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base info Internet Computer

Internet Computer to Saudi Riyal Converter and calculator

Convert 1Internet Computer (ICP) to Saudi Riyal (SAR) equals ر.س 54.89 | 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 Internet Computer(ICP) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 ICP at a value of 1 ICP for 54.89 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 Internet Computer currency pair is the ICP to SAR, with for Internet Computer's currency code being ICP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.

ICP to SAR conversion rate trend

1D7D1M3M1YAll
In the past 1D, Internet Computer has changed -2.02% to SAR. Based on the trend and price charts, Internet Computer(ICP) has changed -2.02% to SAR while Saudi Riyal(SAR) has changed % to ICP in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
ر.س54.88
0.0001% / 0.0004%vip-iconVIP
Binance
ر.س54.88
0.1000% / 0.1000%
Yes
Coinbase Exchange
ر.س54.91
0.1000% / 0.1000%
Yes
OKX
ر.س54.89
0.080% / 0.100%
Yes
Huobi
ر.س54.87
0.1000% / 0.1000%
Yes
Gate.io
ر.س54.89
0.1000% / 0.1000%
Yes
Bybit
ر.س54.87
0.1000% / 0.1000%
Yes
KuCoin
ر.س54.9
0.1000% / 0.1000%
Yes
Bitfinex
ر.س54.81
0.1000% / 0.1000%
Yes
Last updated 2024/04/23 19:00:35(UTC+0)

What factors influence the conversion rate of Internet Computer to Saudi Riyal?

Internet Computer to Saudi Riyal is rising this week.
Internet Computer's current market price is ر.س 54.89 per ICP, with a total market cap of ر.س 25,416,062,369.2 SAR based on a circulating supply of 463,075,230 ICP. The trading volume of Internet Computer has changed by -5.84% (ر.س -32,149,639.36 SAR) in the last 24 hours. Last trading day, ICP's trading volume was ر.س 550,488,670.92.
Market cap
$6.78B
24h volume
$138.20M
Circulating supply
463.08M ICP

Conversion tables

The exchange rate of Internet Computer is decreasing.
1 ICP is currently valued at ر.س 54.89 SAR , which means buying 5 ICP will cost ر.س 274.43 SAR . Similarly, ر.س1 SAR can be traded for 0.01822 ICP, and ر.س50 SAR can be converted to 0.9110 ICP, excluding any platform or gas fees.
The exchange rate of 1 ICP to Saudi Riyal has changed by +22.01% in the last 7 days. In the last 24 hours, the rate has fluctuated by -2.02%, reaching a high of 57.19 SAR and a low of 54.38 SAR . One month ago, the value of 1 ICP was ر.س 55.66 SAR , which represents a -1.40% change from its current value. Over the last year, Internet Computer has changed by
+ر.س
0.9651SAR
, resulting in a change of +172.15% in its value.

ICP to SAR

Amount
19:52 today
0.5 ICP
ر.س27.44
1 ICP
ر.س54.89
5 ICP
ر.س274.43
10 ICP
ر.س548.85
50 ICP
ر.س2,744.27
100 ICP
ر.س5,488.54
500 ICP
ر.س27,442.69
1000 ICP
ر.س54,885.38

SAR to ICP

Amount19:52 today
0.5SAR0.009110  ICP
1SAR0.01822  ICP
5SAR0.09110  ICP
10SAR0.1822  ICP
50SAR0.9110  ICP
100SAR1.82  ICP
500SAR9.11  ICP
1000SAR18.22  ICP
share

Today vs. 24 hours ago

Amount19:52 today24 hours ago24h change
0.5 ICP$7.32$7.47
-2.02%
1 ICP$14.63$14.93
-2.02%
5 ICP$73.17$74.67
-2.02%
10 ICP$146.33$149.34
-2.02%
50 ICP$731.67$746.72
-2.02%
100 ICP$1,463.34$1,493.44
-2.02%
500 ICP$7,316.68$7,467.22
-2.02%
1000 ICP$14,633.37$14,934.44
-2.02%

Today vs. 1 month ago

Amount19:52 today1 month ago1M change
0.5 ICP$7.32$7.42
-1.40%
1 ICP$14.63$14.84
-1.40%
5 ICP$73.17$74.2
-1.40%
10 ICP$146.33$148.41
-1.40%
50 ICP$731.67$742.04
-1.40%
100 ICP$1,463.34$1,484.07
-1.40%
500 ICP$7,316.68$7,420.36
-1.40%
1000 ICP$14,633.37$14,840.71
-1.40%

Today vs. 1 year ago

Amount19:52 today1 year ago1Y change
0.5 ICP$7.32$2.69
+172.15%
1 ICP$14.63$5.38
+172.15%
5 ICP$73.17$26.88
+172.15%
10 ICP$146.33$53.76
+172.15%
50 ICP$731.67$268.8
+172.15%
100 ICP$1,463.34$537.61
+172.15%
500 ICP$7,316.68$2,688.03
+172.15%
1000 ICP$14,633.37$5,376.06
+172.15%

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.