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base info Mantle

Mantle to Saudi Riyal Converter and calculator

Convert 1Mantle (MNT) to Saudi Riyal (SAR) equals ر.س 4.23 | 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 Mantle currency pair is the MNT to SAR, with for Mantle's currency code being MNT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.

MNT to SAR conversion rate trend

1D7D1M3M1YAll
In the past 1D, Mantle has changed -1.09% to SAR. Based on the trend and price charts, Mantle(MNT) has changed -1.09% to SAR while Saudi Riyal(SAR) has changed % to MNT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
ر.س4.23
0.0001% / 0.0004%vip-iconVIP
Huobi
ر.س4.13
0.1000% / 0.1000%
Yes
Gate.io
ر.س4.13
0.1000% / 0.1000%
Yes
Bybit
ر.س4.13
0.1000% / 0.1000%
Yes
KuCoin
ر.س4.13
0.1000% / 0.1000%
Yes
Last updated 2024/04/15 19:00:31(UTC+0)

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

Mantle to Saudi Riyal is falling this week.
Mantle's current market price is ر.س 4.23 per MNT, with a total market cap of ر.س 13,811,809,465.43 SAR based on a circulating supply of 3,264,441,600 MNT. The trading volume of Mantle has changed by -39.80% (ر.س -221,987,403.27 SAR) in the last 24 hours. Last trading day, MNT's trading volume was ر.س 557,699,843.16.
Market cap
$3.68B
24h volume
$89.50M
Circulating supply
3.26B MNT

Conversion tables

The exchange rate of Mantle is increasing.
1 MNT is currently valued at ر.س 4.23 SAR , which means buying 5 MNT will cost ر.س 21.15 SAR . Similarly, ر.س1 SAR can be traded for 0.2364 MNT, and ر.س50 SAR can be converted to 11.82 MNT, excluding any platform or gas fees.
The exchange rate of 1 MNT to Saudi Riyal has changed by -20.98% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.09%, reaching a high of 4.49 SAR and a low of 4.09 SAR . One month ago, the value of 1 MNT was ر.س 3.16 SAR , which represents a +34.12% change from its current value. Over the last year, Mantle has changed by
+ر.س
0.4765SAR
, resulting in a change of --% in its value.

MNT to SAR

Amount
19:58 today
0.5 MNT
ر.س2.12
1 MNT
ر.س4.23
5 MNT
ر.س21.15
10 MNT
ر.س42.31
50 MNT
ر.س211.55
100 MNT
ر.س423.1
500 MNT
ر.س2,115.49
1000 MNT
ر.س4,230.99

SAR to MNT

Amount19:58 today
0.5SAR0.1182  MNT
1SAR0.2364  MNT
5SAR1.18  MNT
10SAR2.36  MNT
50SAR11.82  MNT
100SAR23.64  MNT
500SAR118.18  MNT
1000SAR236.35  MNT
share

Today vs. 24 hours ago

Amount19:58 today24 hours ago24h change
0.5 MNT$0.5640$0.5702
-1.09%
1 MNT$1.13$1.14
-1.09%
5 MNT$5.64$5.7
-1.09%
10 MNT$11.28$11.4
-1.09%
50 MNT$56.4$57.02
-1.09%
100 MNT$112.8$114.04
-1.09%
500 MNT$563.98$570.22
-1.09%
1000 MNT$1,127.96$1,140.43
-1.09%

Today vs. 1 month ago

Amount19:58 today1 month ago1M change
0.5 MNT$0.5640$0.4206
+34.12%
1 MNT$1.13$0.8413
+34.12%
5 MNT$5.64$4.21
+34.12%
10 MNT$11.28$8.41
+34.12%
50 MNT$56.4$42.06
+34.12%
100 MNT$112.8$84.13
+34.12%
500 MNT$563.98$420.64
+34.12%
1000 MNT$1,127.96$841.28
+34.12%

Today vs. 1 year ago

Amount19:58 today1 year ago1Y change
0.5 MNT$0.5640$0.0004629
--
1 MNT$1.13$0.0009258
--
5 MNT$5.64$0.004629
--
10 MNT$11.28$0.009258
--
50 MNT$56.4$0.04629
--
100 MNT$112.8$0.09258
--
500 MNT$563.98$0.4629
--
1000 MNT$1,127.96$0.9258
--

FAQ

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