Bitget converter provides MAGIK to SAR real-time exchange rates, making it easy to convert Magik Finance (MAGIK) to Saudi Riyal (SAR). The conversion result is based on real-time data. The conversion result shows that 1 MAGIK is currently valued at 0.03 SAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.

1 MAGIK is currently valued at 0.03 SAR, which means buying 5 MAGIK would cost 0.13 SAR. Similarly, ر.س1 SAR can be converted to 38.22 MAGIK, and ر.س50 SAR can be converted to 191.11 MAGIK, excluding any platform or gas fees.

Convert MAGIK to SAR

Convert SAR to MAGIK

Magik Finance

Saudi Riyal

1 MAGIK

0.02616 SAR

Exchange 1 MAGIK for 0.02616 SAR

2 MAGIK

0.05232 SAR

Exchange 2 MAGIK for 0.05232 SAR

5 MAGIK

0.1308 SAR

Exchange 5 MAGIK for 0.1308 SAR

10 MAGIK

0.2616 SAR

Exchange 10 MAGIK for 0.2616 SAR

20 MAGIK

0.5232 SAR

Exchange 20 MAGIK for 0.5232 SAR

50 MAGIK

1.31 SAR

Exchange 50 MAGIK for 1.31 SAR

100 MAGIK

2.62 SAR

Exchange 100 MAGIK for 2.62 SAR

200 MAGIK

5.23 SAR

Exchange 200 MAGIK for 5.23 SAR

500 MAGIK

13.08 SAR

Exchange 500 MAGIK for 13.08 SAR

1000 MAGIK

26.16 SAR

Exchange 1000 MAGIK for 26.16 SAR

5000 MAGIK

130.81 SAR

Exchange 5000 MAGIK for 130.81 SAR

10000 MAGIK

261.62 SAR

Exchange 10000 MAGIK for 261.62 SAR

In the table above, you'll find a comprehensive MAGIK to SAR converter that shows the value of Magik Finance in Saudi Riyal across commonly used conversion amounts. The list covers conversions from 1 MAGIK to SAR, all the way up to 10000 MAGIK, providing a clear view of their respective values.

Saudi Riyal

Magik Finance

1 SAR

38.22 MAGIK

Exchange 1 SAR for 38.22 MAGIK

10 SAR

382.23 MAGIK

Exchange 10 SAR for 382.23 MAGIK

50 SAR

1,911.15 MAGIK

Exchange 50 SAR for 1,911.15 MAGIK

100 SAR

3,822.29 MAGIK

Exchange 100 SAR for 3,822.29 MAGIK

200 SAR

7,644.58 MAGIK

Exchange 200 SAR for 7,644.58 MAGIK

500 SAR

19,111.45 MAGIK

Exchange 500 SAR for 19,111.45 MAGIK

1000 SAR

38,222.91 MAGIK

Exchange 1000 SAR for 38,222.91 MAGIK

2000 SAR

76,445.82 MAGIK

Exchange 2000 SAR for 76,445.82 MAGIK

5000 SAR

191,114.54 MAGIK

Exchange 5000 SAR for 191,114.54 MAGIK

10000 SAR

382,229.08 MAGIK

Exchange 10000 SAR for 382,229.08 MAGIK

50000 SAR

1,911,145.4 MAGIK

Exchange 50000 SAR for 1,911,145.4 MAGIK

100000 SAR

3,822,290.79 MAGIK

Exchange 100000 SAR for 3,822,290.79 MAGIK

In the table above, you'll find a comprehensive SAR to MAGIK converter that shows the value of Saudi Riyal in Magik Finance across commonly used conversion amounts. The list covers conversions from 1 SAR to MAGIK, all the way up to 100000 SAR, providing a clear view of their respective values.

MAGIK to SAR chart

MAGIK/SAR: 1 MAGIK = 0.02616 SAR; 2025/05/08 12:16:14

In the past 1D, Magik Finance has changed +5.42% to SAR. Based on the trend and price charts, Magik Finance(MAGIK) has changed +5.42% to SAR while Saudi Riyal(SAR) has changed % to MAGIK in the last 24 hours.

1D7D1M3M1YAll

MAGIK to SAR conversion data: Volatility and price changes of Magik Finance in SAR

The highest Magik Finance price in SAR over the past 7 days was 0.02845 SAR while the lowest Magik Finance price in SAR over the past 7 days was 0.02358 SAR. The relative change between the highs and lows in Magik Finance price in SAR over the last 7 days indicates a volatility of %. You can view additional volatility data and MAGIK to SAR prices for the past 24 hours, 30 days, and 90 days in the table above.

	Last 24 hours	Last 7 days	Last 30 days	Last 90 days
High	0.02616 SAR	0.02845 SAR	0.02845 SAR	0.04772 SAR
Low	0.02394 SAR	0.02358 SAR	0.01936 SAR	0.01918 SAR
Average	0 SAR	0 SAR	0 SAR	0 SAR
Volatility	%	%	%	%
Change	+5.42%	-2.54%	+20.77%	+18.95%

Magik Finance information

MAGIK to SAR market statistics

MAGIK/SAR:

ر.س0.02616

MAGIK 24h volume:

MAGIK market cap:

MAGIK circulating supply:

0 MAGIK

Current MAGIK to SAR exchange rate

Magik Finance to Saudi Riyal is falling this week.

Magik Finance's current market price is ر.س0.02616 per MAGIK, with a total market cap of ر.س0 SAR based on a circulating supply of -- MAGIK. The trading volume of Magik Finance has changed by 0.00% (ر.س0 SAR) in the last 24 hours. Last trading day, MAGIK's trading volume was ر.س0.

More info about Magik Finance on Bitget

Magik Finance price Magik Finance Price Prediction What is Magik Finance (MAGIK)

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 Magik Finance currency pair is the MAGIK to SAR, with for Magik Finance's currency code being MAGIK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.

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1 MAGIK to €0.006179 EUR

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1 MAGIK to C$0.009688 CAD

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1 MAGIK to ر.س0.02616 SAR

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1 MAGIK to ₩9.77 KRW

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1 MAGIK to ¥1.01 JPY

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1 MAGIK to £0.005238 GBP

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1 MAGIK to R$0.04008 BRL

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MAGIK to SAR Conversion tables

The exchange rate of Magik Finance is increasing.

The exchange rate of 1 MAGIK to Saudi Riyal has changed by -2.54% in the last 7 days. In the last 24 hours, the rate has fluctuated by +5.42%, reaching a high of 0.02616 SAR and a low of 0.02394 SAR . One month ago, the value of 1 MAGIK was ر.س0.02166 SAR , which represents a +20.77% change from its current value. Over the last year, Magik Finance has changed by

-ر.س

0.05983SAR

, resulting in a change of -69.58% in its value.

24 hours ago1 month ago1 year ago

Amount	12:16 today	24 hours ago	24h change
0.5 MAGIK	ر.س0.01308	ر.س0.01241	+5.42%
1 MAGIK	ر.س0.02616	ر.س0.02482	+5.42%
5 MAGIK	ر.س0.1308	ر.س0.1241	+5.42%
10 MAGIK	ر.س0.2616	ر.س0.2482	+5.42%
50 MAGIK	ر.س1.31	ر.س1.24	+5.42%
100 MAGIK	ر.س2.62	ر.س2.48	+5.42%
500 MAGIK	ر.س13.08	ر.س12.41	+5.42%
1000 MAGIK	ر.س26.16	ر.س24.82	+5.42%

MAGIK to SAR FAQ

How much is 1 Magik Finance in SAR?

Right now, the price of 1 Magik Finance (MAGIK) in Saudi Riyal (SAR) is ر.س0.02616.

How much MAGIK can I buy for 1 SAR?

Based on the current exchange rate, you can get 38.22 MAGIK for 1 SAR.

How do I calculate or convert MAGIK to SAR?

You can use our MAGIK to SAR calculator at the top of this page to convert any amount of MAGIK to SAR. We've also included quick-reference tables for the most popular conversions. For example, 5 SAR is equivalent to 191.11 MAGIK, while 5 MAGIK will cost around 0.1308SAR.

What is the highest price of MAGIK/SAR in history?

The all-time high price of 1 MAGIK in SAR is ر.س16.36. It remains to be seen if the value of 1 MAGIK/SAR will exceed the current all-time high.

What is the price trend of Magik Finance in SAR?

Over the past 7 days, the exchange rate of Magik Finance (MAGIK) has gone down by 2.54%. Over the last month, the exchange rate of Magik Finance (MAGIK) has gone up by 20.77% against Saudi Riyal (SAR).

What factors influence the conversion rate of MAGIK to SAR?

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

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