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Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.52%
New listings on Bitget: Pi Network
BTC/USDT$78532.89 (-1.45%)Fear and Greed Index23(Extreme fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketBABY,PAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (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 share62.52%
New listings on Bitget: Pi Network
BTC/USDT$78532.89 (-1.45%)Fear and Greed Index23(Extreme fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketBABY,PAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
MVI
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 Metaverse Index(MVI) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 MVI at a value of 1 MVI for 46.49 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 Metaverse Index currency pair is the MVI to SAR, with for Metaverse Index's currency code being MVI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.
MVI to SAR conversion rate trend
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In the past 1D, Metaverse Index has changed -4.97% to SAR. Based on the trend and price charts, Metaverse Index(MVI) has changed -4.97% to SAR while Saudi Riyal(SAR) has changed % to MVI in the last 24 hours.
MVI to SAR market statistics
MVI/SAR:
ر.س 46.49
MVI 24h volume:
--
MVI market cap:
--
MVI circulating supply:
0 MVI
More info about Metaverse Index on Bitget
Current MVI to SAR exchange rate
Metaverse Index to Saudi Riyal is falling this week.Metaverse Index's current market price is ر.س 46.49 per MVI, with a total market cap of ر.س 0 SAR based on a circulating supply of -- MVI. The trading volume of Metaverse Index has changed by 0.00% (ر.س 0 SAR) in the last 24 hours. Last trading day, MVI's trading volume was ر.س 0.
MVI to SAR Conversion tables
The exchange rate of Metaverse Index is decreasing.1 MVI is currently valued at ر.س 46.49 SAR , which means buying 5 MVI will cost ر.س 232.44 SAR . Similarly, ر.س1 SAR can be traded for 0.02151 MVI, and ر.س50 SAR can be converted to 1.08 MVI, excluding any platform or gas fees.
The exchange rate of 1 MVI to Saudi Riyal has changed by -11.98% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.97%, reaching a high of 56.11 SAR and a low of 52.66 SAR . One month ago, the value of 1 MVI was ر.س 59.03 SAR , which represents a -19.24% change from its current value. Over the last year, Metaverse Index has changed by , resulting in a change of -68.42% in its value.
-ر.س
114.07SARMVI to SAR
Amount
20:19 today
0.5 MVI
ر.س23.24
1 MVI
ر.س46.49
5 MVI
ر.س232.44
10 MVI
ر.س464.87
50 MVI
ر.س2,324.35
100 MVI
ر.س4,648.7
500 MVI
ر.س23,243.51
1000 MVI
ر.س46,487.03
SAR to MVI
Amount20:19 today
0.5SAR0.01076 MVI
1SAR0.02151 MVI
5SAR0.1076 MVI
10SAR0.2151 MVI
50SAR1.08 MVI
100SAR2.15 MVI
500SAR10.76 MVI
1000SAR21.51 MVI
MVI to SAR Today vs. 24 hours ago
| Amount | 20:19 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 MVI | ر.س23.24 | ر.س24.62 | -4.97% |
| 1 MVI | ر.س46.49 | ر.س49.24 | -4.97% |
| 5 MVI | ر.س232.44 | ر.س246.2 | -4.97% |
| 10 MVI | ر.س464.87 | ر.س492.4 | -4.97% |
| 50 MVI | ر.س2,324.35 | ر.س2,462.02 | -4.97% |
| 100 MVI | ر.س4,648.7 | ر.س4,924.04 | -4.97% |
| 500 MVI | ر.س23,243.51 | ر.س24,620.22 | -4.97% |
| 1000 MVI | ر.س46,487.03 | ر.س49,240.43 | -4.97% |
MVI to SAR Today vs. 1 month ago
| Amount | 20:19 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 MVI | ر.س23.24 | ر.س29.52 | -19.24% |
| 1 MVI | ر.س46.49 | ر.س59.03 | -19.24% |
| 5 MVI | ر.س232.44 | ر.س295.16 | -19.24% |
| 10 MVI | ر.س464.87 | ر.س590.32 | -19.24% |
| 50 MVI | ر.س2,324.35 | ر.س2,951.6 | -19.24% |
| 100 MVI | ر.س4,648.7 | ر.س5,903.19 | -19.24% |
| 500 MVI | ر.س23,243.51 | ر.س29,515.97 | -19.24% |
| 1000 MVI | ر.س46,487.03 | ر.س59,031.94 | -19.24% |
MVI to SAR Today vs. 1 year ago
| Amount | 20:19 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 MVI | ر.س23.24 | ر.س80.28 | -68.42% |
| 1 MVI | ر.س46.49 | ر.س160.56 | -68.42% |
| 5 MVI | ر.س232.44 | ر.س802.8 | -68.42% |
| 10 MVI | ر.س464.87 | ر.س1,605.6 | -68.42% |
| 50 MVI | ر.س2,324.35 | ر.س8,028.01 | -68.42% |
| 100 MVI | ر.س4,648.7 | ر.س16,056.02 | -68.42% |
| 500 MVI | ر.س23,243.51 | ر.س80,280.11 | -68.42% |
| 1000 MVI | ر.س46,487.03 | ر.س160,560.22 | -68.42% |
How to convert MVI to SAR
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Verify your identity by entering your personal information and uploading a valid photo ID.
Convert MVI to SAR
Use a variety of payment options to buy Metaverse Index on Bitget. We'll show you how.
Buy MVI (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading does not currently support direct buying of MVI with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy MVI 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 MVI (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading currently does not support direct selling of MVI to SAR. However, you can first exchange MVI 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 MVI to SAR?
There are many factors that affect the relationship between Metaverse Index 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 MVI/SAR. When there is positive news in the market about the widespread adoption of MVI or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MVI/SAR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MVI/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 MVI/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 Metaverse Index and adjust their investment strategies accordingly in the evolving market.
Metaverse Index price prediction
What will the price of MVI be in 2026?
Based on MVI's historical price performance prediction model, the price of MVI is projected to reach $15.6 in 2026.
What will the price of MVI be in 2031?
In 2031, the MVI price is expected to change by +39.00%. By the end of 2031, the MVI price is projected to reach $43.43, with a cumulative ROI of +235.47%.
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Popular Metaverse Index Converter
Check out these popular currency conversions of Metaverse Index to several fiat currencies.
MVI to TWD
1 MVI to NT$ 408.7 TWD
MVI to CNY
1 MVI to ¥ 90.63 CNY
MVI to USD
1 MVI to $ 12.38 USD
MVI to EUR
1 MVI to € 11.32 EUR
MVI to CAD
1 MVI to $ 17.6 CAD
MVI to SAR
1 MVI to ر.س 46.49 SAR
MVI to KRW
1 MVI to ₩ 18,213.61 KRW
MVI to JPY
1 MVI to ¥ 1,830.95 JPY
MVI to GBP
1 MVI to £ 9.71 GBP
MVI to BRL
1 MVI to R$ 73.14 BRL
Popular cryptocurrencies to SAR
Explore other cryptocurrencies based on your interest in Metaverse Index.
BTC to SAR
1 BTC to ر.س 294,667.35 SAR
ETH to SAR
1 ETH to ر.س 5,839.35 SAR
XRP to SAR
1 XRP to ر.س 7.15 SAR
SOL to SAR
1 SOL to ر.س 399.49 SAR
DOGE to SAR
1 DOGE to ر.س 0.5545 SAR
BNB to SAR
1 BNB to ر.س 2,083.49 SAR
ADA to SAR
1 ADA to ر.س 2.18 SAR
SUI to SAR
1 SUI to ر.س 7.62 SAR
PEPE to SAR
1 PEPE to ر.س 0.{4}2442 SAR
LINK to SAR
1 LINK to ر.س 42.83 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 Metaverse Index 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 Metaverse Index 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 Metaverse Index 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.
