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NMD to SAR Converter and calculator

NMD/SAR: 1 NMD = 29.01 SAR. The price of converting 1 Nexusmind (NMD) to Saudi Riyal (SAR) is 29.01 SAR today.
NMD
NMD
SAR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides NMD to SAR real-time exchange rates, making it easy to convert Nexusmind (NMD) to Saudi Riyal (SAR). The conversion result is based on real-time data. The conversion result shows that 1 NMD is currently valued at 29.01 SAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 NMD is currently valued at 29.01 SAR, which means buying 5 NMD would cost 145.07 SAR. Similarly, ر.س1 SAR can be converted to 0.03447 NMD, and ر.س50 SAR can be converted to 0.1723 NMD, excluding any platform or gas fees.

Convert NMD to SAR

Convert SAR to NMD

Nexusmind
Saudi Riyal
100 NMD
2,901.36  SAR
200 NMD
5,802.71  SAR
500 NMD
14,506.78  SAR
1000 NMD
29,013.56  SAR
5000 NMD
145,067.79  SAR
10000 NMD
290,135.58  SAR
In the table above, you'll find a comprehensive NMD to SAR converter that shows the value of Nexusmind in Saudi Riyal across commonly used conversion amounts. The list covers conversions from 1 NMD to SAR, all the way up to 10000 NMD, providing a clear view of their respective values.
Saudi Riyal
Nexusmind
100000 SAR
3,446.66 NMD
In the table above, you'll find a comprehensive SAR to NMD converter that shows the value of Saudi Riyal in Nexusmind across commonly used conversion amounts. The list covers conversions from 1 SAR to NMD, all the way up to 100000 SAR, providing a clear view of their respective values.

NMD to SAR chart

NMD/SAR: 1 NMD = 29.01 SAR; 2025/05/03 01:13:12
In the past 1D, Nexusmind has changed -0.39% to SAR. Based on the trend and price charts, Nexusmind(NMD) has changed -0.39% to SAR while Saudi Riyal(SAR) has changed % to NMD in the last 24 hours.
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NMD to SAR conversion data: Volatility and price changes of Nexusmind in SAR

The highest Nexusmind price in SAR over the past 7 days was 29.34 SAR while the lowest Nexusmind price in SAR over the past 7 days was 27.89 SAR. The relative change between the highs and lows in Nexusmind price in SAR over the last 7 days indicates a volatility of %. You can view additional volatility data and NMD to SAR prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
29.34 SAR
29.34 SAR
29.34 SAR
29.34 SAR
Low
28.92 SAR
27.89 SAR
22.37 SAR
11.54 SAR
Average
0 SAR
0 SAR
0 SAR
0 SAR
Volatility
%
%
%
%
Change
-0.39%
+1.87%
+16.38%
+91.12%

Nexusmind information

NMD to SAR market statistics

NMD/SAR:
ر.س29.01
NMD 24h volume:
ر.س164,284.68
NMD market cap:
ر.س297,316,439.18
NMD circulating supply:
10.25M NMD

Current NMD to SAR exchange rate

Nexusmind to Saudi Riyal is rising this week.
Nexusmind's current market price is ر.س29.01 per NMD, with a total market cap of ر.س297,316,439.18 SAR based on a circulating supply of 10,247,500 NMD. The trading volume of Nexusmind has changed by -9.19% (ر.س-16,635.42 SAR) in the last 24 hours. Last trading day, NMD's trading volume was ر.س180,920.11.

More info about Nexusmind 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.

Bitget crypto-to-fiat exchange data shows that the most popular Nexusmind currency pair is the NMD to SAR, with for Nexusmind's currency code being NMD. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.

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How to convert NMD to SAR

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NMD to SAR Conversion tables

The exchange rate of Nexusmind is increasing.
The exchange rate of 1 NMD to Saudi Riyal has changed by +1.87% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.39%, reaching a high of 29.34 SAR and a low of 28.92 SAR . One month ago, the value of 1 NMD was ر.س24.93 SAR , which represents a +16.38% change from its current value. Over the last year, Nexusmind has changed by
+ر.س
2.08SAR
, resulting in a change of +554.09% in its value.
24 hours ago1 month ago1 year ago
Amount01:13 am today24 hours ago24h change
0.5 NMDر.س14.51ر.س14.56
-0.39%
1 NMDر.س29.01ر.س29.13
-0.39%
5 NMDر.س145.07ر.س145.64
-0.39%
10 NMDر.س290.14ر.س291.29
-0.39%
50 NMDر.س1,450.68ر.س1,456.43
-0.39%
100 NMDر.س2,901.36ر.س2,912.86
-0.39%
500 NMDر.س14,506.78ر.س14,564.29
-0.39%
1000 NMDر.س29,013.56ر.س29,128.57
-0.39%

NMD to SAR FAQ

How much is 1 Nexusmind in SAR?
Right now, the price of 1 Nexusmind (NMD) in Saudi Riyal (SAR) is ر.س29.01.
How much NMD can I buy for 1 SAR?
Based on the current exchange rate, you can get 0.03447 NMD for 1 SAR.
How do I calculate or convert NMD to SAR?
You can use our NMD to SAR calculator at the top of this page to convert any amount of NMD to SAR. We've also included quick-reference tables for the most popular conversions. For example, 5 SAR is equivalent to 0.1723 NMD, while 5 NMD will cost around 145.07SAR.
What is the highest price of NMD/SAR in history?
The all-time high price of 1 NMD in SAR is ر.س43.58. It remains to be seen if the value of 1 NMD/SAR will exceed the current all-time high.
What is the price trend of Nexusmind in SAR?
Over the past 7 days, the exchange rate of Nexusmind (NMD) has gone up by 1.87%.   Over the last month, the exchange rate of Nexusmind (NMD) has gone up by 16.38% against Saudi Riyal (SAR).

What factors influence the conversion rate of NMD to SAR?

There are many factors that affect the relationship between Nexusmind 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 NMD/SAR. When there is positive news in the market about the widespread adoption of NMD or major technological breakthroughs, it tends to trigger market optimism and drive the rise of NMD/SAR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in NMD/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.
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 NMD/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 Nexusmind and adjust their investment strategies accordingly in the evolving market.

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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.