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base info Dai

Dai to Saudi Riyal Converter and calculator

Convert 1Dai (DAI) to Saudi Riyal (SAR) equals ر.س 3.75 | Bitget

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.

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

DAI to SAR conversion rate trend

1D7D1M3M1YAll
In the past 1D, Dai has changed +0.01% to SAR. Based on the trend and price charts, Dai(DAI) has changed +0.01% to SAR while Saudi Riyal(SAR) has changed % to DAI in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
ر.س3.75
0.0001% / 0.0004%vip-iconVIP
Kraken
ر.س3.74
0.1000% / 0.1000%
Yes
OKX
ر.س3.75
0.080% / 0.100%
Yes
Huobi
ر.س3.75
0.1000% / 0.1000%
Yes
Gate.io
ر.س3.74
0.1000% / 0.1000%
Yes
Bybit
ر.س3.75
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 10:00:46(UTC+0)

What factors influence the conversion rate of Dai to Saudi Riyal?

Dai to Saudi Riyal is rising this week.
Dai's current market price is ر.س 3.75 per DAI, with a total market cap of ر.س 20,062,822,995.71 SAR based on a circulating supply of 5,347,888,600 DAI. The trading volume of Dai has changed by -1.58% (ر.س -48,577,865.80 SAR) in the last 24 hours. Last trading day, DAI's trading volume was ر.س 3,080,202,003.36.
Market cap
$5.35B
24h volume
$808.15M
Circulating supply
5.35B DAI

Conversion tables

The exchange rate of Dai is increasing.
1 DAI is currently valued at ر.س 3.75 SAR , which means buying 5 DAI will cost ر.س 18.76 SAR . Similarly, ر.س1 SAR can be traded for 0.2666 DAI, and ر.س50 SAR can be converted to 13.33 DAI, excluding any platform or gas fees.
The exchange rate of 1 DAI to Saudi Riyal has changed by +0.01% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.01%, reaching a high of 3.76 SAR and a low of 3.75 SAR . One month ago, the value of 1 DAI was ر.س 3.75 SAR , which represents a +0.02% change from its current value. Over the last year, Dai has changed by
-ر.س
0.0008829SAR
, resulting in a change of -0.02% in its value.

DAI to SAR

Amount
10:08 am today
0.5 DAI
ر.س1.88
1 DAI
ر.س3.75
5 DAI
ر.س18.76
10 DAI
ر.س37.52
50 DAI
ر.س187.58
100 DAI
ر.س375.15
500 DAI
ر.س1,875.77
1000 DAI
ر.س3,751.54

SAR to DAI

Amount10:08 am today
0.5SAR0.1333  DAI
1SAR0.2666  DAI
5SAR1.33  DAI
10SAR2.67  DAI
50SAR13.33  DAI
100SAR26.66  DAI
500SAR133.28  DAI
1000SAR266.56  DAI
share

Today vs. 24 hours ago

Amount10:08 am today24 hours ago24h change
0.5 DAI$0.5000$0.5000
+0.01%
1 DAI$1$0.9999
+0.01%
5 DAI$5$5
+0.01%
10 DAI$10$10
+0.01%
50 DAI$50$50
+0.01%
100 DAI$100.01$99.99
+0.01%
500 DAI$500.03$499.97
+0.01%
1000 DAI$1,000.06$999.94
+0.01%

Today vs. 1 month ago

Amount10:08 am today1 month ago1M change
0.5 DAI$0.5000$0.4999
+0.02%
1 DAI$1$0.9999
+0.02%
5 DAI$5$5
+0.02%
10 DAI$10$10
+0.02%
50 DAI$50$49.99
+0.02%
100 DAI$100.01$99.99
+0.02%
500 DAI$500.03$499.94
+0.02%
1000 DAI$1,000.06$999.88
+0.02%

Today vs. 1 year ago

Amount10:08 am today1 year ago1Y change
0.5 DAI$0.5000$0.5001
-0.02%
1 DAI$1$1
-0.02%
5 DAI$5$5
-0.02%
10 DAI$10$10
-0.02%
50 DAI$50$50.01
-0.02%
100 DAI$100.01$100.03
-0.02%
500 DAI$500.03$500.15
-0.02%
1000 DAI$1,000.06$1,000.3
-0.02%

FAQ

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.