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base info Optimism

Optimism to Kyrgystani Som Converter and calculator

Convert 1Optimism (OP) to Kyrgystani Som (KGS) equals с 209.8 | Bitget

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 Optimism currency pair is the OP to KGS, with for Optimism's currency code being OP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for KGS.

OP to KGS conversion rate trend

1D7D1M3M1YAll
In the past 1D, Optimism has changed +11.57% to KGS. Based on the trend and price charts, Optimism(OP) has changed +11.57% to KGS while Kyrgystani Som(KGS) has changed % to OP in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
с209.1
0.0001% / 0.0004%vip-iconVIP
Binance
с208.9
0.1000% / 0.1000%
Yes
Coinbase Exchange
с209.08
0.1000% / 0.1000%
Yes
OKX
с208.92
0.080% / 0.100%
Yes
Huobi
с209.16
0.1000% / 0.1000%
Yes
Gate.io
с208.91
0.1000% / 0.1000%
Yes
Bybit
с208.99
0.1000% / 0.1000%
Yes
KuCoin
с209.08
0.1000% / 0.1000%
Yes
Bitfinex
с208.88
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 23:00:33(UTC+0)

What factors influence the conversion rate of Optimism to Kyrgystani Som?

Optimism to Kyrgystani Som is falling this week.
Optimism's current market price is с 209.8 per OP, with a total market cap of с 211,087,698,410.23 KGS based on a circulating supply of 1,006,141,600 OP. The trading volume of Optimism has changed by -22.41% (с -12,637,833,972.80 KGS) in the last 24 hours. Last trading day, OP's trading volume was с 56,401,779,695.47.
Market cap
$2.37B
24h volume
$491.07M
Circulating supply
1.01B OP

Conversion tables

The exchange rate of Optimism is decreasing.
1 OP is currently valued at с 209.8 KGS , which means buying 5 OP will cost с 1,049 KGS . Similarly, с1 KGS can be traded for 0.004766 OP, and с50 KGS can be converted to 0.2383 OP, excluding any platform or gas fees.
The exchange rate of 1 OP to Kyrgystani Som has changed by -25.22% in the last 7 days. In the last 24 hours, the rate has fluctuated by +11.57%, reaching a high of 209.78 KGS and a low of 184.11 KGS . One month ago, the value of 1 OP was с 338.41 KGS , which represents a -38.01% change from its current value. Over the last year, Optimism has changed by
-с
32.89KGS
, resulting in a change of -13.55% in its value.

OP to KGS

Amount
23:17 today
0.5 OP
с104.9
1 OP
с209.8
5 OP
с1,049
10 OP
с2,097.99
50 OP
с10,489.96
100 OP
с20,979.92
500 OP
с104,899.6
1000 OP
с209,799.2

KGS to OP

Amount23:17 today
0.5KGS0.002383  OP
1KGS0.004766  OP
5KGS0.02383  OP
10KGS0.04766  OP
50KGS0.2383  OP
100KGS0.4766  OP
500KGS2.38  OP
1000KGS4.77  OP
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Today vs. 24 hours ago

Amount23:17 today24 hours ago24h change
0.5 OP$1.18$1.05
+11.57%
1 OP$2.35$2.11
+11.57%
5 OP$11.77$10.55
+11.57%
10 OP$23.54$21.1
+11.57%
50 OP$117.71$105.5
+11.57%
100 OP$235.41$211
+11.57%
500 OP$1,177.06$1,054.98
+11.57%
1000 OP$2,354.12$2,109.96
+11.57%

Today vs. 1 month ago

Amount23:17 today1 month ago1M change
0.5 OP$1.18$1.9
-38.01%
1 OP$2.35$3.8
-38.01%
5 OP$11.77$18.99
-38.01%
10 OP$23.54$37.97
-38.01%
50 OP$117.71$189.86
-38.01%
100 OP$235.41$379.73
-38.01%
500 OP$1,177.06$1,898.63
-38.01%
1000 OP$2,354.12$3,797.27
-38.01%

Today vs. 1 year ago

Amount23:17 today1 year ago1Y change
0.5 OP$1.18$1.36
-13.55%
1 OP$2.35$2.72
-13.55%
5 OP$11.77$13.62
-13.55%
10 OP$23.54$27.23
-13.55%
50 OP$117.71$136.16
-13.55%
100 OP$235.41$272.32
-13.55%
500 OP$1,177.06$1,361.58
-13.55%
1000 OP$2,354.12$2,723.17
-13.55%

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.