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base info Ethereum Classic

Ethereum Classic to Saudi Riyal Converter and calculator

Convert 1Ethereum Classic (ETC) to Saudi Riyal (SAR) equals ر.س 97.3 | 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 Ethereum Classic currency pair is the ETC to SAR, with for Ethereum Classic's currency code being ETC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.

ETC to SAR conversion rate trend

1D7D1M3M1YAll
In the past 1D, Ethereum Classic has changed -6.36% to SAR. Based on the trend and price charts, Ethereum Classic(ETC) has changed -6.36% to SAR while Saudi Riyal(SAR) has changed % to ETC in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
ر.س98.14
0.0001% / 0.0004%vip-iconVIP
Binance
ر.س98.32
0.1000% / 0.1000%
Yes
OKX
ر.س98.35
0.080% / 0.100%
Yes
Huobi
ر.س98.42
0.1000% / 0.1000%
Yes
Gate.io
ر.س98.31
0.1000% / 0.1000%
Yes
Bybit
ر.س98.17
0.1000% / 0.1000%
Yes
KuCoin
ر.س98.34
0.1000% / 0.1000%
Yes
Bitfinex
ر.س98.84
0.1000% / 0.1000%
Yes
Last updated 2024/04/16 12:00:31(UTC+0)

What factors influence the conversion rate of Ethereum Classic to Saudi Riyal?

Ethereum Classic to Saudi Riyal is falling this week.
Ethereum Classic's current market price is ر.س 97.3 per ETC, with a total market cap of ر.س 14,261,787,345.76 SAR based on a circulating supply of 146,578,750 ETC. The trading volume of Ethereum Classic has changed by -22.60% (ر.س -378,962,805.46 SAR) in the last 24 hours. Last trading day, ETC's trading volume was ر.س 1,676,618,850.16.
Market cap
$3.80B
24h volume
$345.94M
Circulating supply
146.58M ETC

Conversion tables

The exchange rate of Ethereum Classic is decreasing.
1 ETC is currently valued at ر.س 97.3 SAR , which means buying 5 ETC will cost ر.س 486.49 SAR . Similarly, ر.س1 SAR can be traded for 0.01028 ETC, and ر.س50 SAR can be converted to 0.5139 ETC, excluding any platform or gas fees.
The exchange rate of 1 ETC to Saudi Riyal has changed by -25.26% in the last 7 days. In the last 24 hours, the rate has fluctuated by -6.36%, reaching a high of 104.01 SAR and a low of 95.94 SAR . One month ago, the value of 1 ETC was ر.س 115.56 SAR , which represents a -15.81% change from its current value. Over the last year, Ethereum Classic has changed by
+ر.س
0.4392SAR
, resulting in a change of +18.88% in its value.

ETC to SAR

Amount
12:56 today
0.5 ETC
ر.س48.65
1 ETC
ر.س97.3
5 ETC
ر.س486.49
10 ETC
ر.س972.98
50 ETC
ر.س4,864.89
100 ETC
ر.س9,729.78
500 ETC
ر.س48,648.89
1000 ETC
ر.س97,297.78

SAR to ETC

Amount12:56 today
0.5SAR0.005139  ETC
1SAR0.01028  ETC
5SAR0.05139  ETC
10SAR0.1028  ETC
50SAR0.5139  ETC
100SAR1.03  ETC
500SAR5.14  ETC
1000SAR10.28  ETC
share

Today vs. 24 hours ago

Amount12:56 today24 hours ago24h change
0.5 ETC$12.97$13.85
-6.36%
1 ETC$25.94$27.7
-6.36%
5 ETC$129.69$138.49
-6.36%
10 ETC$259.38$276.98
-6.36%
50 ETC$1,296.92$1,384.92
-6.36%
100 ETC$2,593.85$2,769.84
-6.36%
500 ETC$12,969.23$13,849.18
-6.36%
1000 ETC$25,938.47$27,698.35
-6.36%

Today vs. 1 month ago

Amount12:56 today1 month ago1M change
0.5 ETC$12.97$15.4
-15.81%
1 ETC$25.94$30.81
-15.81%
5 ETC$129.69$154.04
-15.81%
10 ETC$259.38$308.08
-15.81%
50 ETC$1,296.92$1,540.38
-15.81%
100 ETC$2,593.85$3,080.76
-15.81%
500 ETC$12,969.23$15,403.78
-15.81%
1000 ETC$25,938.47$30,807.57
-15.81%

Today vs. 1 year ago

Amount12:56 today1 year ago1Y change
0.5 ETC$12.97$10.91
+18.88%
1 ETC$25.94$21.82
+18.88%
5 ETC$129.69$109.11
+18.88%
10 ETC$259.38$218.21
+18.88%
50 ETC$1,296.92$1,091.07
+18.88%
100 ETC$2,593.85$2,182.14
+18.88%
500 ETC$12,969.23$10,910.69
+18.88%
1000 ETC$25,938.47$21,821.37
+18.88%

FAQ

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