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VELO to SAR Converter and calculator

VELO/SAR: 1 VELO = 0.05111 SAR. The price of converting 1 Velo (VELO) to Saudi Riyal (SAR) is 0.05111 SAR today.
VELO
VELO
SAR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides VELO to SAR real-time exchange rates, making it easy to convert Velo (VELO) to Saudi Riyal (SAR). The conversion result is based on real-time data. The conversion result shows that 1 VELO is currently valued at 0.05 SAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 VELO is currently valued at 0.05 SAR, which means buying 5 VELO would cost 0.26 SAR. Similarly, ر.س1 SAR can be converted to 19.57 VELO, and ر.س50 SAR can be converted to 97.84 VELO, excluding any platform or gas fees.

Convert VELO to SAR

Convert SAR to VELO

Velo
Saudi Riyal
5000 VELO
255.53  SAR
10000 VELO
511.05  SAR
In the table above, you'll find a comprehensive VELO to SAR converter that shows the value of Velo in Saudi Riyal across commonly used conversion amounts. The list covers conversions from 1 VELO to SAR, all the way up to 10000 VELO, providing a clear view of their respective values.
Saudi Riyal
Velo
5000 SAR
97,837.01 VELO
10000 SAR
195,674.02 VELO
50000 SAR
978,370.11 VELO
100000 SAR
1,956,740.22 VELO
In the table above, you'll find a comprehensive SAR to VELO converter that shows the value of Saudi Riyal in Velo across commonly used conversion amounts. The list covers conversions from 1 SAR to VELO, all the way up to 100000 SAR, providing a clear view of their respective values.

VELO to SAR chart

VELO/SAR: 1 VELO = 0.05111 SAR; 2025/05/01 22:28:33
In the past 1D, Velo has changed +6.16% to SAR. Based on the trend and price charts, Velo(VELO) has changed +6.16% to SAR while Saudi Riyal(SAR) has changed % to VELO in the last 24 hours.
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VELO to SAR conversion data: Volatility and price changes of Velo in SAR

The highest Velo price in SAR over the past 7 days was 0.05552 SAR while the lowest Velo price in SAR over the past 7 days was 0.04738 SAR. The relative change between the highs and lows in Velo price in SAR over the last 7 days indicates a volatility of %. You can view additional volatility data and VELO 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
0.05173 SAR
0.05552 SAR
0.05673 SAR
0.08261 SAR
Low
0.04829 SAR
0.04738 SAR
0.03316 SAR
0.03316 SAR
Average
0 SAR
0 SAR
0 SAR
0 SAR
Volatility
%
%
%
%
Change
+6.16%
-5.19%
+12.68%
-35.69%

Velo information

VELO to SAR market statistics

VELO/SAR:
ر.س0.05111
VELO 24h volume:
ر.س61,222,537.13
VELO market cap:
ر.س377,693,243.71
VELO circulating supply:
7.39B VELO

Current VELO to SAR exchange rate

Velo to Saudi Riyal is falling this week.
Velo's current market price is ر.س0.05111 per VELO, with a total market cap of ر.س377,693,243.71 SAR based on a circulating supply of 7,390,476,000 VELO. The trading volume of Velo has changed by +25.00% (ر.س12,245,722.05 SAR) in the last 24 hours. Last trading day, VELO's trading volume was ر.س48,976,815.08.

More info about Velo 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 Velo currency pair is the VELO to SAR, with for Velo's currency code being VELO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.

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How to convert VELO to SAR

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VELO to SAR Conversion tables

The exchange rate of Velo is increasing.
The exchange rate of 1 VELO to Saudi Riyal has changed by -5.19% in the last 7 days. In the last 24 hours, the rate has fluctuated by +6.16%, reaching a high of 0.05173 SAR and a low of 0.04829 SAR . One month ago, the value of 1 VELO was ر.س0.04534 SAR , which represents a +12.68% change from its current value. Over the last year, Velo has changed by
-ر.س
0.01863SAR
, resulting in a change of -26.67% in its value.
24 hours ago1 month ago1 year ago
Amount22:28 today24 hours ago24h change
0.5 VELOر.س0.02555ر.س0.02407
+6.16%
1 VELOر.س0.05111ر.س0.04813
+6.16%
5 VELOر.س0.2555ر.س0.2407
+6.16%
10 VELOر.س0.5111ر.س0.4813
+6.16%
50 VELOر.س2.56ر.س2.41
+6.16%
100 VELOر.س5.11ر.س4.81
+6.16%
500 VELOر.س25.55ر.س24.07
+6.16%
1000 VELOر.س51.11ر.س48.13
+6.16%

VELO to SAR FAQ

How much is 1 Velo in SAR?
Right now, the price of 1 Velo (VELO) in Saudi Riyal (SAR) is ر.س0.05111.
How much VELO can I buy for 1 SAR?
Based on the current exchange rate, you can get 19.57 VELO for 1 SAR.
How do I calculate or convert VELO to SAR?
You can use our VELO to SAR calculator at the top of this page to convert any amount of VELO to SAR. We've also included quick-reference tables for the most popular conversions. For example, 5 SAR is equivalent to 97.84 VELO, while 5 VELO will cost around 0.2555SAR.
What is the highest price of VELO/SAR in history?
The all-time high price of 1 VELO in SAR is ر.س7.75. It remains to be seen if the value of 1 VELO/SAR will exceed the current all-time high.
What is the price trend of Velo in SAR?
Over the past 7 days, the exchange rate of Velo (VELO) has gone down by 5.19%.   Over the last month, the exchange rate of Velo (VELO) has gone up by 12.68% against Saudi Riyal (SAR).

What factors influence the conversion rate of VELO to SAR?

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

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