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SOMM to QAR Converter and calculator

SOMM/QAR: 1 SOMM = 0.007312 QAR. The price of converting 1 Sommelier (SOMM) to Qatari Rial (QAR) is 0.007312 QAR today.
SOMM
SOMM
QAR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides SOMM to QAR real-time exchange rates, making it easy to convert Sommelier (SOMM) to Qatari Rial (QAR). The conversion result is based on real-time data. The conversion result shows that 1 SOMM is currently valued at 0.01 QAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 SOMM is currently valued at 0.01 QAR, which means buying 5 SOMM would cost 0.04 QAR. Similarly, ر.ق1 QAR can be converted to 136.77 SOMM, and ر.ق50 QAR can be converted to 683.84 SOMM, excluding any platform or gas fees.

Convert SOMM to QAR

Convert QAR to SOMM

Sommelier
Qatari Rial
10000 SOMM
73.12  QAR
In the table above, you'll find a comprehensive SOMM to QAR converter that shows the value of Sommelier in Qatari Rial across commonly used conversion amounts. The list covers conversions from 1 SOMM to QAR, all the way up to 10000 SOMM, providing a clear view of their respective values.
Qatari Rial
Sommelier
1000 QAR
136,768.89 SOMM
2000 QAR
273,537.77 SOMM
5000 QAR
683,844.43 SOMM
10000 QAR
1,367,688.85 SOMM
50000 QAR
6,838,444.26 SOMM
100000 QAR
13,676,888.51 SOMM
In the table above, you'll find a comprehensive QAR to SOMM converter that shows the value of Qatari Rial in Sommelier across commonly used conversion amounts. The list covers conversions from 1 QAR to SOMM, all the way up to 100000 QAR, providing a clear view of their respective values.

SOMM to QAR chart

SOMM/QAR: 1 SOMM = 0.007312 QAR; 2025/04/29 10:55:09
In the past 1D, Sommelier has changed -8.33% to QAR. Based on the trend and price charts, Sommelier(SOMM) has changed -8.33% to QAR while Qatari Rial(QAR) has changed % to SOMM in the last 24 hours.
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SOMM to QAR conversion data: Volatility and price changes of Sommelier in QAR

The highest Sommelier price in QAR over the past 7 days was 0.01275 QAR while the lowest Sommelier price in QAR over the past 7 days was 0.007251 QAR. The relative change between the highs and lows in Sommelier price in QAR over the last 7 days indicates a volatility of %. You can view additional volatility data and SOMM to QAR 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
0.008431 QAR
0.01275 QAR
0.03087 QAR
0.04773 QAR
Low
0.007251 QAR
0.007251 QAR
0.007251 QAR
0.007251 QAR
Average
0 QAR
0 QAR
0 QAR
0 QAR
Volatility
%
%
%
%
Change
-8.33%
-33.81%
-64.62%
-83.94%

Sommelier information

SOMM to QAR market statistics

SOMM/QAR:
ر.ق0.007312
SOMM 24h volume:
ر.ق199,554.54
SOMM market cap:
--
SOMM circulating supply:
0 SOMM

Current SOMM to QAR exchange rate

Sommelier to Qatari Rial is falling this week.
Sommelier's current market price is ر.ق0.007312 per SOMM, with a total market cap of ر.ق0 QAR based on a circulating supply of -- SOMM. The trading volume of Sommelier has changed by +9.13% (ر.ق16,688.87 QAR) in the last 24 hours. Last trading day, SOMM's trading volume was ر.ق182,865.67.

More info about Sommelier on Bitget

Qatari Rial information

About Qatari Rial (QAR)

The Qatari Rial (QAR), introduced in 1973, is more than just the official currency of Qatar; it is a testament to the nation's economic growth, wealth, and cultural heritage. It is commonly abbreviated as QAR and represented by the symbol ر.ق. Emerging after Qatar gained independence from the British, the Rial replaced the Qatar and Dubai Riyal and marked a new chapter in the country's burgeoning financial landscape.

Historical Background

The introduction of the Qatari Rial was a crucial step in Qatar's journey towards economic self-sufficiency and sovereignty. The currency's establishment coincided with the rapid development of Qatar's oil and gas sectors, propelling the nation into economic prominence. The Rial symbolized not only a new monetary system but also Qatar's emergence as a significant player in the global economy.

Design and Symbolism

The design of the Qatari Rial is a reflection of Qatar's rich history and cultural identity. Banknotes feature imagery of the Qatari flag, traditional dhow boats, and prominent landmarks like the Museum of Islamic Art. These designs serve not only as a medium for financial transactions but also as symbols of Qatar's blend of tradition and modernity, showcasing its journey from a pearling economy to a global energy powerhouse.

Economic Role

The Qatari Rial plays a central role in the nation’s economy, underpinned by one of the world’s largest reserves of oil and natural gas. The currency is instrumental in facilitating trade, both domestically and internationally, and supports various sectors including finance, construction, and a growing service industry.

Monetary Policy and Stability

Managed by the Qatar Central Bank, the Rial is pegged to the US Dollar, reflecting the economic relationship between Qatar and the United States, particularly in the oil sector. This peg provides stability to the Rial, crucial in an economy heavily reliant on hydrocarbon exports, and helps to manage inflation.

International Trade and the Qatari Rial

The stability of the Qatari Rial is vital in international trade, particularly for Qatar's exports of liquefied natural gas (LNG) and petroleum products. A stable Rial is essential for maintaining competitive pricing in global markets and for attracting foreign investment in various sectors.

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

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How to convert SOMM to QAR

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SOMM to QAR Conversion tables

The exchange rate of Sommelier is decreasing.
The exchange rate of 1 SOMM to Qatari Rial has changed by -33.81% in the last 7 days. In the last 24 hours, the rate has fluctuated by -8.33%, reaching a high of 0.008431 QAR and a low of 0.007251 QAR . One month ago, the value of 1 SOMM was ر.ق0.02100 QAR , which represents a -64.62% change from its current value. Over the last year, Sommelier has changed by
-ر.ق
0.3593QAR
, resulting in a change of -97.96% in its value.
24 hours ago1 month ago1 year ago
Amount10:55 am today24 hours ago24h change
0.5 SOMMر.ق0.003656ر.ق0.003996
-8.33%
1 SOMMر.ق0.007312ر.ق0.007993
-8.33%
5 SOMMر.ق0.03656ر.ق0.03996
-8.33%
10 SOMMر.ق0.07312ر.ق0.07993
-8.33%
50 SOMMر.ق0.3656ر.ق0.3996
-8.33%
100 SOMMر.ق0.7312ر.ق0.7993
-8.33%
500 SOMMر.ق3.66ر.ق4
-8.33%
1000 SOMMر.ق7.31ر.ق7.99
-8.33%

SOMM to QAR FAQ

How much is 1 Sommelier in QAR?
Right now, the price of 1 Sommelier (SOMM) in Qatari Rial (QAR) is ر.ق0.007312.
How much SOMM can I buy for 1 QAR?
Based on the current exchange rate, you can get 136.77 SOMM for 1 QAR.
How do I calculate or convert SOMM to QAR?
You can use our SOMM to QAR calculator at the top of this page to convert any amount of SOMM to QAR. We've also included quick-reference tables for the most popular conversions. For example, 5 QAR is equivalent to 683.84 SOMM, while 5 SOMM will cost around 0.03656QAR.
What is the highest price of SOMM/QAR in history?
The all-time high price of 1 SOMM in QAR is ر.ق1.52. It remains to be seen if the value of 1 SOMM/QAR will exceed the current all-time high.
What is the price trend of Sommelier in QAR?
Over the past 7 days, the exchange rate of Sommelier (SOMM) has gone down by 33.81%.   Over the last month, the exchange rate of Sommelier (SOMM) has gone down by 64.62% against Qatari Rial (QAR).

What factors influence the conversion rate of SOMM to QAR?

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

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