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base info Tether USDt

Tether USDt to Saudi Riyal Converter and calculator

Convert 1Tether USDt (USDT) to Saudi Riyal (SAR) equals ر.س 3.75 | 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 Tether USDt currency pair is the USDT to SAR, with for Tether USDt's currency code being USDT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.

USDT to SAR conversion rate trend

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In the past 1D, Tether USDt has changed +0.06% to SAR. Based on the trend and price charts, Tether USDt(USDT) has changed +0.06% to SAR while Saudi Riyal(SAR) has changed % to USDT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
ر.س3.75
0.0001% / 0.0004%vip-iconVIP
Last updated 2024/04/18 17:09:29(UTC+0)

What factors influence the conversion rate of Tether USDt to Saudi Riyal?

Tether USDt to Saudi Riyal is rising this week.
Tether USDt's current market price is ر.س 3.75 per USDT, with a total market cap of ر.س 409,245,060,609.17 SAR based on a circulating supply of 109,031,965,000 USDT. The trading volume of Tether USDt has changed by -3.03% (ر.س -7,928,372,826.71 SAR) in the last 24 hours. Last trading day, USDT's trading volume was ر.س 261,982,382,007.92.
Market cap
$109.10B
24h volume
$67.73B
Circulating supply
109.03B USDT

Conversion tables

The exchange rate of Tether USDt is increasing.
1 USDT is currently valued at ر.س 3.75 SAR , which means buying 5 USDT will cost ر.س 18.77 SAR . Similarly, ر.س1 SAR can be traded for 0.2664 USDT, and ر.س50 SAR can be converted to 13.32 USDT, excluding any platform or gas fees.
The exchange rate of 1 USDT to Saudi Riyal has changed by +0.07% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.06%, reaching a high of 3.76 SAR and a low of 3.75 SAR . One month ago, the value of 1 USDT was ر.س 3.75 SAR , which represents a +0.06% change from its current value. Over the last year, Tether USDt has changed by
-ر.س
0.0006694SAR
, resulting in a change of -0.02% in its value.

USDT to SAR

Amount
17:09 today
0.5 USDT
ر.س1.88
1 USDT
ر.س3.75
5 USDT
ر.س18.77
10 USDT
ر.س37.53
50 USDT
ر.س187.67
100 USDT
ر.س375.34
500 USDT
ر.س1,876.72
1000 USDT
ر.س3,753.44

SAR to USDT

Amount17:09 today
0.5SAR0.1332  USDT
1SAR0.2664  USDT
5SAR1.33  USDT
10SAR2.66  USDT
50SAR13.32  USDT
100SAR26.64  USDT
500SAR133.21  USDT
1000SAR266.42  USDT
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Today vs. 24 hours ago

Amount17:09 today24 hours ago24h change
0.5 USDT$0.5003$0.5000
+0.06%
1 USDT$1$1
+0.06%
5 USDT$5$5
+0.06%
10 USDT$10.01$10
+0.06%
50 USDT$50.03$50
+0.06%
100 USDT$100.06$100
+0.06%
500 USDT$500.3$500.01
+0.06%
1000 USDT$1,000.6$1,000.03
+0.06%

Today vs. 1 month ago

Amount17:09 today1 month ago1M change
0.5 USDT$0.5003$0.5000
+0.06%
1 USDT$1$1.0000
+0.06%
5 USDT$5$5
+0.06%
10 USDT$10.01$10
+0.06%
50 USDT$50.03$50
+0.06%
100 USDT$100.06$100
+0.06%
500 USDT$500.3$499.99
+0.06%
1000 USDT$1,000.6$999.98
+0.06%

Today vs. 1 year ago

Amount17:09 today1 year ago1Y change
0.5 USDT$0.5003$0.5004
-0.02%
1 USDT$1$1
-0.02%
5 USDT$5$5
-0.02%
10 USDT$10.01$10.01
-0.02%
50 USDT$50.03$50.04
-0.02%
100 USDT$100.06$100.08
-0.02%
500 USDT$500.3$500.39
-0.02%
1000 USDT$1,000.6$1,000.78
-0.02%

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.