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IOTA to Saudi Riyal Converter and calculator

Convert 1IOTA (IOTA) to Saudi Riyal (SAR) equals ر.س 0.8425 | 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 IOTA(IOTA) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 IOTA at a value of 1 IOTA for 0.84 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 IOTA currency pair is the IOTA to SAR, with for IOTA's currency code being IOTA. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.

IOTA to SAR conversion rate trend

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In the past 1D, IOTA has changed -1.72% to SAR. Based on the trend and price charts, IOTA(IOTA) has changed -1.72% to SAR while Saudi Riyal(SAR) has changed % to IOTA in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
ر.س0.8425
0.0001% / 0.0004%vip-iconVIP
Binance
ر.س0.8465
0.1000% / 0.1000%
Yes
OKX
ر.س0.8465
0.080% / 0.100%
Yes
Huobi
ر.س0.9181
0.1000% / 0.1000%
Yes
Gate.io
ر.س0.8480
0.1000% / 0.1000%
Yes
KuCoin
ر.س0.8461
0.1000% / 0.1000%
Yes
Last updated 2024/05/29 16:00:17(UTC+0)

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

IOTA to Saudi Riyal is falling this week.
IOTA's current market price is ر.س 0.8425 per IOTA, with a total market cap of ر.س 2,769,372,288.14 SAR based on a circulating supply of 3,286,918,400 IOTA. The trading volume of IOTA has changed by -7.61% (ر.س -5,400,859.70 SAR) in the last 24 hours. Last trading day, IOTA's trading volume was ر.س 70,940,730.6.
Market cap
$738.38M
24h volume
$17.47M
Circulating supply
3.29B IOTA

Conversion tables

The exchange rate of IOTA is increasing.
1 IOTA is currently valued at ر.س 0.8425 SAR , which means buying 5 IOTA will cost ر.س 4.21 SAR . Similarly, ر.س1 SAR can be traded for 1.19 IOTA, and ر.س50 SAR can be converted to 59.34 IOTA, excluding any platform or gas fees.
The exchange rate of 1 IOTA to Saudi Riyal has changed by -2.81% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.72%, reaching a high of 0.8749 SAR and a low of 0.8423 SAR . One month ago, the value of 1 IOTA was ر.س 0.8394 SAR , which represents a +0.38% change from its current value. Over the last year, IOTA has changed by
+ر.س
0.05489SAR
, resulting in a change of +6.97% in its value.

IOTA to SAR

Amount
16:10 today
0.5 IOTA
ر.س0.4213
1 IOTA
ر.س0.8425
5 IOTA
ر.س4.21
10 IOTA
ر.س8.43
50 IOTA
ر.س42.13
100 IOTA
ر.س84.25
500 IOTA
ر.س421.27
1000 IOTA
ر.س842.54

SAR to IOTA

Amount16:10 today
0.5SAR0.5934  IOTA
1SAR1.19  IOTA
5SAR5.93  IOTA
10SAR11.87  IOTA
50SAR59.34  IOTA
100SAR118.69  IOTA
500SAR593.44  IOTA
1000SAR1,186.88  IOTA
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Today vs. 24 hours ago

Amount16:10 today24 hours ago24h change
0.5 IOTA$0.1123$0.1143
-1.72%
1 IOTA$0.2246$0.2286
-1.72%
5 IOTA$1.12$1.14
-1.72%
10 IOTA$2.25$2.29
-1.72%
50 IOTA$11.23$11.43
-1.72%
100 IOTA$22.46$22.86
-1.72%
500 IOTA$112.32$114.28
-1.72%
1000 IOTA$224.64$228.57
-1.72%

Today vs. 1 month ago

Amount16:10 today1 month ago1M change
0.5 IOTA$0.1123$0.1119
+0.38%
1 IOTA$0.2246$0.2238
+0.38%
5 IOTA$1.12$1.12
+0.38%
10 IOTA$2.25$2.24
+0.38%
50 IOTA$11.23$11.19
+0.38%
100 IOTA$22.46$22.38
+0.38%
500 IOTA$112.32$111.9
+0.38%
1000 IOTA$224.64$223.8
+0.38%
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Today vs. 1 year ago

Amount16:10 today1 year ago1Y change
0.5 IOTA$0.1123$0.1050
+6.97%
1 IOTA$0.2246$0.2100
+6.97%
5 IOTA$1.12$1.05
+6.97%
10 IOTA$2.25$2.1
+6.97%
50 IOTA$11.23$10.5
+6.97%
100 IOTA$22.46$21
+6.97%
500 IOTA$112.32$105
+6.97%
1000 IOTA$224.64$210.01
+6.97%

IOTA price prediction

What will the price of IOTA be in 2025?

Based on IOTA's historical price performance prediction model, the price of IOTA is projected to reach $0.2885 in 2025.

What will the price of IOTA be in 2030?

In 2030, the IOTA price is expected to rise by -4.00%. By the end of 2030, the IOTA price is projected to reach $0.6509, with a cumulative ROI of +189.73%.
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FAQ

What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between IOTA and SAR.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as IOTA and SAR. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of IOTA in SAR, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.

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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.