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base info Ondo

Ondo to Saudi Riyal Converter and calculator

Convert 1Ondo (ONDO) to Saudi Riyal (SAR) equals ر.س 3.55 | 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 Ondo(ONDO) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 ONDO at a value of 1 ONDO for 3.55 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 Ondo currency pair is the ONDO to SAR, with for Ondo's currency code being ONDO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.

ONDO to SAR conversion rate trend

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In the past 1D, Ondo has changed -8.48% to SAR. Based on the trend and price charts, Ondo(ONDO) has changed -8.48% to SAR while Saudi Riyal(SAR) has changed % to ONDO in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
ر.س3.59
0.0001% / 0.0004%vip-iconVIP
Huobi
ر.س3.59
0.1000% / 0.1000%
Yes
Gate.io
ر.س3.59
0.1000% / 0.1000%
Yes
Bybit
ر.س3.59
0.1000% / 0.1000%
Yes
KuCoin
ر.س3.59
0.1000% / 0.1000%
Yes
Last updated 2024/05/19 07:00:21(UTC+0)

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

Ondo to Saudi Riyal is rising this week.
Ondo's current market price is ر.س 3.55 per ONDO, with a total market cap of ر.س 4,928,406,113.67 SAR based on a circulating supply of 1,389,759,900 ONDO. The trading volume of Ondo has changed by -33.05% (ر.س -415,942,207.99 SAR) in the last 24 hours. Last trading day, ONDO's trading volume was ر.س 1,258,657,370.65.
Market cap
$1.31B
24h volume
$224.72M
Circulating supply
1.39B ONDO

Conversion tables

The exchange rate of Ondo is increasing.
1 ONDO is currently valued at ر.س 3.55 SAR , which means buying 5 ONDO will cost ر.س 17.73 SAR . Similarly, ر.س1 SAR can be traded for 0.2820 ONDO, and ر.س50 SAR can be converted to 14.1 ONDO, excluding any platform or gas fees.
The exchange rate of 1 ONDO to Saudi Riyal has changed by +21.18% in the last 7 days. In the last 24 hours, the rate has fluctuated by -8.48%, reaching a high of 3.92 SAR and a low of 3.46 SAR . One month ago, the value of 1 ONDO was ر.س 2.93 SAR , which represents a +21.10% change from its current value. Over the last year, Ondo has changed by
+ر.س
3.55SAR
, resulting in a change of --% in its value.

ONDO to SAR

Amount
07:41 am today
0.5 ONDO
ر.س1.77
1 ONDO
ر.س3.55
5 ONDO
ر.س17.73
10 ONDO
ر.س35.46
50 ONDO
ر.س177.31
100 ONDO
ر.س354.62
500 ONDO
ر.س1,773.11
1000 ONDO
ر.س3,546.23

SAR to ONDO

Amount07:41 am today
0.5SAR0.1410  ONDO
1SAR0.2820  ONDO
5SAR1.41  ONDO
10SAR2.82  ONDO
50SAR14.1  ONDO
100SAR28.2  ONDO
500SAR140.99  ONDO
1000SAR281.99  ONDO
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Today vs. 24 hours ago

Amount07:41 am today24 hours ago24h change
0.5 ONDO$0.4728$0.5166
-8.48%
1 ONDO$0.9457$1.03
-8.48%
5 ONDO$4.73$5.17
-8.48%
10 ONDO$9.46$10.33
-8.48%
50 ONDO$47.28$51.66
-8.48%
100 ONDO$94.57$103.33
-8.48%
500 ONDO$472.83$516.63
-8.48%
1000 ONDO$945.66$1,033.26
-8.48%

Today vs. 1 month ago

Amount07:41 am today1 month ago1M change
0.5 ONDO$0.4728$0.3904
+21.10%
1 ONDO$0.9457$0.7809
+21.10%
5 ONDO$4.73$3.9
+21.10%
10 ONDO$9.46$7.81
+21.10%
50 ONDO$47.28$39.04
+21.10%
100 ONDO$94.57$78.09
+21.10%
500 ONDO$472.83$390.44
+21.10%
1000 ONDO$945.66$780.88
+21.10%
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Today vs. 1 year ago

Amount07:41 am today1 year ago1Y change
0.5 ONDO$0.4728$0.{4}1162
--
1 ONDO$0.9457$0.{4}2325
--
5 ONDO$4.73$0.0001162
--
10 ONDO$9.46$0.0002325
--
50 ONDO$47.28$0.001162
--
100 ONDO$94.57$0.002325
--
500 ONDO$472.83$0.01162
--
1000 ONDO$945.66$0.02325
--

Ondo price prediction

What will the price of ONDO be in 2025?

Based on ONDO's historical price performance prediction model, the price of ONDO is projected to reach -- in 2025.

What will the price of ONDO be in 2030?

In 2030, the ONDO price is expected to rise by +9.00%. By the end of 2030, the ONDO price is projected to reach --, with a cumulative ROI of 0.00%.
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