WELA to OMR Converter and calculator


Conversion rates
Convert WELA to OMR
Convert OMR to WELA
WELA to OMR chart
WELA to OMR conversion data: Volatility and price changes of Wrapped Elastos in OMR
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.9389 OMR | 0.9967 OMR | 1.19 OMR | 2.33 OMR |
Low | 0.9288 OMR | 0.9288 OMR | 0.9288 OMR | 0.9288 OMR |
Average | 0 OMR | 0 OMR | 0 OMR | 0 OMR |
Volatility | % | % | % | % |
Change | -0.70% | -7.17% | -21.85% | -29.73% |
Wrapped Elastos information
WELA to OMR market statistics
Current WELA to OMR exchange rate
Wrapped Elastos to Omani Rial is falling this week.More info about Wrapped Elastos on Bitget
Omani Rial information
About Omani Rial (OMR)
The Omani Rial (OMR), introduced in 1973, is not only Oman's official currency but also a symbol of the nation's economic strength and cultural heritage. It is commonly abbreviated as OMR and represented by the symbol ر.ع. The Rial's introduction marked Oman's transition from the Indian Rupee and the Maria Theresa Thaler, symbolizing a new era of economic self-determination and modernization under Sultan Qaboos bin Said.
Historical Background
The adoption of the Omani Rial was a key step in Oman's post-colonial journey, reflecting the nation's aspiration to forge an independent economic identity. Replacing the Gulf Rupee, the Rial represented Oman's newfound economic independence and was instrumental in aligning its economy with international standards.
Design and Symbolism
The design of the Omani Rial is a celebration of Oman’s rich history and cultural heritage. Banknotes feature images of Sultan Qaboos, traditional Omani architecture, natural landmarks, and historical sites. These designs serve not only as a medium for financial transactions but also as reminders of Oman's heritage and the modern achievements under Sultan Qaboos’s reign.
Economic Role
The Omani Rial plays a crucial role in the nation’s economy, characterized by its substantial oil and gas reserves. As the primary currency, it underpins the oil sector, which is pivotal to Oman's economy, facilitating trade and investment and is vital for the country’s fiscal stability.
Monetary Policy and Stability
Managed by the Central Bank of Oman, the Rial is one of the highest-valued currencies in the world, reflecting Oman's economic stability and substantial hydrocarbon resources. The bank’s policies focus on maintaining the currency's value and stability, crucial for fostering a climate conducive to economic growth and investor confidence.
International Trade and the Omani Rial
The value of the Rial is significant in international trade, particularly for Oman's oil and gas exports. A stable and strong Rial is essential for maintaining competitive prices in the global market and attracting foreign investment in various sectors.
Remittances and the Economy
Remittances from Omanis working abroad and expatriates residing in Oman contribute to the country’s foreign exchange reserves. These inflows, exchanged into Rials, support the currency's stability and contribute to the national economy.
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WELA to OMR Conversion tables
Amount | 02:00 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 WELA | ر.ع.0.2589 | ر.ع.0.2622 | -0.70% |
1 WELA | ر.ع.0.5178 | ر.ع.0.5243 | -0.70% |
5 WELA | ر.ع.2.59 | ر.ع.2.62 | -0.70% |
10 WELA | ر.ع.5.18 | ر.ع.5.24 | -0.70% |
50 WELA | ر.ع.25.89 | ر.ع.26.22 | -0.70% |
100 WELA | ر.ع.51.78 | ر.ع.52.43 | -0.70% |
500 WELA | ر.ع.258.91 | ر.ع.262.17 | -0.70% |
1000 WELA | ر.ع.517.82 | ر.ع.524.33 | -0.70% |
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