Bitget: Ranked top 4 in global daily trading volume!
BTC market share61.64%
New listings on Bitget: Pi Network
BTC/USDT$85061.08 (+2.12%)Fear and Greed Index34(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$60.6M (1D); +$218.9M (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 share61.64%
New listings on Bitget: Pi Network
BTC/USDT$85061.08 (+2.12%)Fear and Greed Index34(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$60.6M (1D); +$218.9M (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 share61.64%
New listings on Bitget: Pi Network
BTC/USDT$85061.08 (+2.12%)Fear and Greed Index34(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$60.6M (1D); +$218.9M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
PRQ
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 PARSIQ(PRQ) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 PRQ at a value of 1 PRQ for 0.28 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 PARSIQ currency pair is the PRQ to SAR, with for PARSIQ's currency code being PRQ. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.
PRQ to SAR conversion rate trend
1D7D1M3M1YAll
In the past 1D, PARSIQ has changed +0.93% to SAR. Based on the trend and price charts, PARSIQ(PRQ) has changed +0.93% to SAR while Saudi Riyal(SAR) has changed % to PRQ in the last 24 hours.
PRQ to SAR market statistics
PRQ/SAR:
ر.س 0.2759
PRQ 24h volume:
ر.س 4,890,174.08
PRQ market cap:
ر.س 85,600,148.32
PRQ circulating supply:
310.26M PRQ
More info about PARSIQ on Bitget
Current PRQ to SAR exchange rate
PARSIQ to Saudi Riyal is falling this week.PARSIQ's current market price is ر.س 0.2759 per PRQ, with a total market cap of ر.س 85,600,148.32 SAR based on a circulating supply of 310,256,860 PRQ. The trading volume of PARSIQ has changed by -12.53% (ر.س -700,302.19 SAR) in the last 24 hours. Last trading day, PRQ's trading volume was ر.س 5,590,476.27.
PRQ to SAR Conversion tables
The exchange rate of PARSIQ is decreasing.1 PRQ is currently valued at ر.س 0.2759 SAR , which means buying 5 PRQ will cost ر.س 1.38 SAR . Similarly, ر.س1 SAR can be traded for 3.62 PRQ, and ر.س50 SAR can be converted to 181.22 PRQ, excluding any platform or gas fees.
The exchange rate of 1 PRQ to Saudi Riyal has changed by -19.73% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.93%, reaching a high of 0.2793 SAR and a low of 0.2694 SAR . One month ago, the value of 1 PRQ was ر.س 0.5804 SAR , which represents a -52.47% change from its current value. Over the last year, PARSIQ has changed by , resulting in a change of -63.66% in its value.
-ر.س
0.4834SARPRQ to SAR
Amount
19:07 today
0.5 PRQ
ر.س0.1380
1 PRQ
ر.س0.2759
5 PRQ
ر.س1.38
10 PRQ
ر.س2.76
50 PRQ
ر.س13.8
100 PRQ
ر.س27.59
500 PRQ
ر.س137.95
1000 PRQ
ر.س275.9
SAR to PRQ
Amount19:07 today
0.5SAR1.81 PRQ
1SAR3.62 PRQ
5SAR18.12 PRQ
10SAR36.24 PRQ
50SAR181.22 PRQ
100SAR362.45 PRQ
500SAR1,812.24 PRQ
1000SAR3,624.49 PRQ
PRQ to SAR Today vs. 24 hours ago
| Amount | 19:07 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 PRQ | ر.س0.1380 | ر.س0.1367 | +0.93% |
| 1 PRQ | ر.س0.2759 | ر.س0.2733 | +0.93% |
| 5 PRQ | ر.س1.38 | ر.س1.37 | +0.93% |
| 10 PRQ | ر.س2.76 | ر.س2.73 | +0.93% |
| 50 PRQ | ر.س13.8 | ر.س13.67 | +0.93% |
| 100 PRQ | ر.س27.59 | ر.س27.33 | +0.93% |
| 500 PRQ | ر.س137.95 | ر.س136.67 | +0.93% |
| 1000 PRQ | ر.س275.9 | ر.س273.35 | +0.93% |
PRQ to SAR Today vs. 1 month ago
| Amount | 19:07 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 PRQ | ر.س0.1380 | ر.س0.2902 | -52.47% |
| 1 PRQ | ر.س0.2759 | ر.س0.5804 | -52.47% |
| 5 PRQ | ر.س1.38 | ر.س2.9 | -52.47% |
| 10 PRQ | ر.س2.76 | ر.س5.8 | -52.47% |
| 50 PRQ | ر.س13.8 | ر.س29.02 | -52.47% |
| 100 PRQ | ر.س27.59 | ر.س58.04 | -52.47% |
| 500 PRQ | ر.س137.95 | ر.س290.21 | -52.47% |
| 1000 PRQ | ر.س275.9 | ر.س580.43 | -52.47% |
PRQ to SAR Today vs. 1 year ago
| Amount | 19:07 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 PRQ | ر.س0.1380 | ر.س0.3797 | -63.66% |
| 1 PRQ | ر.س0.2759 | ر.س0.7593 | -63.66% |
| 5 PRQ | ر.س1.38 | ر.س3.8 | -63.66% |
| 10 PRQ | ر.س2.76 | ر.س7.59 | -63.66% |
| 50 PRQ | ر.س13.8 | ر.س37.97 | -63.66% |
| 100 PRQ | ر.س27.59 | ر.س75.93 | -63.66% |
| 500 PRQ | ر.س137.95 | ر.س379.65 | -63.66% |
| 1000 PRQ | ر.س275.9 | ر.س759.31 | -63.66% |
How to convert PRQ to SAR
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.
Convert PRQ to SAR
Use a variety of payment options to buy PARSIQ on Bitget. We'll show you how.
Buy PRQ (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading does not currently support direct buying of PRQ with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy PRQ with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
No matching ads found.
Sell PRQ (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading currently does not support direct selling of PRQ to SAR. However, you can first exchange PRQ 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 |
|---|
No matching ads found.
What factors influence the conversion rate of PRQ to SAR?
There are many factors that affect the relationship between PARSIQ 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 PRQ/SAR. When there is positive news in the market about the widespread adoption of PRQ or major technological breakthroughs, it tends to trigger market optimism and drive the rise of PRQ/SAR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in PRQ/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 PRQ/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 PARSIQ and adjust their investment strategies accordingly in the evolving market.
PARSIQ price prediction
What will the price of PRQ be in 2026?
Based on PRQ's historical price performance prediction model, the price of PRQ is projected to reach $0.1082 in 2026.
What will the price of PRQ be in 2031?
In 2031, the PRQ price is expected to change by 0.00%. By the end of 2031, the PRQ price is projected to reach $0.1726, with a cumulative ROI of +138.30%.
Other crypto price predictions
Bitcoin(BTC)Price predictions
Ethereum(ETH)Price predictions
Celestia(TIA)Price predictions
Solana(SOL)Price predictions
Worldcoin(WLD)Price predictions
Bittensor(TAO)Price predictions
Dogecoin(DOGE)Price predictions
PepeCoin(PEPECOIN)Price predictions
Pandora(PANDORA)Price predictions
ORDI(ORDI)Price predictions
Bitget Earn
A safe, convenient, and professional platform to maximize your crypto asset profits.
Coin
APR
Action
Purchase other cryptocurrencies with similar market cap
Popular PARSIQ Converter
Check out these popular currency conversions of PARSIQ to several fiat currencies.
PRQ to TWD
1 PRQ to NT$ 2.44 TWD
PRQ to CNY
1 PRQ to ¥ 0.5351 CNY
PRQ to USD
1 PRQ to $ 0.07355 USD
PRQ to EUR
1 PRQ to € 0.06809 EUR
PRQ to CAD
1 PRQ to $ 0.1053 CAD
PRQ to SAR
1 PRQ to ر.س 0.2759 SAR
PRQ to KRW
1 PRQ to ₩ 108.2 KRW
PRQ to JPY
1 PRQ to ¥ 10.99 JPY
PRQ to GBP
1 PRQ to £ 0.05688 GBP
PRQ to BRL
1 PRQ to R$ 0.4182 BRL
Popular cryptocurrencies to SAR
Explore other cryptocurrencies based on your interest in PARSIQ.
ACT to SAR
1 ACT to ر.س 0.3391 SAR
COMP to SAR
1 COMP to ر.س 176.68 SAR
BNB to SAR
1 BNB to ر.س 2,281.98 SAR
SUI to SAR
1 SUI to ر.س 9.12 SAR
DEXE to SAR
1 DEXE to ر.س 51.52 SAR
PEPE to SAR
1 PEPE to ر.س 0.{4}2878 SAR
EOS to SAR
1 EOS to ر.س 2.56 SAR
MASK to SAR
1 MASK to ر.س 6.41 SAR
FARTCOIN to SAR
1 FARTCOIN to ر.س 1.9 SAR
PNUT to SAR
1 PNUT to ر.س 0.6209 SAR
Discover more cryptocurrencies
Here are the top 20 cryptocurrencies by market cap.
Latest coin listings on Bitget
New listings
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 PARSIQ 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 PARSIQ 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 PARSIQ 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.
