GMX
SAR
Last updated 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of GMX(GMX) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 GMX at a value of 1 GMX for 113.36 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.
Bitget crypto-to-fiat exchange data shows that the most popular GMX currency pair is the GMX to SAR, with for GMX's currency code being GMX. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.
GMX to SAR conversion rate trend
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In the past 1D, GMX has changed +8.29% to SAR. Based on the trend and price charts, GMX(GMX) has changed +8.29% to SAR while Saudi Riyal(SAR) has changed % to GMX in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | ر.س113.15 | 0.0200% / 0.0320%  VIP 7 | |
Binance | ر.س113.27 | 0.1000% / 0.1000% | Yes |
OKX | ر.س113.23 | 0.080% / 0.100% | Yes |
Huobi | ر.س113.21 | 0.1000% / 0.1000% | Yes |
Gate.io | ر.س113.68 | 0.1000% / 0.1000% | Yes |
Bybit | ر.س113.12 | 0.1000% / 0.1000% | Yes |
KuCoin | ر.س113 | 0.1000% / 0.1000% | Yes |
Last updated 2024/12/24 16:00:16(UTC+0)
How to buy GMX
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
Buy GMX (GMX)
Use a variety of payment options to buy GMX on Bitget. We'll show you how.
Buy GMX (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading does not currently support direct buying of GMX with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy GMX with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
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Sell GMX (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading currently does not support direct selling of GMX to SAR. However, you can first exchange GMX for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of GMX to Saudi Riyal?
GMX to Saudi Riyal is falling this week.GMX's current market price is ر.س 113.36 per GMX, with a total market cap of ر.س 1,121,193,916.75 SAR based on a circulating supply of 9,890,867 GMX. The trading volume of GMX has changed by -1.91% (ر.س -1,452,578.40 SAR) in the last 24 hours. Last trading day, GMX's trading volume was ر.س 75,955,783.05.
Market cap
$298.64M
24h volume
$19.84M
Circulating supply
9.89M GMX
Conversion tables
The exchange rate of GMX is decreasing.1 GMX is currently valued at ر.س 113.36 SAR , which means buying 5 GMX will cost ر.س 566.78 SAR . Similarly, ر.س1 SAR can be traded for 0.008822 GMX, and ر.س50 SAR can be converted to 0.4411 GMX, excluding any platform or gas fees.
The exchange rate of 1 GMX to Saudi Riyal has changed by -15.54% in the last 7 days. In the last 24 hours, the rate has fluctuated by +8.29%, reaching a high of 114.19 SAR and a low of 103.65 SAR . One month ago, the value of 1 GMX was ر.س 115.75 SAR , which represents a -2.07% change from its current value. Over the last year, GMX has changed by , resulting in a change of -36.69% in its value.
-ر.س
65.68SARGMX to SAR
Amount
18:48 today
0.5 GMX
ر.س56.68
1 GMX
ر.س113.36
5 GMX
ر.س566.78
10 GMX
ر.س1,133.56
50 GMX
ر.س5,667.82
100 GMX
ر.س11,335.65
500 GMX
ر.س56,678.24
1000 GMX
ر.س113,356.48
SAR to GMX
Amount18:48 today
0.5SAR0.004411 GMX
1SAR0.008822 GMX
5SAR0.04411 GMX
10SAR0.08822 GMX
50SAR0.4411 GMX
100SAR0.8822 GMX
500SAR4.41 GMX
1000SAR8.82 GMX
Today vs. 24 hours ago
| Amount | 18:48 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 GMX | $15.1 | $13.94 | +8.29% |
| 1 GMX | $30.19 | $27.88 | +8.29% |
| 5 GMX | $150.97 | $139.41 | +8.29% |
| 10 GMX | $301.94 | $278.83 | +8.29% |
| 50 GMX | $1,509.69 | $1,394.13 | +8.29% |
| 100 GMX | $3,019.38 | $2,788.25 | +8.29% |
| 500 GMX | $15,096.89 | $13,941.26 | +8.29% |
| 1000 GMX | $30,193.77 | $27,882.51 | +8.29% |
Today vs. 1 month ago
| Amount | 18:48 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 GMX | $15.1 | $15.42 | -2.07% |
| 1 GMX | $30.19 | $30.83 | -2.07% |
| 5 GMX | $150.97 | $154.16 | -2.07% |
| 10 GMX | $301.94 | $308.32 | -2.07% |
| 50 GMX | $1,509.69 | $1,541.6 | -2.07% |
| 100 GMX | $3,019.38 | $3,083.19 | -2.07% |
| 500 GMX | $15,096.89 | $15,415.96 | -2.07% |
| 1000 GMX | $30,193.77 | $30,831.92 | -2.07% |
Today vs. 1 year ago
| Amount | 18:48 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 GMX | $15.1 | $23.84 | -36.69% |
| 1 GMX | $30.19 | $47.69 | -36.69% |
| 5 GMX | $150.97 | $238.45 | -36.69% |
| 10 GMX | $301.94 | $476.89 | -36.69% |
| 50 GMX | $1,509.69 | $2,384.46 | -36.69% |
| 100 GMX | $3,019.38 | $4,768.92 | -36.69% |
| 500 GMX | $15,096.89 | $23,844.62 | -36.69% |
| 1000 GMX | $30,193.77 | $47,689.24 | -36.69% |
GMX price prediction
What will the price of GMX be in 2025?
Based on GMX's historical price performance prediction model, the price of GMX is projected to reach $42.61 in 2025.
What will the price of GMX be in 2030?
In 2030, the GMX price is expected to change by -18.00%. By the end of 2030, the GMX price is projected to reach $47.2, with a cumulative ROI of +70.49%.
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Popular GMX conversions
Check out these popular currency conversions of GMX to several fiat currencies.
GMX to USD
1 GMX to $ 30.19 USD
GMX to GBP
1 GMX to £ 24.09 GBP
GMX to EUR
1 GMX to € 29.06 EUR
GMX to KRW
1 GMX to ₩ 44,038.12 KRW
GMX to CAD
1 GMX to $ 43.45 CAD
GMX to AUD
1 GMX to $ 48.48 AUD
GMX to JPY
1 GMX to ¥ 4,751.2 JPY
GMX to BRL
1 GMX to R$ 186.98 BRL
GMX to CNY
1 GMX to ¥ 220.44 CNY
GMX to TWD
1 GMX to NT$ 987.26 TWD
Popular cryptocurrencies to SAR
Explore other cryptocurrencies based on your interest in GMX.
Hedera to SAR
1 HBAR to ر.س 1.21 SAR
Usual to SAR
1 USUAL to ر.س 4.82 SAR
Bitget Token to SAR
1 BGB to ر.س 18.47 SAR
Virtuals Protocol to SAR
1 VIRTUAL to ر.س 11.63 SAR
Fantom to SAR
1 FTM to ر.س 3.7 SAR
Sui to SAR
1 SUI to ر.س 17.49 SAR
Bitcoin Gold to SAR
1 BTG to ر.س 49.23 SAR
Basic Attention Token to SAR
1 BAT to ر.س 1.07 SAR
Chainlink to SAR
1 LINK to ر.س 92.85 SAR
Horizen to SAR
1 ZEN to ر.س 141.53 SAR
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FAQ
What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between GMX and SAR.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as GMX and SAR. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of GMX in SAR, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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.
