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Shiba Inu to Omani Rial Converter and calculator

Convert 1Shiba Inu (SHIB) to Omani Rial (OMR) equals ر.ع. 0.{5}8601 | Bitget

OMR information

About Omani Rial (OMR)

The Omani Rial (OMR), introduced in 1973, is not only Oman's official currency but also a symbol of the nation's economic strength and cultural heritage. It is commonly abbreviated as OMR and represented by the symbol ر.ع. The Rial's introduction marked Oman's transition from the Indian Rupee and the Maria Theresa Thaler, symbolizing a new era of economic self-determination and modernization under Sultan Qaboos bin Said.

Historical Background

The adoption of the Omani Rial was a key step in Oman's post-colonial journey, reflecting the nation's aspiration to forge an independent economic identity. Replacing the Gulf Rupee, the Rial represented Oman's newfound economic independence and was instrumental in aligning its economy with international standards.

Design and Symbolism

The design of the Omani Rial is a celebration of Oman’s rich history and cultural heritage. Banknotes feature images of Sultan Qaboos, traditional Omani architecture, natural landmarks, and historical sites. These designs serve not only as a medium for financial transactions but also as reminders of Oman's heritage and the modern achievements under Sultan Qaboos’s reign.

Economic Role

The Omani Rial plays a crucial role in the nation’s economy, characterized by its substantial oil and gas reserves. As the primary currency, it underpins the oil sector, which is pivotal to Oman's economy, facilitating trade and investment and is vital for the country’s fiscal stability.

Monetary Policy and Stability

Managed by the Central Bank of Oman, the Rial is one of the highest-valued currencies in the world, reflecting Oman's economic stability and substantial hydrocarbon resources. The bank’s policies focus on maintaining the currency's value and stability, crucial for fostering a climate conducive to economic growth and investor confidence.

International Trade and the Omani Rial

The value of the Rial is significant in international trade, particularly for Oman's oil and gas exports. A stable and strong Rial is essential for maintaining competitive prices in the global market and attracting foreign investment in various sectors.

Remittances and the Economy

Remittances from Omanis working abroad and expatriates residing in Oman contribute to the country’s foreign exchange reserves. These inflows, exchanged into Rials, support the currency's stability and contribute to the national economy.

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

SHIB to OMR conversion rate trend

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In the past 1D, Shiba Inu has changed -8.07% to OMR. Based on the trend and price charts, Shiba Inu(SHIB) has changed -8.07% to OMR while Omani Rial(OMR) has changed % to SHIB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
ر.ع.0.{5}8572
0.0001% / 0.0004%vip-iconVIP
Binance
ر.ع.0.{5}8549
0.1000% / 0.1000%
Yes
Coinbase Exchange
ر.ع.0.{5}8583
0.1000% / 0.1000%
Yes
Kraken
ر.ع.0.{5}8552
0.1000% / 0.1000%
Yes
OKX
ر.ع.0.{5}8549
0.080% / 0.100%
Yes
Huobi
ر.ع.0.{5}8549
0.1000% / 0.1000%
Yes
Gate.io
ر.ع.0.{5}8614
0.1000% / 0.1000%
Yes
Bybit
ر.ع.0.{5}8576
0.1000% / 0.1000%
Yes
KuCoin
ر.ع.0.{5}8556
0.1000% / 0.1000%
Yes
Bitfinex
ر.ع.0.{5}8568
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 10:00:51(UTC+0)

What factors influence the conversion rate of Shiba Inu to Omani Rial?

Shiba Inu to Omani Rial is falling this week.
Shiba Inu's current market price is ر.ع. 0.{5}8601 per SHIB, with a total market cap of ر.ع. 5,068,614,204.52 OMR based on a circulating supply of 589,289,440,000,000 SHIB. The trading volume of Shiba Inu has changed by +45.64% (ر.ع. 211,066,231.07 OMR) in the last 24 hours. Last trading day, SHIB's trading volume was ر.ع. 462,439,624.7.
Market cap
$13.17B
24h volume
$1.75B
Circulating supply
589.29T SHIB

Conversion tables

The exchange rate of Shiba Inu is decreasing.
1 SHIB is currently valued at ر.ع. 0.{5}8601 OMR , which means buying 5 SHIB will cost ر.ع. 0.{4}4301 OMR . Similarly, ر.ع.1 OMR can be traded for 116,262.43 SHIB, and ر.ع.50 OMR can be converted to 5,813,121.68 SHIB, excluding any platform or gas fees.
The exchange rate of 1 SHIB to Omani Rial has changed by -20.47% in the last 7 days. In the last 24 hours, the rate has fluctuated by -8.07%, reaching a high of 0.{5}9593 OMR and a low of 0.{5}7131 OMR . One month ago, the value of 1 SHIB was ر.ع. 0.{4}1122 OMR , which represents a -23.35% change from its current value. Over the last year, Shiba Inu has changed by
+ر.ع.
0.{5}4279OMR
, resulting in a change of +99.01% in its value.

SHIB to OMR

Amount
10:07 am today
0.5 SHIB
ر.ع.0.{5}4301
1 SHIB
ر.ع.0.{5}8601
5 SHIB
ر.ع.0.{4}4301
10 SHIB
ر.ع.0.{4}8601
50 SHIB
ر.ع.0.0004301
100 SHIB
ر.ع.0.0008601
500 SHIB
ر.ع.0.004301
1000 SHIB
ر.ع.0.008601

OMR to SHIB

Amount10:07 am today
0.5OMR58,131.22  SHIB
1OMR116,262.43  SHIB
5OMR581,312.17  SHIB
10OMR1,162,624.34  SHIB
50OMR5,813,121.68  SHIB
100OMR11,626,243.36  SHIB
500OMR58,131,216.79  SHIB
1000OMR116,262,433.58  SHIB
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Today vs. 24 hours ago

Amount10:07 am today24 hours ago24h change
0.5 SHIB$0.{4}1117$0.{4}1215
-8.07%
1 SHIB$0.{4}2235$0.{4}2431
-8.07%
5 SHIB$0.0001117$0.0001215
-8.07%
10 SHIB$0.0002235$0.0002431
-8.07%
50 SHIB$0.001117$0.001215
-8.07%
100 SHIB$0.002235$0.002431
-8.07%
500 SHIB$0.01117$0.01215
-8.07%
1000 SHIB$0.02235$0.02431
-8.07%

Today vs. 1 month ago

Amount10:07 am today1 month ago1M change
0.5 SHIB$0.{4}1117$0.{4}1458
-23.35%
1 SHIB$0.{4}2235$0.{4}2915
-23.35%
5 SHIB$0.0001117$0.0001458
-23.35%
10 SHIB$0.0002235$0.0002915
-23.35%
50 SHIB$0.001117$0.001458
-23.35%
100 SHIB$0.002235$0.002915
-23.35%
500 SHIB$0.01117$0.01458
-23.35%
1000 SHIB$0.02235$0.02915
-23.35%

Today vs. 1 year ago

Amount10:07 am today1 year ago1Y change
0.5 SHIB$0.{4}1117$0.{5}5615
+99.01%
1 SHIB$0.{4}2235$0.{4}1123
+99.01%
5 SHIB$0.0001117$0.{4}5615
+99.01%
10 SHIB$0.0002235$0.0001123
+99.01%
50 SHIB$0.001117$0.0005615
+99.01%
100 SHIB$0.002235$0.001123
+99.01%
500 SHIB$0.01117$0.005615
+99.01%
1000 SHIB$0.02235$0.01123
+99.01%

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.