SPOOL
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 Spool(SPOOL) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 SPOOL at a value of 1 SPOOL for 0.59 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 Spool currency pair is the SPOOL to SAR, with for Spool's currency code being SPOOL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.
SPOOL to SAR conversion rate trend
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In the past 1D, Spool has changed -0.92% to SAR. Based on the trend and price charts, Spool(SPOOL) has changed -0.92% to SAR while Saudi Riyal(SAR) has changed % to SPOOL in the last 24 hours.
Conversion rate comparison of various exchanges
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Last updated 2024/04/25 01:00:08(UTC+0)
How to buy Spool
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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Spool (SPOOL)
Use a variety of payment options to buy Spool on Bitget. We'll show you how.
Buy SPOOL (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading does not currently support direct buying of SPOOL with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy SPOOL with USDT via Bitget spot market.
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Sell SPOOL (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading currently does not support direct selling of SPOOL to SAR. However, you can first exchange SPOOL for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
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What factors influence the conversion rate of Spool to Saudi Riyal?
Spool to Saudi Riyal is rising this week.Spool's current market price is ر.س 0.5857 per SPOOL, with a total market cap of ر.س 0 SAR based on a circulating supply of -- SPOOL. The trading volume of Spool has changed by -100.00% (ر.س -- SAR) in the last 24 hours. Last trading day, SPOOL's trading volume was ر.س --.
Market cap
$0
24h volume
$0
Circulating supply
0 SPOOL
Conversion tables
The exchange rate of Spool is increasing.1 SPOOL is currently valued at ر.س 0.5857 SAR , which means buying 5 SPOOL will cost ر.س 2.93 SAR . Similarly, ر.س1 SAR can be traded for 1.71 SPOOL, and ر.س50 SAR can be converted to 85.37 SPOOL, excluding any platform or gas fees.
The exchange rate of 1 SPOOL to Saudi Riyal has changed by +5.01% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.92%, reaching a high of 0.5911 SAR and a low of 0.5857 SAR . One month ago, the value of 1 SPOOL was ر.س 0.5673 SAR , which represents a +3.24% change from its current value. Over the last year, Spool has changed by , resulting in a change of -42.04% in its value.
-ر.س
0.4248SARSPOOL to SAR
Amount
06:30 am today
0.5 SPOOL
ر.س0.2928
1 SPOOL
ر.س0.5857
5 SPOOL
ر.س2.93
10 SPOOL
ر.س5.86
50 SPOOL
ر.س29.28
100 SPOOL
ر.س58.57
500 SPOOL
ر.س292.85
1000 SPOOL
ر.س585.69
SAR to SPOOL
Amount06:30 am today
0.5SAR0.8537 SPOOL
1SAR1.71 SPOOL
5SAR8.54 SPOOL
10SAR17.07 SPOOL
50SAR85.37 SPOOL
100SAR170.74 SPOOL
500SAR853.69 SPOOL
1000SAR1,707.38 SPOOL
Today vs. 24 hours ago
| Amount | 06:30 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 SPOOL | $0.07795 | $0.07867 | -0.92% |
| 1 SPOOL | $0.1559 | $0.1573 | -0.92% |
| 5 SPOOL | $0.7795 | $0.7867 | -0.92% |
| 10 SPOOL | $1.56 | $1.57 | -0.92% |
| 50 SPOOL | $7.79 | $7.87 | -0.92% |
| 100 SPOOL | $15.59 | $15.73 | -0.92% |
| 500 SPOOL | $77.95 | $78.67 | -0.92% |
| 1000 SPOOL | $155.89 | $157.34 | -0.92% |
Today vs. 1 month ago
| Amount | 06:30 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 SPOOL | $0.07795 | $0.07550 | +3.24% |
| 1 SPOOL | $0.1559 | $0.1510 | +3.24% |
| 5 SPOOL | $0.7795 | $0.7550 | +3.24% |
| 10 SPOOL | $1.56 | $1.51 | +3.24% |
| 50 SPOOL | $7.79 | $7.55 | +3.24% |
| 100 SPOOL | $15.59 | $15.1 | +3.24% |
| 500 SPOOL | $77.95 | $75.5 | +3.24% |
| 1000 SPOOL | $155.89 | $151 | +3.24% |
Today vs. 1 year ago
| Amount | 06:30 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 SPOOL | $0.07795 | $0.1345 | -42.04% |
| 1 SPOOL | $0.1559 | $0.2690 | -42.04% |
| 5 SPOOL | $0.7795 | $1.34 | -42.04% |
| 10 SPOOL | $1.56 | $2.69 | -42.04% |
| 50 SPOOL | $7.79 | $13.45 | -42.04% |
| 100 SPOOL | $15.59 | $26.9 | -42.04% |
| 500 SPOOL | $77.95 | $134.48 | -42.04% |
| 1000 SPOOL | $155.89 | $268.95 | -42.04% |
Spool price prediction
What will the price of SPOOL be in 2025?
Based on SPOOL's historical price performance prediction model, the price of SPOOL is projected to reach $0.2208 in 2025.
What will the price of SPOOL be in 2030?
In 2030, the SPOOL price is expected to change by +8.00%. By the end of 2030, the SPOOL price is projected to reach $0.1934, with a cumulative ROI of +24.04%.
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Popular Spool conversions
Check out these popular currency conversions of Spool to several fiat currencies.
Spool to USD
1 SPOOL to $ 0.1559 USD
Spool to GBP
1 SPOOL to £ 0.1239 GBP
Spool to EUR
1 SPOOL to € 0.1502 EUR
Spool to KRW
1 SPOOL to ₩ 225.89 KRW
Spool to CAD
1 SPOOL to $ 0.2251 CAD
Spool to AUD
1 SPOOL to $ 0.2504 AUD
Spool to JPY
1 SPOOL to ¥ 24.2 JPY
Spool to BRL
1 SPOOL to R$ 0.9806 BRL
Spool to CNY
1 SPOOL to ¥ 1.14 CNY
Spool to TWD
1 SPOOL to NT$ 5.09 TWD
Popular cryptocurrencies to SAR
Explore other cryptocurrencies based on your interest in Spool.
Bitcoin to SAR
1 BTC to ر.س 379,572.23 SAR
Ethereum to SAR
1 ETH to ر.س 13,771.35 SAR
Dogecoin to SAR
1 DOGE to ر.س 1.36 SAR
XRP to SAR
1 XRP to ر.س 8.81 SAR
Usual to SAR
1 USUAL to ر.س 4.29 SAR
Pepe to SAR
1 PEPE to ر.س 0.{4}7175 SAR
Hedera to SAR
1 HBAR to ر.س 1.02 SAR
Sui to SAR
1 SUI to ر.س 16.43 SAR
Shiba Inu to SAR
1 SHIB to ر.س 0.{4}9023 SAR
Chainlink to SAR
1 LINK to ر.س 92.03 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 Spool 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 Spool 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 Spool 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.
