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Maker to Saudi Riyal Converter and calculator

Convert 1Maker (MKR) to Saudi Riyal (SAR) equals ر.س 11,743.09 | 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 Maker(MKR) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 MKR at a value of 1 MKR for 11,743.09 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 Maker currency pair is the MKR to SAR, with for Maker's currency code being MKR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.

MKR to SAR conversion rate trend

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In the past 1D, Maker has changed +4.58% to SAR. Based on the trend and price charts, Maker(MKR) has changed +4.58% to SAR while Saudi Riyal(SAR) has changed % to MKR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
ر.س11,737.94
0.0001% / 0.0004%vip-iconVIP
Binance
ر.س11,760.64
0.1000% / 0.1000%
Yes
OKX
ر.س11,754.64
0.080% / 0.100%
Yes
Huobi
ر.س11,753.1
0.1000% / 0.1000%
Yes
Gate.io
ر.س11,739.78
0.1000% / 0.1000%
Yes
Bybit
ر.س11,728.75
0.1000% / 0.1000%
Yes
KuCoin
ر.س11,740.76
0.1000% / 0.1000%
Yes
Bitfinex
ر.س11,732.5
0.1000% / 0.1000%
Yes
Last updated 2024/04/21 04:00:40(UTC+0)

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

Maker to Saudi Riyal is rising this week.
Maker's current market price is ر.س 11,743.09 per MKR, with a total market cap of ر.س 10,859,038,158.62 SAR based on a circulating supply of 924,717.25 MKR. The trading volume of Maker has changed by -21.72% (ر.س -85,489,003.15 SAR) in the last 24 hours. Last trading day, MKR's trading volume was ر.س 393,564,974.9.
Market cap
$2.89B
24h volume
$82.12M
Circulating supply
924.72K MKR

Conversion tables

The exchange rate of Maker is decreasing.
1 MKR is currently valued at ر.س 11,743.09 SAR , which means buying 5 MKR will cost ر.س 58,715.45 SAR . Similarly, ر.س1 SAR can be traded for 0.{4}8516 MKR, and ر.س50 SAR can be converted to 0.004258 MKR, excluding any platform or gas fees.
The exchange rate of 1 MKR to Saudi Riyal has changed by +9.08% in the last 7 days. In the last 24 hours, the rate has fluctuated by +4.58%, reaching a high of 11,845.37 SAR and a low of 11,213.02 SAR . One month ago, the value of 1 MKR was ر.س 12,312.84 SAR , which represents a -4.63% change from its current value. Over the last year, Maker has changed by
+ر.س
1,658.05SAR
, resulting in a change of +355.03% in its value.

MKR to SAR

Amount
04:54 am today
0.5 MKR
ر.س5,871.54
1 MKR
ر.س11,743.09
5 MKR
ر.س58,715.45
10 MKR
ر.س117,430.9
50 MKR
ر.س587,154.5
100 MKR
ر.س1,174,309
500 MKR
ر.س5,871,544.98
1000 MKR
ر.س11,743,089.95

SAR to MKR

Amount04:54 am today
0.5SAR0.{4}4258  MKR
1SAR0.{4}8516  MKR
5SAR0.0004258  MKR
10SAR0.0008516  MKR
50SAR0.004258  MKR
100SAR0.008516  MKR
500SAR0.04258  MKR
1000SAR0.08516  MKR
share

Today vs. 24 hours ago

Amount04:54 am today24 hours ago24h change
0.5 MKR$1,565.16$1,496.47
+4.58%
1 MKR$3,130.32$2,992.95
+4.58%
5 MKR$15,651.61$14,964.73
+4.58%
10 MKR$31,303.22$29,929.46
+4.58%
50 MKR$156,516.1$149,647.3
+4.58%
100 MKR$313,032.2$299,294.6
+4.58%
500 MKR$1,565,161$1,496,473
+4.58%
1000 MKR$3,130,322$2,992,946
+4.58%

Today vs. 1 month ago

Amount04:54 am today1 month ago1M change
0.5 MKR$1,565.16$1,641.1
-4.63%
1 MKR$3,130.32$3,282.2
-4.63%
5 MKR$15,651.61$16,411
-4.63%
10 MKR$31,303.22$32,821.99
-4.63%
50 MKR$156,516.1$164,109.96
-4.63%
100 MKR$313,032.2$328,219.92
-4.63%
500 MKR$1,565,161$1,641,099.6
-4.63%
1000 MKR$3,130,322$3,282,199.2
-4.63%

Today vs. 1 year ago

Amount04:54 am today1 year ago1Y change
0.5 MKR$1,565.16$344.17
+355.03%
1 MKR$3,130.32$688.34
+355.03%
5 MKR$15,651.61$3,441.71
+355.03%
10 MKR$31,303.22$6,883.41
+355.03%
50 MKR$156,516.1$34,417.05
+355.03%
100 MKR$313,032.2$68,834.11
+355.03%
500 MKR$1,565,161$344,170.53
+355.03%
1000 MKR$3,130,322$688,341.06
+355.03%

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.