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base info NEAR Protocol

NEAR Protocol to Kyrgystani Som Converter and calculator

Convert 1NEAR Protocol (NEAR) to Kyrgystani Som (KGS) equals с 556.99 | 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 NEAR Protocol(NEAR) to Kyrgystani Som(KGS). This is the real-time data. The current conversion shows 1 NEAR at a value of 1 NEAR for 556.99 KGS . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

KGS information

About Kyrgystani Som (KGS)

The Kyrgyzstani Som, introduced in 1993, is more than just the official currency of Kyrgyzstan; it represents a crucial aspect of the nation's post-Soviet economic and cultural identity. It is commonly abbreviated as KGS and represented by the symbol с. The Som's introduction was a significant step in establishing Kyrgyzstan's monetary independence following the dissolution of the Soviet Union.

Historical Background

The introduction of the Kyrgyzstani Som in May 1993 was a critical event in the nation's history, marking its transition from the Soviet ruble and signifying newfound economic sovereignty. This change was not merely monetary; it symbolized the birth of a new national identity and the start of an independent economic journey.

Design and Symbolism

The design of the Kyrgyzstani Som is a rich tapestry of the country's heritage and aspirations. Banknotes and coins feature prominent historical figures, landmarks, and symbols that reflect Kyrgyzstan’s rich history, culture, and natural landscapes. These designs are a source of national pride and a tool for educating citizens and visitors about the country's legacy.

Economic Role

As Kyrgyzstan's primary medium of exchange, the Som is central to its economy. The country, characterized by its mountainous terrain, has a mixed economic system with key sectors including agriculture, mining, and a growing service sector. The Som facilitates domestic and international transactions, playing a vital role in the nation's economic activities and stability.

Monetary Policy and Inflation

Managed by the National Bank of Kyrgyzstan, the Som has faced challenges such as inflation and fluctuating exchange rates. The central bank's monetary policies aim to stabilize the currency, control inflation, and foster conditions conducive to economic growth and stability.

International Trade and the Kyrgyzstani Som

The Som’s exchange rate plays a significant role in international trade, particularly in dealings with its major trading partners, including Russia and China. A stable and competitive exchange rate is crucial for maintaining healthy trade relationships and attracting foreign investment.

Remittances and Economic Impact

Remittances from Kyrgyz citizens working abroad, especially in Russia and Kazakhstan, are a significant source of foreign income. These funds, converted into Soms, support many households and contribute to the national economy.

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Bitget crypto-to-fiat exchange data shows that the most popular NEAR Protocol currency pair is the NEAR to KGS, with for NEAR Protocol's currency code being NEAR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for KGS.

NEAR to KGS conversion rate trend

1D7D1M3M1YAll
In the past 1D, NEAR Protocol has changed +9.90% to KGS. Based on the trend and price charts, NEAR Protocol(NEAR) has changed +9.90% to KGS while Kyrgystani Som(KGS) has changed % to NEAR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
с557.78
0.0001% / 0.0004%vip-iconVIP
Binance
с557.96
0.1000% / 0.1000%
Yes
Coinbase Exchange
с555.02
0.1000% / 0.1000%
Yes
OKX
с558.4
0.080% / 0.100%
Yes
Huobi
с557.99
0.1000% / 0.1000%
Yes
Gate.io
с558.04
0.1000% / 0.1000%
Yes
Bybit
с557.61
0.1000% / 0.1000%
Yes
KuCoin
с558.08
0.1000% / 0.1000%
Yes
Bitfinex
с557.14
0.1000% / 0.1000%
Yes
Last updated 2024/04/21 02:00:37(UTC+0)

What factors influence the conversion rate of NEAR Protocol to Kyrgystani Som?

NEAR Protocol to Kyrgystani Som is rising this week.
NEAR Protocol's current market price is с 556.99 per NEAR, with a total market cap of с 592,860,053,591.42 KGS based on a circulating supply of 1,064,408,260 NEAR. The trading volume of NEAR Protocol has changed by -29.18% (с -13,656,461,946.59 KGS) in the last 24 hours. Last trading day, NEAR's trading volume was с 46,795,949,513.74.
Market cap
$6.66B
24h volume
$372.28M
Circulating supply
1.06B NEAR

Conversion tables

The exchange rate of NEAR Protocol is decreasing.
1 NEAR is currently valued at с 556.99 KGS , which means buying 5 NEAR will cost с 2,784.93 KGS . Similarly, с1 KGS can be traded for 0.001795 NEAR, and с50 KGS can be converted to 0.08977 NEAR, excluding any platform or gas fees.
The exchange rate of 1 NEAR to Kyrgystani Som has changed by +21.58% in the last 7 days. In the last 24 hours, the rate has fluctuated by +9.90%, reaching a high of 562.72 KGS and a low of 495.61 KGS . One month ago, the value of 1 NEAR was с 558.57 KGS , which represents a -0.28% change from its current value. Over the last year, NEAR Protocol has changed by
+с
29.51KGS
, resulting in a change of +225.38% in its value.

NEAR to KGS

Amount
02:02 am today
0.5 NEAR
с278.49
1 NEAR
с556.99
5 NEAR
с2,784.93
10 NEAR
с5,569.86
50 NEAR
с27,849.28
100 NEAR
с55,698.56
500 NEAR
с278,492.79
1000 NEAR
с556,985.59

KGS to NEAR

Amount02:02 am today
0.5KGS0.0008977  NEAR
1KGS0.001795  NEAR
5KGS0.008977  NEAR
10KGS0.01795  NEAR
50KGS0.08977  NEAR
100KGS0.1795  NEAR
500KGS0.8977  NEAR
1000KGS1.8  NEAR
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Today vs. 24 hours ago

Amount02:02 am today24 hours ago24h change
0.5 NEAR$3.13$2.85
+9.90%
1 NEAR$6.26$5.69
+9.90%
5 NEAR$31.29$28.47
+9.90%
10 NEAR$62.57$56.94
+9.90%
50 NEAR$312.86$284.68
+9.90%
100 NEAR$625.71$569.36
+9.90%
500 NEAR$3,128.55$2,846.78
+9.90%
1000 NEAR$6,257.11$5,693.56
+9.90%

Today vs. 1 month ago

Amount02:02 am today1 month ago1M change
0.5 NEAR$3.13$3.14
-0.28%
1 NEAR$6.26$6.27
-0.28%
5 NEAR$31.29$31.37
-0.28%
10 NEAR$62.57$62.75
-0.28%
50 NEAR$312.86$313.74
-0.28%
100 NEAR$625.71$627.49
-0.28%
500 NEAR$3,128.55$3,137.43
-0.28%
1000 NEAR$6,257.11$6,274.87
-0.28%

Today vs. 1 year ago

Amount02:02 am today1 year ago1Y change
0.5 NEAR$3.13$0.9628
+225.38%
1 NEAR$6.26$1.93
+225.38%
5 NEAR$31.29$9.63
+225.38%
10 NEAR$62.57$19.26
+225.38%
50 NEAR$312.86$96.28
+225.38%
100 NEAR$625.71$192.55
+225.38%
500 NEAR$3,128.55$962.77
+225.38%
1000 NEAR$6,257.11$1,925.54
+225.38%

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.