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base info Polygon

Polygon to Saudi Riyal Converter and calculator

Convert 1Polygon (MATIC) to Saudi Riyal (SAR) equals ر.س 2.77 | 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 Polygon(MATIC) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 MATIC at a value of 1 MATIC for 2.77 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 Polygon currency pair is the MATIC to SAR, with for Polygon's currency code being MATIC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.

MATIC to SAR conversion rate trend

1D7D1M3M1YAll
In the past 1D, Polygon has changed +10.24% to SAR. Based on the trend and price charts, Polygon(MATIC) has changed +10.24% to SAR while Saudi Riyal(SAR) has changed % to MATIC in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
ر.س2.76
0.0001% / 0.0004%vip-iconVIP
Binance
ر.س2.76
0.1000% / 0.1000%
Yes
Coinbase Exchange
ر.س2.76
0.1000% / 0.1000%
Yes
Kraken
ر.س2.76
0.1000% / 0.1000%
Yes
OKX
ر.س2.76
0.080% / 0.100%
Yes
Huobi
ر.س2.76
0.1000% / 0.1000%
Yes
Gate.io
ر.س2.76
0.1000% / 0.1000%
Yes
Bybit
ر.س2.76
0.1000% / 0.1000%
Yes
KuCoin
ر.س2.76
0.1000% / 0.1000%
Yes
Bitfinex
ر.س2.76
0.1000% / 0.1000%
Yes
Last updated 2024/04/20 20:00:35(UTC+0)

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

Polygon to Saudi Riyal is rising this week.
Polygon's current market price is ر.س 2.77 per MATIC, with a total market cap of ر.س 27,406,140,393.6 SAR based on a circulating supply of 9,894,740,000 MATIC. The trading volume of Polygon has changed by -37.37% (ر.س -571,567,577.15 SAR) in the last 24 hours. Last trading day, MATIC's trading volume was ر.س 1,529,654,328.7.
Market cap
$7.31B
24h volume
$255.39M
Circulating supply
9.89B MATIC

Conversion tables

The exchange rate of Polygon is decreasing.
1 MATIC is currently valued at ر.س 2.77 SAR , which means buying 5 MATIC will cost ر.س 13.85 SAR . Similarly, ر.س1 SAR can be traded for 0.3610 MATIC, and ر.س50 SAR can be converted to 18.05 MATIC, excluding any platform or gas fees.
The exchange rate of 1 MATIC to Saudi Riyal has changed by +16.90% in the last 7 days. In the last 24 hours, the rate has fluctuated by +10.24%, reaching a high of 2.77 SAR and a low of 2.49 SAR . One month ago, the value of 1 MATIC was ر.س 3.71 SAR , which represents a -25.36% change from its current value. Over the last year, Polygon has changed by
-ر.س
1.02SAR
, resulting in a change of -26.91% in its value.

MATIC to SAR

Amount
20:47 today
0.5 MATIC
ر.س1.38
1 MATIC
ر.س2.77
5 MATIC
ر.س13.85
10 MATIC
ر.س27.7
50 MATIC
ر.س138.49
100 MATIC
ر.س276.98
500 MATIC
ر.س1,384.88
1000 MATIC
ر.س2,769.77

SAR to MATIC

Amount20:47 today
0.5SAR0.1805  MATIC
1SAR0.3610  MATIC
5SAR1.81  MATIC
10SAR3.61  MATIC
50SAR18.05  MATIC
100SAR36.1  MATIC
500SAR180.52  MATIC
1000SAR361.04  MATIC
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Today vs. 24 hours ago

Amount20:47 today24 hours ago24h change
0.5 MATIC$0.3692$0.3349
+10.24%
1 MATIC$0.7383$0.6697
+10.24%
5 MATIC$3.69$3.35
+10.24%
10 MATIC$7.38$6.7
+10.24%
50 MATIC$36.92$33.49
+10.24%
100 MATIC$73.83$66.97
+10.24%
500 MATIC$369.16$334.86
+10.24%
1000 MATIC$738.33$669.73
+10.24%

Today vs. 1 month ago

Amount20:47 today1 month ago1M change
0.5 MATIC$0.3692$0.4946
-25.36%
1 MATIC$0.7383$0.9893
-25.36%
5 MATIC$3.69$4.95
-25.36%
10 MATIC$7.38$9.89
-25.36%
50 MATIC$36.92$49.46
-25.36%
100 MATIC$73.83$98.93
-25.36%
500 MATIC$369.16$494.63
-25.36%
1000 MATIC$738.33$989.26
-25.36%

Today vs. 1 year ago

Amount20:47 today1 year ago1Y change
0.5 MATIC$0.3692$0.5051
-26.91%
1 MATIC$0.7383$1.01
-26.91%
5 MATIC$3.69$5.05
-26.91%
10 MATIC$7.38$10.1
-26.91%
50 MATIC$36.92$50.51
-26.91%
100 MATIC$73.83$101.02
-26.91%
500 MATIC$369.16$505.09
-26.91%
1000 MATIC$738.33$1,010.18
-26.91%

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.