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base info Solana

Solana to Saudi Riyal Converter and calculator

Convert 1Solana (SOL) to Saudi Riyal (SAR) equals ر.س 567.26 | Bitget

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

SOL to SAR conversion rate trend

1D7D1M3M1YAll
In the past 1D, Solana has changed +7.43% to SAR. Based on the trend and price charts, Solana(SOL) has changed +7.43% to SAR while Saudi Riyal(SAR) has changed % to SOL in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
ر.س564.47
0.0001% / 0.0004%vip-iconVIP
Binance
ر.س563.41
0.1000% / 0.1000%
Yes
Coinbase Exchange
ر.س563.33
0.1000% / 0.1000%
Yes
Kraken
ر.س564.35
0.1000% / 0.1000%
Yes
OKX
ر.س563.33
0.080% / 0.100%
Yes
Huobi
ر.س564.62
0.1000% / 0.1000%
Yes
Gate.io
ر.س563.22
0.1000% / 0.1000%
Yes
Bybit
ر.س564.46
0.1000% / 0.1000%
Yes
KuCoin
ر.س564.19
0.1000% / 0.1000%
Yes
Bitfinex
ر.س564.87
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 23:00:33(UTC+0)

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

Solana to Saudi Riyal is falling this week.
Solana's current market price is ر.س 567.26 per SOL, with a total market cap of ر.س 253,323,487,744.19 SAR based on a circulating supply of 446,570,880 SOL. The trading volume of Solana has changed by -17.00% (ر.س -5,574,905,371.26 SAR) in the last 24 hours. Last trading day, SOL's trading volume was ر.س 32,802,050,950.04.
Market cap
$67.53B
24h volume
$7.26B
Circulating supply
446.57M SOL

Conversion tables

The exchange rate of Solana is decreasing.
1 SOL is currently valued at ر.س 567.26 SAR , which means buying 5 SOL will cost ر.س 2,836.32 SAR . Similarly, ر.س1 SAR can be traded for 0.001763 SOL, and ر.س50 SAR can be converted to 0.08814 SOL, excluding any platform or gas fees.
The exchange rate of 1 SOL to Saudi Riyal has changed by -15.46% in the last 7 days. In the last 24 hours, the rate has fluctuated by +7.43%, reaching a high of 569.84 SAR and a low of 492.5 SAR . One month ago, the value of 1 SOL was ر.س 685.65 SAR , which represents a -17.27% change from its current value. Over the last year, Solana has changed by
+ر.س
101.55SAR
, resulting in a change of +526.25% in its value.

SOL to SAR

Amount
23:09 today
0.5 SOL
ر.س283.63
1 SOL
ر.س567.26
5 SOL
ر.س2,836.32
10 SOL
ر.س5,672.64
50 SOL
ر.س28,363.19
100 SOL
ر.س56,726.38
500 SOL
ر.س283,631.91
1000 SOL
ر.س567,263.82

SAR to SOL

Amount23:09 today
0.5SAR0.0008814  SOL
1SAR0.001763  SOL
5SAR0.008814  SOL
10SAR0.01763  SOL
50SAR0.08814  SOL
100SAR0.1763  SOL
500SAR0.8814  SOL
1000SAR1.76  SOL
share

Today vs. 24 hours ago

Amount23:09 today24 hours ago24h change
0.5 SOL$75.61$70.38
+7.43%
1 SOL$151.22$140.75
+7.43%
5 SOL$756.09$703.77
+7.43%
10 SOL$1,512.18$1,407.54
+7.43%
50 SOL$7,560.9$7,037.71
+7.43%
100 SOL$15,121.79$14,075.41
+7.43%
500 SOL$75,608.96$70,377.06
+7.43%
1000 SOL$151,217.93$140,754.12
+7.43%

Today vs. 1 month ago

Amount23:09 today1 month ago1M change
0.5 SOL$75.61$91.39
-17.27%
1 SOL$151.22$182.78
-17.27%
5 SOL$756.09$913.89
-17.27%
10 SOL$1,512.18$1,827.78
-17.27%
50 SOL$7,560.9$9,138.88
-17.27%
100 SOL$15,121.79$18,277.77
-17.27%
500 SOL$75,608.96$91,388.83
-17.27%
1000 SOL$151,217.93$182,777.66
-17.27%

Today vs. 1 year ago

Amount23:09 today1 year ago1Y change
0.5 SOL$75.61$12.07
+526.25%
1 SOL$151.22$24.15
+526.25%
5 SOL$756.09$120.73
+526.25%
10 SOL$1,512.18$241.47
+526.25%
50 SOL$7,560.9$1,207.33
+526.25%
100 SOL$15,121.79$2,414.65
+526.25%
500 SOL$75,608.96$12,073.26
+526.25%
1000 SOL$151,217.93$24,146.52
+526.25%

FAQ

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