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base info Monero

Monero to Saudi Riyal Converter and calculator

Convert 1Monero (XMR) to Saudi Riyal (SAR) equals ر.س 451.82 | 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 Monero currency pair is the XMR to SAR, with for Monero's currency code being XMR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.

XMR to SAR conversion rate trend

1D7D1M3M1YAll
In the past 1D, Monero has changed +1.47% to SAR. Based on the trend and price charts, Monero(XMR) has changed +1.47% to SAR while Saudi Riyal(SAR) has changed % to XMR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
ر.س451.82
0.0001% / 0.0004%vip-iconVIP
Binance
ر.س445.24
0.1000% / 0.1000%
Yes
Kraken
ر.س456.91
0.1000% / 0.1000%
Yes
OKX
ر.س596.41
0.080% / 0.100%
Yes
Huobi
ر.س457.51
0.1000% / 0.1000%
Yes
Gate.io
ر.س457.13
0.1000% / 0.1000%
Yes
KuCoin
ر.س457.21
0.1000% / 0.1000%
Yes
Bitfinex
ر.س457.06
0.1000% / 0.1000%
Yes
Last updated 2024/04/15 20:00:29(UTC+0)

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

Monero to Saudi Riyal is falling this week.
Monero's current market price is ر.س 451.82 per XMR, with a total market cap of ر.س 8,324,394,160.46 SAR based on a circulating supply of 18,424,046 XMR. The trading volume of Monero has changed by -3.98% (ر.س -8,260,681.60 SAR) in the last 24 hours. Last trading day, XMR's trading volume was ر.س 207,601,759.19.
Market cap
$2.22B
24h volume
$53.14M
Circulating supply
18.42M XMR

Conversion tables

The exchange rate of Monero is decreasing.
1 XMR is currently valued at ر.س 451.82 SAR , which means buying 5 XMR will cost ر.س 2,259.11 SAR . Similarly, ر.س1 SAR can be traded for 0.002213 XMR, and ر.س50 SAR can be converted to 0.1107 XMR, excluding any platform or gas fees.
The exchange rate of 1 XMR to Saudi Riyal has changed by -10.46% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.47%, reaching a high of 477.46 SAR and a low of 436.35 SAR . One month ago, the value of 1 XMR was ر.س 510.61 SAR , which represents a -11.52% change from its current value. Over the last year, Monero has changed by
-ر.س
160.81SAR
, resulting in a change of -26.25% in its value.

XMR to SAR

Amount
20:28 today
0.5 XMR
ر.س225.91
1 XMR
ر.س451.82
5 XMR
ر.س2,259.11
10 XMR
ر.س4,518.22
50 XMR
ر.س22,591.11
100 XMR
ر.س45,182.23
500 XMR
ر.س225,911.14
1000 XMR
ر.س451,822.28

SAR to XMR

Amount20:28 today
0.5SAR0.001107  XMR
1SAR0.002213  XMR
5SAR0.01107  XMR
10SAR0.02213  XMR
50SAR0.1107  XMR
100SAR0.2213  XMR
500SAR1.11  XMR
1000SAR2.21  XMR
share

Today vs. 24 hours ago

Amount20:28 today24 hours ago24h change
0.5 XMR$60.23$59.36
+1.47%
1 XMR$120.45$118.71
+1.47%
5 XMR$602.27$593.57
+1.47%
10 XMR$1,204.54$1,187.14
+1.47%
50 XMR$6,022.69$5,935.71
+1.47%
100 XMR$12,045.38$11,871.42
+1.47%
500 XMR$60,226.91$59,357.11
+1.47%
1000 XMR$120,453.82$118,714.22
+1.47%

Today vs. 1 month ago

Amount20:28 today1 month ago1M change
0.5 XMR$60.23$68.06
-11.52%
1 XMR$120.45$136.13
-11.52%
5 XMR$602.27$680.63
-11.52%
10 XMR$1,204.54$1,361.26
-11.52%
50 XMR$6,022.69$6,806.3
-11.52%
100 XMR$12,045.38$13,612.6
-11.52%
500 XMR$60,226.91$68,063.02
-11.52%
1000 XMR$120,453.82$136,126.05
-11.52%

Today vs. 1 year ago

Amount20:28 today1 year ago1Y change
0.5 XMR$60.23$81.66
-26.25%
1 XMR$120.45$163.32
-26.25%
5 XMR$602.27$816.62
-26.25%
10 XMR$1,204.54$1,633.24
-26.25%
50 XMR$6,022.69$8,166.22
-26.25%
100 XMR$12,045.38$16,332.44
-26.25%
500 XMR$60,226.91$81,662.21
-26.25%
1000 XMR$120,453.82$163,324.43
-26.25%

FAQ

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