTTotal spot Bitcoin ETF netflow -$103.9M (1D); -$362.1M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.54%
New listings on Bitget: Pi Network
BTC/USDT$79743.77 (+4.17%)Fear and Greed Index24(Extreme fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketBABY,PAWS,WCTTotal spot Bitcoin ETF netflow -$103.9M (1D); -$362.1M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
MENGO
SAR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of Flamengo Fan Token(MENGO) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 MENGO at a value of 1 MENGO for 0.24 SAR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
SAR 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.
Bitget crypto-to-fiat exchange data shows that the most popular Flamengo Fan Token currency pair is the MENGO to SAR, with for Flamengo Fan Token's currency code being MENGO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.
MENGO to SAR conversion rate trend
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In the past 1D, Flamengo Fan Token has changed +3.07% to SAR. Based on the trend and price charts, Flamengo Fan Token(MENGO) has changed +3.07% to SAR while Saudi Riyal(SAR) has changed % to MENGO in the last 24 hours.
MENGO to SAR market statistics
MENGO/SAR:
ر.س 0.2448
MENGO 24h volume:
ر.س 497,887.08
MENGO market cap:
ر.س 2,904,670.29
MENGO circulating supply:
11.86M MENGO
More info about Flamengo Fan Token on Bitget
Current MENGO to SAR exchange rate
Flamengo Fan Token to Saudi Riyal is falling this week.Flamengo Fan Token's current market price is ر.س 0.2448 per MENGO, with a total market cap of ر.س 2,904,670.29 SAR based on a circulating supply of 11,863,488 MENGO. The trading volume of Flamengo Fan Token has changed by -31.07% (ر.س -224,381.36 SAR) in the last 24 hours. Last trading day, MENGO's trading volume was ر.س 722,268.44.
MENGO to SAR Conversion tables
The exchange rate of Flamengo Fan Token is decreasing.1 MENGO is currently valued at ر.س 0.2448 SAR , which means buying 5 MENGO will cost ر.س 1.22 SAR . Similarly, ر.س1 SAR can be traded for 4.08 MENGO, and ر.س50 SAR can be converted to 204.21 MENGO, excluding any platform or gas fees.
The exchange rate of 1 MENGO to Saudi Riyal has changed by -31.17% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.07%, reaching a high of 0.2578 SAR and a low of 0.2345 SAR . One month ago, the value of 1 MENGO was ر.س 0.3864 SAR , which represents a -36.60% change from its current value. Over the last year, Flamengo Fan Token has changed by , resulting in a change of -90.35% in its value.
-ر.س
2.3SARMENGO to SAR
Amount
11:50 am today
0.5 MENGO
ر.س0.1224
1 MENGO
ر.س0.2448
5 MENGO
ر.س1.22
10 MENGO
ر.س2.45
50 MENGO
ر.س12.24
100 MENGO
ر.س24.48
500 MENGO
ر.س122.42
1000 MENGO
ر.س244.84
SAR to MENGO
Amount11:50 am today
0.5SAR2.04 MENGO
1SAR4.08 MENGO
5SAR20.42 MENGO
10SAR40.84 MENGO
50SAR204.21 MENGO
100SAR408.43 MENGO
500SAR2,042.14 MENGO
1000SAR4,084.28 MENGO
MENGO to SAR Today vs. 24 hours ago
| Amount | 11:50 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 MENGO | ر.س0.1224 | ر.س0.1188 | +3.07% |
| 1 MENGO | ر.س0.2448 | ر.س0.2375 | +3.07% |
| 5 MENGO | ر.س1.22 | ر.س1.19 | +3.07% |
| 10 MENGO | ر.س2.45 | ر.س2.38 | +3.07% |
| 50 MENGO | ر.س12.24 | ر.س11.88 | +3.07% |
| 100 MENGO | ر.س24.48 | ر.س23.75 | +3.07% |
| 500 MENGO | ر.س122.42 | ر.س118.77 | +3.07% |
| 1000 MENGO | ر.س244.84 | ر.س237.54 | +3.07% |
MENGO to SAR Today vs. 1 month ago
| Amount | 11:50 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 MENGO | ر.س0.1224 | ر.س0.1932 | -36.60% |
| 1 MENGO | ر.س0.2448 | ر.س0.3864 | -36.60% |
| 5 MENGO | ر.س1.22 | ر.س1.93 | -36.60% |
| 10 MENGO | ر.س2.45 | ر.س3.86 | -36.60% |
| 50 MENGO | ر.س12.24 | ر.س19.32 | -36.60% |
| 100 MENGO | ر.س24.48 | ر.س38.64 | -36.60% |
| 500 MENGO | ر.س122.42 | ر.س193.2 | -36.60% |
| 1000 MENGO | ر.س244.84 | ر.س386.4 | -36.60% |
MENGO to SAR Today vs. 1 year ago
| Amount | 11:50 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 MENGO | ر.س0.1224 | ر.س1.27 | -90.35% |
| 1 MENGO | ر.س0.2448 | ر.س2.54 | -90.35% |
| 5 MENGO | ر.س1.22 | ر.س12.71 | -90.35% |
| 10 MENGO | ر.س2.45 | ر.س25.41 | -90.35% |
| 50 MENGO | ر.س12.24 | ر.س127.07 | -90.35% |
| 100 MENGO | ر.س24.48 | ر.س254.14 | -90.35% |
| 500 MENGO | ر.س122.42 | ر.س1,270.71 | -90.35% |
| 1000 MENGO | ر.س244.84 | ر.س2,541.42 | -90.35% |
How to convert MENGO to SAR
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Convert MENGO to SAR
Use a variety of payment options to buy Flamengo Fan Token on Bitget. We'll show you how.
Learn MoreBuy MENGO (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading does not currently support direct buying of MENGO with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy MENGO with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
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Sell MENGO (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading currently does not support direct selling of MENGO to SAR. However, you can first exchange MENGO for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
|---|
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What factors influence the conversion rate of MENGO to SAR?
There are many factors that affect the relationship between Flamengo Fan Token and Saudi Riyal, 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 MENGO/SAR. When there is positive news in the market about the widespread adoption of MENGO or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MENGO/SAR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MENGO/SAR.
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.
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 MENGO/SAR. 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 Flamengo Fan Token and adjust their investment strategies accordingly in the evolving market.
Flamengo Fan Token price prediction
What will the price of MENGO be in 2026?
Based on MENGO's historical price performance prediction model, the price of MENGO is projected to reach $0.09596 in 2026.
What will the price of MENGO be in 2031?
In 2031, the MENGO price is expected to change by +47.00%. By the end of 2031, the MENGO price is projected to reach $0.1434, with a cumulative ROI of +117.40%.
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Popular Flamengo Fan Token Converter
Check out these popular currency conversions of Flamengo Fan Token to several fiat currencies.
MENGO to TWD
1 MENGO to NT$ 2.15 TWD
MENGO to CNY
1 MENGO to ¥ 0.4784 CNY
MENGO to USD
1 MENGO to $ 0.06523 USD
MENGO to EUR
1 MENGO to € 0.05964 EUR
MENGO to CAD
1 MENGO to $ 0.09256 CAD
MENGO to SAR
1 MENGO to ر.س 0.2448 SAR
MENGO to KRW
1 MENGO to ₩ 96.66 KRW
MENGO to JPY
1 MENGO to ¥ 9.58 JPY
MENGO to GBP
1 MENGO to £ 0.05110 GBP
MENGO to BRL
1 MENGO to R$ 0.3856 BRL
Popular cryptocurrencies to SAR
Explore other cryptocurrencies based on your interest in Flamengo Fan Token.
MLK to SAR
1 MLK to ر.س 0.6240 SAR
EDU to SAR
1 EDU to ر.س 0.5038 SAR
BETA to SAR
1 BETA to ر.س 0.02644 SAR
TROY to SAR
1 TROY to ر.س 0.001653 SAR
CREAM to SAR
1 CREAM to ر.س 6.25 SAR
NULS to SAR
1 NULS to ر.س 0.1633 SAR
VIDT to SAR
1 VIDT to ر.س 0.04904 SAR
PROS to SAR
1 PROS to ر.س 0.3963 SAR
FIRO to SAR
1 FIRO to ر.س 1.3 SAR
AQT to SAR
1 AQT to ر.س 4.77 SAR
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FAQ
What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Flamengo Fan Token and SAR.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Flamengo Fan Token and SAR. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Flamengo Fan Token in SAR, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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.
