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VeChain to Omani Rial Converter and calculator

Convert 1VeChain (VET) to Omani Rial (OMR) equals ر.ع. 0.01629 | 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 VeChain(VET) to Omani Rial(OMR). This is the real-time data. The current conversion shows 1 VET at a value of 1 VET for 0.02 OMR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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

VET to OMR conversion rate trend

1D7D1M3M1YAll
In the past 1D, VeChain has changed +0.54% to OMR. Based on the trend and price charts, VeChain(VET) has changed +0.54% to OMR while Omani Rial(OMR) has changed % to VET in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
ر.ع.0.01629
0.0001% / 0.0004%vip-iconVIP
Binance
ر.ع.0.01625
0.1000% / 0.1000%
Yes
Huobi
ر.ع.0.01625
0.1000% / 0.1000%
Yes
Gate.io
ر.ع.0.01624
0.1000% / 0.1000%
Yes
KuCoin
ر.ع.0.01625
0.1000% / 0.1000%
Yes
Bitfinex
ر.ع.0.01625
0.1000% / 0.1000%
Yes
Last updated 2024/04/24 10:00:33(UTC+0)

What factors influence the conversion rate of VeChain to Omani Rial?

VeChain to Omani Rial is rising this week.
VeChain's current market price is ر.ع. 0.01629 per VET, with a total market cap of ر.ع. 1,184,291,950.48 OMR based on a circulating supply of 72,714,520,000 VET. The trading volume of VeChain has changed by +11.24% (ر.ع. 2,638,256.9 OMR) in the last 24 hours. Last trading day, VET's trading volume was ر.ع. 23,475,169.3.
Market cap
$3.08B
24h volume
$67.84M
Circulating supply
72.71B VET

Conversion tables

The exchange rate of VeChain is decreasing.
1 VET is currently valued at ر.ع. 0.01629 OMR , which means buying 5 VET will cost ر.ع. 0.08143 OMR . Similarly, ر.ع.1 OMR can be traded for 61.4 VET, and ر.ع.50 OMR can be converted to 3,069.96 VET, excluding any platform or gas fees.
The exchange rate of 1 VET to Omani Rial has changed by +5.94% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.54%, reaching a high of 0.01664 OMR and a low of 0.01597 OMR . One month ago, the value of 1 VET was ر.ع. 0.01672 OMR , which represents a -2.60% change from its current value. Over the last year, VeChain has changed by
+ر.ع.
0.007952OMR
, resulting in a change of +95.42% in its value.

VET to OMR

Amount
10:37 am today
0.5 VET
ر.ع.0.008143
1 VET
ر.ع.0.01629
5 VET
ر.ع.0.08143
10 VET
ر.ع.0.1629
50 VET
ر.ع.0.8143
100 VET
ر.ع.1.63
500 VET
ر.ع.8.14
1000 VET
ر.ع.16.29

OMR to VET

Amount10:37 am today
0.5OMR30.7  VET
1OMR61.4  VET
5OMR307  VET
10OMR613.99  VET
50OMR3,069.96  VET
100OMR6,139.92  VET
500OMR30,699.58  VET
1000OMR61,399.15  VET
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Today vs. 24 hours ago

Amount10:37 am today24 hours ago24h change
0.5 VET$0.02116$0.02104
+0.54%
1 VET$0.04231$0.04209
+0.54%
5 VET$0.2116$0.2104
+0.54%
10 VET$0.4231$0.4209
+0.54%
50 VET$2.12$2.1
+0.54%
100 VET$4.23$4.21
+0.54%
500 VET$21.16$21.04
+0.54%
1000 VET$42.31$42.09
+0.54%

Today vs. 1 month ago

Amount10:37 am today1 month ago1M change
0.5 VET$0.02116$0.02172
-2.60%
1 VET$0.04231$0.04344
-2.60%
5 VET$0.2116$0.2172
-2.60%
10 VET$0.4231$0.4344
-2.60%
50 VET$2.12$2.17
-2.60%
100 VET$4.23$4.34
-2.60%
500 VET$21.16$21.72
-2.60%
1000 VET$42.31$43.44
-2.60%

Today vs. 1 year ago

Amount10:37 am today1 year ago1Y change
0.5 VET$0.02116$0.01083
+95.42%
1 VET$0.04231$0.02165
+95.42%
5 VET$0.2116$0.1083
+95.42%
10 VET$0.4231$0.2165
+95.42%
50 VET$2.12$1.08
+95.42%
100 VET$4.23$2.17
+95.42%
500 VET$21.16$10.83
+95.42%
1000 VET$42.31$21.65
+95.42%

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.