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base info EGO

EGO to Saudi Riyal Converter and calculator

Convert 1EGO (EGO) to Saudi Riyal (SAR) equals ر.س 0.1399 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of EGO(EGO) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 EGO at a value of 1 EGO for 0.14 SAR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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

EGO to SAR conversion rate trend

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In the past 1D, EGO has changed -6.29% to SAR. Based on the trend and price charts, EGO(EGO) has changed -6.29% to SAR while Saudi Riyal(SAR) has changed % to EGO in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
ر.س0.1414
0.0001% / 0.0004%vip-iconVIP
Bybit
ر.س0.1401
0.1000% / 0.1000%
Yes
KuCoin
ر.س0.1396
0.1000% / 0.1000%
Yes
Last updated 2024/05/22 12:00:17(UTC+0)

How to buy EGO

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

EGO to Saudi Riyal is falling this week.
EGO's current market price is ر.س 0.1399 per EGO, with a total market cap of ر.س 7,917,539.41 SAR based on a circulating supply of 56,608,820 EGO. The trading volume of EGO has changed by -14.25% (ر.س -593,252.82 SAR) in the last 24 hours. Last trading day, EGO's trading volume was ر.س 4,163,528.3.
Market cap
$2.11M
24h volume
$951.97K
Circulating supply
56.61M EGO

Conversion tables

The exchange rate of EGO is decreasing.
1 EGO is currently valued at ر.س 0.1399 SAR , which means buying 5 EGO will cost ر.س 0.6993 SAR . Similarly, ر.س1 SAR can be traded for 7.15 EGO, and ر.س50 SAR can be converted to 357.49 EGO, excluding any platform or gas fees.
The exchange rate of 1 EGO to Saudi Riyal has changed by -0.74% in the last 7 days. In the last 24 hours, the rate has fluctuated by -6.29%, reaching a high of 0.1502 SAR and a low of 0.1398 SAR . One month ago, the value of 1 EGO was ر.س 0.2311 SAR , which represents a -39.49% change from its current value. Over the last year, EGO has changed by
+ر.س
0.1398SAR
, resulting in a change of --% in its value.

EGO to SAR

Amount
12:18 today
0.5 EGO
ر.س0.06993
1 EGO
ر.س0.1399
5 EGO
ر.س0.6993
10 EGO
ر.س1.4
50 EGO
ر.س6.99
100 EGO
ر.س13.99
500 EGO
ر.س69.93
1000 EGO
ر.س139.86

SAR to EGO

Amount12:18 today
0.5SAR3.57  EGO
1SAR7.15  EGO
5SAR35.75  EGO
10SAR71.5  EGO
50SAR357.49  EGO
100SAR714.98  EGO
500SAR3,574.9  EGO
1000SAR7,149.8  EGO
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Today vs. 24 hours ago

Amount12:18 today24 hours ago24h change
0.5 EGO$0.01865$0.01990
-6.29%
1 EGO$0.03729$0.03979
-6.29%
5 EGO$0.1865$0.1990
-6.29%
10 EGO$0.3729$0.3979
-6.29%
50 EGO$1.86$1.99
-6.29%
100 EGO$3.73$3.98
-6.29%
500 EGO$18.65$19.9
-6.29%
1000 EGO$37.29$39.79
-6.29%

Today vs. 1 month ago

Amount12:18 today1 month ago1M change
0.5 EGO$0.01865$0.03081
-39.49%
1 EGO$0.03729$0.06162
-39.49%
5 EGO$0.1865$0.3081
-39.49%
10 EGO$0.3729$0.6162
-39.49%
50 EGO$1.86$3.08
-39.49%
100 EGO$3.73$6.16
-39.49%
500 EGO$18.65$30.81
-39.49%
1000 EGO$37.29$61.62
-39.49%
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Today vs. 1 year ago

Amount12:18 today1 year ago1Y change
0.5 EGO$0.01865$0.{5}9798
--
1 EGO$0.03729$0.{4}1960
--
5 EGO$0.1865$0.{4}9798
--
10 EGO$0.3729$0.0001960
--
50 EGO$1.86$0.0009798
--
100 EGO$3.73$0.001960
--
500 EGO$18.65$0.009798
--
1000 EGO$37.29$0.01960
--

EGO price prediction

What will the price of EGO be in 2025?

Based on EGO's historical price performance prediction model, the price of EGO is projected to reach $0.05668 in 2025.

What will the price of EGO be in 2030?

In 2030, the EGO price is expected to rise by 0.00%. By the end of 2030, the EGO price is projected to reach $0.1213, with a cumulative ROI of +225.25%.
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