RENQ
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 Renq Finance(RENQ) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 RENQ at a value of 1 RENQ for 0.01 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 Renq Finance currency pair is the RENQ to SAR, with for Renq Finance's currency code being RENQ. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.
RENQ to SAR conversion rate trend
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In the past 1D, Renq Finance has changed -0.27% to SAR. Based on the trend and price charts, Renq Finance(RENQ) has changed -0.27% to SAR while Saudi Riyal(SAR) has changed % to RENQ in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | ر.س0.01460 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/11/10 00:32:29(UTC+0)
How to buy Renq Finance
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 Renq Finance (RENQ)
Use a variety of payment options to buy Renq Finance on Bitget. We'll show you how.
Buy RENQ (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading does not currently support direct buying of RENQ with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy RENQ 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 RENQ (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading currently does not support direct selling of RENQ to SAR. However, you can first exchange RENQ 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 Renq Finance to Saudi Riyal?
Renq Finance to Saudi Riyal is rising this week.Renq Finance's current market price is ر.س 0.01461 per RENQ, with a total market cap of ر.س 0 SAR based on a circulating supply of -- RENQ. The trading volume of Renq Finance has changed by +2.50% (ر.س 6,335.72 SAR) in the last 24 hours. Last trading day, RENQ's trading volume was ر.س 253,905.95.
Market cap
$0
24h volume
$69.29K
Circulating supply
0 RENQ
Conversion tables
The exchange rate of Renq Finance is decreasing.1 RENQ is currently valued at ر.س 0.01461 SAR , which means buying 5 RENQ will cost ر.س 0.07304 SAR . Similarly, ر.س1 SAR can be traded for 68.45 RENQ, and ر.س50 SAR can be converted to 3,422.58 RENQ, excluding any platform or gas fees.
The exchange rate of 1 RENQ to Saudi Riyal has changed by +4.09% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.27%, reaching a high of 0.01469 SAR and a low of 0.01458 SAR . One month ago, the value of 1 RENQ was ر.س 0.02078 SAR , which represents a -29.67% change from its current value. Over the last year, Renq Finance has changed by , resulting in a change of -58.98% in its value.
-ر.س
0.02101SARRENQ to SAR
Amount
04:03 am today
0.5 RENQ
ر.س0.007304
1 RENQ
ر.س0.01461
5 RENQ
ر.س0.07304
10 RENQ
ر.س0.1461
50 RENQ
ر.س0.7304
100 RENQ
ر.س1.46
500 RENQ
ر.س7.3
1000 RENQ
ر.س14.61
SAR to RENQ
Amount04:03 am today
0.5SAR34.23 RENQ
1SAR68.45 RENQ
5SAR342.26 RENQ
10SAR684.52 RENQ
50SAR3,422.58 RENQ
100SAR6,845.17 RENQ
500SAR34,225.84 RENQ
1000SAR68,451.67 RENQ
Today vs. 24 hours ago
| Amount | 04:03 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 RENQ | $0.001945 | $0.001950 | -0.27% |
| 1 RENQ | $0.003890 | $0.003900 | -0.27% |
| 5 RENQ | $0.01945 | $0.01950 | -0.27% |
| 10 RENQ | $0.03890 | $0.03900 | -0.27% |
| 50 RENQ | $0.1945 | $0.1950 | -0.27% |
| 100 RENQ | $0.3890 | $0.3900 | -0.27% |
| 500 RENQ | $1.94 | $1.95 | -0.27% |
| 1000 RENQ | $3.89 | $3.9 | -0.27% |
Today vs. 1 month ago
| Amount | 04:03 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 RENQ | $0.001945 | $0.002766 | -29.67% |
| 1 RENQ | $0.003890 | $0.005531 | -29.67% |
| 5 RENQ | $0.01945 | $0.02766 | -29.67% |
| 10 RENQ | $0.03890 | $0.05531 | -29.67% |
| 50 RENQ | $0.1945 | $0.2766 | -29.67% |
| 100 RENQ | $0.3890 | $0.5531 | -29.67% |
| 500 RENQ | $1.94 | $2.77 | -29.67% |
| 1000 RENQ | $3.89 | $5.53 | -29.67% |
Today vs. 1 year ago
| Amount | 04:03 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 RENQ | $0.001945 | $0.004742 | -58.98% |
| 1 RENQ | $0.003890 | $0.009484 | -58.98% |
| 5 RENQ | $0.01945 | $0.04742 | -58.98% |
| 10 RENQ | $0.03890 | $0.09484 | -58.98% |
| 50 RENQ | $0.1945 | $0.4742 | -58.98% |
| 100 RENQ | $0.3890 | $0.9484 | -58.98% |
| 500 RENQ | $1.94 | $4.74 | -58.98% |
| 1000 RENQ | $3.89 | $9.48 | -58.98% |
Renq Finance price prediction
What will the price of RENQ be in 2025?
Based on RENQ's historical price performance prediction model, the price of RENQ is projected to reach $0.006867 in 2025.
What will the price of RENQ be in 2030?
In 2030, the RENQ price is expected to change by -5.00%. By the end of 2030, the RENQ price is projected to reach $0.007982, with a cumulative ROI of +105.52%.
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Popular Renq Finance conversions
Check out these popular currency conversions of Renq Finance to several fiat currencies.
Renq Finance to USD
1 RENQ to $ 0.003890 USD
Renq Finance to GBP
1 RENQ to £ 0.003011 GBP
Renq Finance to EUR
1 RENQ to € 0.003629 EUR
Renq Finance to KRW
1 RENQ to ₩ 5.44 KRW
Renq Finance to CAD
1 RENQ to $ 0.005411 CAD
Renq Finance to AUD
1 RENQ to $ 0.005911 AUD
Renq Finance to JPY
1 RENQ to ¥ 0.5938 JPY
Renq Finance to BRL
1 RENQ to R$ 0.02232 BRL
Renq Finance to CNY
1 RENQ to ¥ 0.02791 CNY
Renq Finance to TWD
1 RENQ to NT$ 0.1254 TWD
Popular cryptocurrencies to SAR
Explore other cryptocurrencies based on your interest in Renq Finance.
Bitcoin to SAR
1 BTC to ر.س 290,273.85 SAR
Drift to SAR
1 DRIFT to ر.س 6.68 SAR
Grass to SAR
1 GRASS to ر.س -- SAR
SolarX to SAR
1 SXCH to ر.س -- SAR
Solana to SAR
1 SOL to ر.س 757.46 SAR
PepeCoin to SAR
1 PEPECOIN to ر.س 20.02 SAR
Swell Network to SAR
1 SWELL to ر.س 0.2301 SAR
X Empire to SAR
1 X to ر.س 0.001081 SAR
Ethereum to SAR
1 ETH to ر.س 11,793.19 SAR
Dogecoin to SAR
1 DOGE to ر.س 0.8536 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 Renq Finance 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 Renq Finance 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 Renq Finance 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.
