MDF
SAR
Last updated 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 MatrixETF(MDF) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 MDF at a value of 1 MDF for 0.00 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 MatrixETF currency pair is the MDF to SAR, with for MatrixETF's currency code being MDF. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.
MDF to SAR conversion rate trend
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In the past 1D, MatrixETF has changed +0.00% to SAR. Based on the trend and price charts, MatrixETF(MDF) has changed +0.00% to SAR while Saudi Riyal(SAR) has changed % to MDF in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | ر.س0.002422 | 0.0200% / 0.0320%  VIP 7 | |
Gate.io | ر.س0.002510 | 0.1000% / 0.1000% | Yes |
Last updated 2024/11/15 00:00:18(UTC+0)
How to buy MatrixETF
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
Buy MatrixETF (MDF)
Use a variety of payment options to buy MatrixETF on Bitget. We'll show you how.
Buy MDF (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading does not currently support direct buying of MDF with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy MDF 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 MDF (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading currently does not support direct selling of MDF to SAR. However, you can first exchange MDF 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 MatrixETF to Saudi Riyal?
MatrixETF to Saudi Riyal is falling this week.MatrixETF's current market price is ر.س 0.002423 per MDF, with a total market cap of ر.س 0 SAR based on a circulating supply of -- MDF. The trading volume of MatrixETF has changed by -71.16% (ر.س -3,612.00 SAR) in the last 24 hours. Last trading day, MDF's trading volume was ر.س 5,075.58.
Market cap
$0
24h volume
$389.66393829
Circulating supply
0 MDF
Conversion tables
The exchange rate of MatrixETF is decreasing.1 MDF is currently valued at ر.س 0.002423 SAR , which means buying 5 MDF will cost ر.س 0.01211 SAR . Similarly, ر.س1 SAR can be traded for 412.79 MDF, and ر.س50 SAR can be converted to 20,639.61 MDF, excluding any platform or gas fees.
The exchange rate of 1 MDF to Saudi Riyal has changed by -12.76% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.00%, reaching a high of 0.002667 SAR and a low of 0.002319 SAR . One month ago, the value of 1 MDF was ر.س 0.002528 SAR , which represents a -4.19% change from its current value. Over the last year, MatrixETF has changed by , resulting in a change of +12.60% in its value.
+ر.س
0.0002710SARMDF to SAR
Amount
01:20 am today
0.5 MDF
ر.س0.001211
1 MDF
ر.س0.002423
5 MDF
ر.س0.01211
10 MDF
ر.س0.02423
50 MDF
ر.س0.1211
100 MDF
ر.س0.2423
500 MDF
ر.س1.21
1000 MDF
ر.س2.42
SAR to MDF
Amount01:20 am today
0.5SAR206.4 MDF
1SAR412.79 MDF
5SAR2,063.96 MDF
10SAR4,127.92 MDF
50SAR20,639.61 MDF
100SAR41,279.21 MDF
500SAR206,396.06 MDF
1000SAR412,792.12 MDF
Today vs. 24 hours ago
| Amount | 01:20 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 MDF | $0.0003225 | $0.0003225 | +0.00% |
| 1 MDF | $0.0006450 | $0.0006450 | +0.00% |
| 5 MDF | $0.003225 | $0.003225 | +0.00% |
| 10 MDF | $0.006450 | $0.006450 | +0.00% |
| 50 MDF | $0.03225 | $0.03225 | +0.00% |
| 100 MDF | $0.06450 | $0.06450 | +0.00% |
| 500 MDF | $0.3225 | $0.3225 | +0.00% |
| 1000 MDF | $0.6450 | $0.6450 | +0.00% |
Today vs. 1 month ago
| Amount | 01:20 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 MDF | $0.0003225 | $0.0003366 | -4.19% |
| 1 MDF | $0.0006450 | $0.0006732 | -4.19% |
| 5 MDF | $0.003225 | $0.003366 | -4.19% |
| 10 MDF | $0.006450 | $0.006732 | -4.19% |
| 50 MDF | $0.03225 | $0.03366 | -4.19% |
| 100 MDF | $0.06450 | $0.06732 | -4.19% |
| 500 MDF | $0.3225 | $0.3366 | -4.19% |
| 1000 MDF | $0.6450 | $0.6732 | -4.19% |
Today vs. 1 year ago
| Amount | 01:20 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 MDF | $0.0003225 | $0.0002864 | +12.60% |
| 1 MDF | $0.0006450 | $0.0005728 | +12.60% |
| 5 MDF | $0.003225 | $0.002864 | +12.60% |
| 10 MDF | $0.006450 | $0.005728 | +12.60% |
| 50 MDF | $0.03225 | $0.02864 | +12.60% |
| 100 MDF | $0.06450 | $0.05728 | +12.60% |
| 500 MDF | $0.3225 | $0.2864 | +12.60% |
| 1000 MDF | $0.6450 | $0.5728 | +12.60% |
MatrixETF price prediction
What will the price of MDF be in 2025?
Based on MDF's historical price performance prediction model, the price of MDF is projected to reach $0.0001314 in 2025.
What will the price of MDF be in 2030?
In 2030, the MDF price is expected to change by +8.00%. By the end of 2030, the MDF price is projected to reach $0.0001695, with a cumulative ROI of -79.09%.
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Popular MatrixETF conversions
Check out these popular currency conversions of MatrixETF to several fiat currencies.
MatrixETF to USD
1 MDF to $ 0.0006450 USD
MatrixETF to GBP
1 MDF to £ 0.0005093 GBP
MatrixETF to EUR
1 MDF to € 0.0006124 EUR
MatrixETF to KRW
1 MDF to ₩ 0.9077 KRW
MatrixETF to CAD
1 MDF to $ 0.0009071 CAD
MatrixETF to AUD
1 MDF to $ 0.001000 AUD
MatrixETF to JPY
1 MDF to ¥ 0.1010 JPY
MatrixETF to BRL
1 MDF to R$ 0.003733 BRL
MatrixETF to CNY
1 MDF to ¥ 0.004674 CNY
MatrixETF to TWD
1 MDF to NT$ 0.02104 TWD
Popular cryptocurrencies to SAR
Explore other cryptocurrencies based on your interest in MatrixETF.
EGO to SAR
1 EGO to ر.س 0.08159 SAR
Credefi to SAR
1 CREDI to ر.س 0.05611 SAR
XODEX to SAR
1 XODEX to ر.س 0.001206 SAR
Peanut the Squirrel to SAR
1 PNUT to ر.س 6.15 SAR
dogwifhat to SAR
1 WIF to ر.س 13.01 SAR
Pepe to SAR
1 PEPE to ر.س 0.{4}7698 SAR
Mog Coin to SAR
1 MOG to ر.س 0.{5}8974 SAR
Bitcoin to SAR
1 BTC to ر.س 330,463.02 SAR
Popcat (SOL) to SAR
1 POPCAT to ر.س 6.14 SAR
SolarX to SAR
1 SXCH to ر.س 0.07830 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 MatrixETF 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 MatrixETF 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 MatrixETF 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.
