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VeChain to Saudi Riyal Converter and calculator

Convert 1VeChain (VET) to Saudi Riyal (SAR) equals ر.س 0.1612 | 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 Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 VET at a value of 1 VET for 0.16 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 VeChain currency pair is the VET to SAR, with for VeChain's currency code being VET. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.

VET to SAR conversion rate trend

1D7D1M3M1YAll
In the past 1D, VeChain has changed +2.03% to SAR. Based on the trend and price charts, VeChain(VET) has changed +2.03% to SAR while Saudi Riyal(SAR) has changed % to VET in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
ر.س0.1612
0.0001% / 0.0004%vip-iconVIP
Binance
ر.س0.1617
0.1000% / 0.1000%
Yes
Huobi
ر.س0.1617
0.1000% / 0.1000%
Yes
Gate.io
ر.س0.1618
0.1000% / 0.1000%
Yes
KuCoin
ر.س0.1618
0.1000% / 0.1000%
Yes
Bitfinex
ر.س0.1628
0.1000% / 0.1000%
Yes
Last updated 2024/04/24 05:00:36(UTC+0)

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

VeChain to Saudi Riyal is rising this week.
VeChain's current market price is ر.س 0.1612 per VET, with a total market cap of ر.س 11,724,769,055.66 SAR based on a circulating supply of 72,714,520,000 VET. The trading volume of VeChain has changed by +0.37% (ر.س 846,656.45 SAR) in the last 24 hours. Last trading day, VET's trading volume was ر.س 231,137,442.8.
Market cap
$3.13B
24h volume
$61.85M
Circulating supply
72.71B VET

Conversion tables

The exchange rate of VeChain is increasing.
1 VET is currently valued at ر.س 0.1612 SAR , which means buying 5 VET will cost ر.س 0.8062 SAR . Similarly, ر.س1 SAR can be traded for 6.2 VET, and ر.س50 SAR can be converted to 310.09 VET, excluding any platform or gas fees.
The exchange rate of 1 VET to Saudi Riyal has changed by +5.66% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.03%, reaching a high of 0.1621 SAR and a low of 0.1556 SAR . One month ago, the value of 1 VET was ر.س 0.1612 SAR , which represents a +0.03% change from its current value. Over the last year, VeChain has changed by
+ر.س
0.07941SAR
, resulting in a change of +97.03% in its value.

VET to SAR

Amount
05:25 am today
0.5 VET
ر.س0.08062
1 VET
ر.س0.1612
5 VET
ر.س0.8062
10 VET
ر.س1.61
50 VET
ر.س8.06
100 VET
ر.س16.12
500 VET
ر.س80.62
1000 VET
ر.س161.24

SAR to VET

Amount05:25 am today
0.5SAR3.1  VET
1SAR6.2  VET
5SAR31.01  VET
10SAR62.02  VET
50SAR310.09  VET
100SAR620.18  VET
500SAR3,100.89  VET
1000SAR6,201.79  VET
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Today vs. 24 hours ago

Amount05:25 am today24 hours ago24h change
0.5 VET$0.02149$0.02107
+2.03%
1 VET$0.04299$0.04213
+2.03%
5 VET$0.2149$0.2107
+2.03%
10 VET$0.4299$0.4213
+2.03%
50 VET$2.15$2.11
+2.03%
100 VET$4.3$4.21
+2.03%
500 VET$21.49$21.07
+2.03%
1000 VET$42.99$42.13
+2.03%

Today vs. 1 month ago

Amount05:25 am today1 month ago1M change
0.5 VET$0.02149$0.02149
+0.03%
1 VET$0.04299$0.04298
+0.03%
5 VET$0.2149$0.2149
+0.03%
10 VET$0.4299$0.4298
+0.03%
50 VET$2.15$2.15
+0.03%
100 VET$4.3$4.3
+0.03%
500 VET$21.49$21.49
+0.03%
1000 VET$42.99$42.98
+0.03%

Today vs. 1 year ago

Amount05:25 am today1 year ago1Y change
0.5 VET$0.02149$0.01091
+97.03%
1 VET$0.04299$0.02182
+97.03%
5 VET$0.2149$0.1091
+97.03%
10 VET$0.4299$0.2182
+97.03%
50 VET$2.15$1.09
+97.03%
100 VET$4.3$2.18
+97.03%
500 VET$21.49$10.91
+97.03%
1000 VET$42.99$21.82
+97.03%

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.