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Filecoin to Saudi Riyal Converter and calculator

Convert 1Filecoin (FIL) to Saudi Riyal (SAR) equals ر.س 23.49 | 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 Filecoin currency pair is the FIL to SAR, with for Filecoin's currency code being FIL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.

FIL to SAR conversion rate trend

1D7D1M3M1YAll
In the past 1D, Filecoin has changed +7.15% to SAR. Based on the trend and price charts, Filecoin(FIL) has changed +7.15% to SAR while Saudi Riyal(SAR) has changed % to FIL in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
ر.س23.2
0.0001% / 0.0004%vip-iconVIP
Binance
ر.س23.23
0.1000% / 0.1000%
Yes
OKX
ر.س23.22
0.080% / 0.100%
Yes
Huobi
ر.س23.21
0.1000% / 0.1000%
Yes
Gate.io
ر.س23.22
0.1000% / 0.1000%
Yes
Bybit
ر.س23.2
0.1000% / 0.1000%
Yes
KuCoin
ر.س23.2
0.1000% / 0.1000%
Yes
Bitfinex
ر.س23.21
0.1000% / 0.1000%
Yes
Last updated 2024/04/20 04:00:35(UTC+0)

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

Filecoin to Saudi Riyal is falling this week.
Filecoin's current market price is ر.س 23.49 per FIL, with a total market cap of ر.س 12,693,899,374.43 SAR based on a circulating supply of 540,427,600 FIL. The trading volume of Filecoin has changed by +2.75% (ر.س 24,477,348.1 SAR) in the last 24 hours. Last trading day, FIL's trading volume was ر.س 891,154,771.21.
Market cap
$3.38B
24h volume
$244.08M
Circulating supply
540.43M FIL

Conversion tables

The exchange rate of Filecoin is decreasing.
1 FIL is currently valued at ر.س 23.49 SAR , which means buying 5 FIL will cost ر.س 117.44 SAR . Similarly, ر.س1 SAR can be traded for 0.04257 FIL, and ر.س50 SAR can be converted to 2.13 FIL, excluding any platform or gas fees.
The exchange rate of 1 FIL to Saudi Riyal has changed by -5.91% in the last 7 days. In the last 24 hours, the rate has fluctuated by +7.15%, reaching a high of 23.55 SAR and a low of 21.65 SAR . One month ago, the value of 1 FIL was ر.س 33.14 SAR , which represents a -29.11% change from its current value. Over the last year, Filecoin has changed by
+ر.س
2.53SAR
, resulting in a change of +12.08% in its value.

FIL to SAR

Amount
04:52 am today
0.5 FIL
ر.س11.74
1 FIL
ر.س23.49
5 FIL
ر.س117.44
10 FIL
ر.س234.89
50 FIL
ر.س1,174.43
100 FIL
ر.س2,348.86
500 FIL
ر.س11,744.31
1000 FIL
ر.س23,488.62

SAR to FIL

Amount04:52 am today
0.5SAR0.02129  FIL
1SAR0.04257  FIL
5SAR0.2129  FIL
10SAR0.4257  FIL
50SAR2.13  FIL
100SAR4.26  FIL
500SAR21.29  FIL
1000SAR42.57  FIL
share

Today vs. 24 hours ago

Amount04:52 am today24 hours ago24h change
0.5 FIL$3.13$2.92
+7.15%
1 FIL$6.26$5.84
+7.15%
5 FIL$31.31$29.22
+7.15%
10 FIL$62.61$58.44
+7.15%
50 FIL$313.06$292.18
+7.15%
100 FIL$626.13$584.37
+7.15%
500 FIL$3,130.65$2,921.84
+7.15%
1000 FIL$6,261.3$5,843.69
+7.15%

Today vs. 1 month ago

Amount04:52 am today1 month ago1M change
0.5 FIL$3.13$4.42
-29.11%
1 FIL$6.26$8.83
-29.11%
5 FIL$31.31$44.17
-29.11%
10 FIL$62.61$88.33
-29.11%
50 FIL$313.06$441.66
-29.11%
100 FIL$626.13$883.32
-29.11%
500 FIL$3,130.65$4,416.6
-29.11%
1000 FIL$6,261.3$8,833.19
-29.11%

Today vs. 1 year ago

Amount04:52 am today1 year ago1Y change
0.5 FIL$3.13$2.79
+12.08%
1 FIL$6.26$5.59
+12.08%
5 FIL$31.31$27.93
+12.08%
10 FIL$62.61$55.87
+12.08%
50 FIL$313.06$279.34
+12.08%
100 FIL$626.13$558.69
+12.08%
500 FIL$3,130.65$2,793.43
+12.08%
1000 FIL$6,261.3$5,586.85
+12.08%

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.