COVN
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 Covenant(COVN) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 COVN at a value of 1 COVN for 0.04 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 Covenant currency pair is the COVN to SAR, with for Covenant's currency code being COVN. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.
COVN to SAR conversion rate trend
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In the past 1D, Covenant has changed +0.20% to SAR. Based on the trend and price charts, Covenant(COVN) has changed +0.20% to SAR while Saudi Riyal(SAR) has changed % to COVN in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | ر.س0.04465 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/11/25 16:33:06(UTC+0)
How to buy Covenant
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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Covenant (COVN)
Use a variety of payment options to buy Covenant on Bitget. We'll show you how.
Buy COVN (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading does not currently support direct buying of COVN with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy COVN 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 COVN (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading currently does not support direct selling of COVN to SAR. However, you can first exchange COVN 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 Covenant to Saudi Riyal?
Covenant to Saudi Riyal is falling this week.Covenant's current market price is ر.س 0.04450 per COVN, with a total market cap of ر.س 0 SAR based on a circulating supply of -- COVN. The trading volume of Covenant has changed by -33.87% (ر.س -13,495.52 SAR) in the last 24 hours. Last trading day, COVN's trading volume was ر.س 39,850.34.
Market cap
$0
24h volume
$7.02K
Circulating supply
0 COVN
Conversion tables
The exchange rate of Covenant is decreasing.1 COVN is currently valued at ر.س 0.04450 SAR , which means buying 5 COVN will cost ر.س 0.2225 SAR . Similarly, ر.س1 SAR can be traded for 22.47 COVN, and ر.س50 SAR can be converted to 1,123.71 COVN, excluding any platform or gas fees.
The exchange rate of 1 COVN to Saudi Riyal has changed by -8.14% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.20%, reaching a high of 0.04503 SAR and a low of 0.03758 SAR . One month ago, the value of 1 COVN was ر.س 0.05853 SAR , which represents a -23.98% change from its current value. Over the last year, Covenant has changed by , resulting in a change of -91.89% in its value.
-ر.س
0.5040SARCOVN to SAR
Amount
20:14 today
0.5 COVN
ر.س0.02225
1 COVN
ر.س0.04450
5 COVN
ر.س0.2225
10 COVN
ر.س0.4450
50 COVN
ر.س2.22
100 COVN
ر.س4.45
500 COVN
ر.س22.25
1000 COVN
ر.س44.5
SAR to COVN
Amount20:14 today
0.5SAR11.24 COVN
1SAR22.47 COVN
5SAR112.37 COVN
10SAR224.74 COVN
50SAR1,123.71 COVN
100SAR2,247.41 COVN
500SAR11,237.06 COVN
1000SAR22,474.12 COVN
Today vs. 24 hours ago
| Amount | 20:14 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 COVN | $0.005925 | $0.005914 | +0.20% |
| 1 COVN | $0.01185 | $0.01183 | +0.20% |
| 5 COVN | $0.05925 | $0.05914 | +0.20% |
| 10 COVN | $0.1185 | $0.1183 | +0.20% |
| 50 COVN | $0.5925 | $0.5914 | +0.20% |
| 100 COVN | $1.19 | $1.18 | +0.20% |
| 500 COVN | $5.93 | $5.91 | +0.20% |
| 1000 COVN | $11.85 | $11.83 | +0.20% |
Today vs. 1 month ago
| Amount | 20:14 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 COVN | $0.005925 | $0.007794 | -23.98% |
| 1 COVN | $0.01185 | $0.01559 | -23.98% |
| 5 COVN | $0.05925 | $0.07794 | -23.98% |
| 10 COVN | $0.1185 | $0.1559 | -23.98% |
| 50 COVN | $0.5925 | $0.7794 | -23.98% |
| 100 COVN | $1.19 | $1.56 | -23.98% |
| 500 COVN | $5.93 | $7.79 | -23.98% |
| 1000 COVN | $11.85 | $15.59 | -23.98% |
Today vs. 1 year ago
| Amount | 20:14 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 COVN | $0.005925 | $0.07305 | -91.89% |
| 1 COVN | $0.01185 | $0.1461 | -91.89% |
| 5 COVN | $0.05925 | $0.7305 | -91.89% |
| 10 COVN | $0.1185 | $1.46 | -91.89% |
| 50 COVN | $0.5925 | $7.3 | -91.89% |
| 100 COVN | $1.19 | $14.61 | -91.89% |
| 500 COVN | $5.93 | $73.05 | -91.89% |
| 1000 COVN | $11.85 | $146.09 | -91.89% |
Covenant price prediction
What will the price of COVN be in 2025?
Based on COVN's historical price performance prediction model, the price of COVN is projected to reach $0.03556 in 2025.
What will the price of COVN be in 2030?
In 2030, the COVN price is expected to change by -17.00%. By the end of 2030, the COVN price is projected to reach $0.03480, with a cumulative ROI of +191.85%.
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Popular Covenant conversions
Check out these popular currency conversions of Covenant to several fiat currencies.
Covenant to USD
1 COVN to $ 0.01185 USD
Covenant to GBP
1 COVN to £ 0.009423 GBP
Covenant to EUR
1 COVN to € 0.01128 EUR
Covenant to KRW
1 COVN to ₩ 16.59 KRW
Covenant to CAD
1 COVN to $ 0.01656 CAD
Covenant to AUD
1 COVN to $ 0.01822 AUD
Covenant to JPY
1 COVN to ¥ 1.83 JPY
Covenant to BRL
1 COVN to R$ 0.06885 BRL
Covenant to CNY
1 COVN to ¥ 0.08586 CNY
Covenant to TWD
1 COVN to NT$ 0.3844 TWD
Popular cryptocurrencies to SAR
Explore other cryptocurrencies based on your interest in Covenant.
Bitcoin to SAR
1 BTC to ر.س 355,452.74 SAR
MAD to SAR
1 MAD to ر.س 0.0001462 SAR
Stellar to SAR
1 XLM to ر.س 1.94 SAR
EGO to SAR
1 EGO to ر.س 0.08309 SAR
Cardano to SAR
1 ADA to ر.س 3.76 SAR
Puffer to SAR
1 PUFFER to ر.س -- SAR
XRP to SAR
1 XRP to ر.س 5.52 SAR
Just a chill guy to SAR
1 CHILLGUY to ر.س 1.31 SAR
Dogecoin to SAR
1 DOGE to ر.س 1.52 SAR
The Sandbox to SAR
1 SAND to ر.س 2.73 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 Covenant 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 Covenant 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 Covenant 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.
