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MGP to OMR Converter and calculator

MGP/OMR: 1 MGP = 0.01079 OMR. The price of converting 1 Magpie (MGP) to Omani Rial (OMR) is 0.01079 OMR today.
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MGP
OMR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MGP to OMR real-time exchange rates, making it easy to convert Magpie (MGP) to Omani Rial (OMR). The conversion result is based on real-time data. The conversion result shows that 1 MGP is currently valued at 0.01 OMR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MGP is currently valued at 0.01 OMR, which means buying 5 MGP would cost 0.05 OMR. Similarly, ر.ع.1 OMR can be converted to 92.72 MGP, and ر.ع.50 OMR can be converted to 463.59 MGP, excluding any platform or gas fees.

Convert MGP to OMR

Convert OMR to MGP

Magpie
Omani Rial
10000 MGP
107.85  OMR
In the table above, you'll find a comprehensive MGP to OMR converter that shows the value of Magpie in Omani Rial across commonly used conversion amounts. The list covers conversions from 1 MGP to OMR, all the way up to 10000 MGP, providing a clear view of their respective values.
Omani Rial
Magpie
2000 OMR
185,434.84 MGP
5000 OMR
463,587.11 MGP
10000 OMR
927,174.21 MGP
50000 OMR
4,635,871.07 MGP
100000 OMR
9,271,742.14 MGP
In the table above, you'll find a comprehensive OMR to MGP converter that shows the value of Omani Rial in Magpie across commonly used conversion amounts. The list covers conversions from 1 OMR to MGP, all the way up to 100000 OMR, providing a clear view of their respective values.

MGP to OMR chart

MGP/OMR: 1 MGP = 0.01079 OMR; 2025/04/30 09:04:12
In the past 1D, Magpie has changed -1.23% to OMR. Based on the trend and price charts, Magpie(MGP) has changed -1.23% to OMR while Omani Rial(OMR) has changed % to MGP in the last 24 hours.
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MGP to OMR conversion data: Volatility and price changes of Magpie in OMR

The highest Magpie price in OMR over the past 7 days was 0.01260 OMR while the lowest Magpie price in OMR over the past 7 days was 0.01062 OMR. The relative change between the highs and lows in Magpie price in OMR over the last 7 days indicates a volatility of %. You can view additional volatility data and MGP to OMR prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.01104 OMR
0.01260 OMR
0.01606 OMR
0.03432 OMR
Low
0.01062 OMR
0.01062 OMR
0.007999 OMR
0.007999 OMR
Average
0 OMR
0 OMR
0 OMR
0 OMR
Volatility
%
%
%
%
Change
-1.23%
-8.00%
-23.16%
-68.27%

Magpie information

MGP to OMR market statistics

MGP/OMR:
ر.ع.0.01079
MGP 24h volume:
ر.ع.29,927.45
MGP market cap:
ر.ع.4,930,067.37
MGP circulating supply:
457.10M MGP

Current MGP to OMR exchange rate

Magpie to Omani Rial is falling this week.
Magpie's current market price is ر.ع.0.01079 per MGP, with a total market cap of ر.ع.4,930,067.37 OMR based on a circulating supply of 457,103,140 MGP. The trading volume of Magpie has changed by -47.06% (ر.ع.-26,606.42 OMR) in the last 24 hours. Last trading day, MGP's trading volume was ر.ع.56,533.87.

More info about Magpie on Bitget

Omani Rial information

About Omani Rial (OMR)

The Omani Rial (OMR), introduced in 1973, is not only Oman's official currency but also a symbol of the nation's economic strength and cultural heritage. It is commonly abbreviated as OMR and represented by the symbol ر.ع. The Rial's introduction marked Oman's transition from the Indian Rupee and the Maria Theresa Thaler, symbolizing a new era of economic self-determination and modernization under Sultan Qaboos bin Said.

Historical Background

The adoption of the Omani Rial was a key step in Oman's post-colonial journey, reflecting the nation's aspiration to forge an independent economic identity. Replacing the Gulf Rupee, the Rial represented Oman's newfound economic independence and was instrumental in aligning its economy with international standards.

Design and Symbolism

The design of the Omani Rial is a celebration of Oman’s rich history and cultural heritage. Banknotes feature images of Sultan Qaboos, traditional Omani architecture, natural landmarks, and historical sites. These designs serve not only as a medium for financial transactions but also as reminders of Oman's heritage and the modern achievements under Sultan Qaboos’s reign.

Economic Role

The Omani Rial plays a crucial role in the nation’s economy, characterized by its substantial oil and gas reserves. As the primary currency, it underpins the oil sector, which is pivotal to Oman's economy, facilitating trade and investment and is vital for the country’s fiscal stability.

Monetary Policy and Stability

Managed by the Central Bank of Oman, the Rial is one of the highest-valued currencies in the world, reflecting Oman's economic stability and substantial hydrocarbon resources. The bank’s policies focus on maintaining the currency's value and stability, crucial for fostering a climate conducive to economic growth and investor confidence.

International Trade and the Omani Rial

The value of the Rial is significant in international trade, particularly for Oman's oil and gas exports. A stable and strong Rial is essential for maintaining competitive prices in the global market and attracting foreign investment in various sectors.

Remittances and the Economy

Remittances from Omanis working abroad and expatriates residing in Oman contribute to the country’s foreign exchange reserves. These inflows, exchanged into Rials, support the currency's stability and contribute to the national economy.

Bitget crypto-to-fiat exchange data shows that the most popular Magpie currency pair is the MGP to OMR, with for Magpie's currency code being MGP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for OMR.

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How to convert MGP to OMR

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MGP to OMR Conversion tables

The exchange rate of Magpie is decreasing.
The exchange rate of 1 MGP to Omani Rial has changed by -8.00% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.23%, reaching a high of 0.01104 OMR and a low of 0.01062 OMR . One month ago, the value of 1 MGP was ر.ع.0.01404 OMR , which represents a -23.16% change from its current value. Over the last year, Magpie has changed by
-ر.ع.
0.02380OMR
, resulting in a change of -68.81% in its value.
24 hours ago1 month ago1 year ago
Amount09:04 am today24 hours ago24h change
0.5 MGPر.ع.0.005393ر.ع.0.005460
-1.23%
1 MGPر.ع.0.01079ر.ع.0.01092
-1.23%
5 MGPر.ع.0.05393ر.ع.0.05460
-1.23%
10 MGPر.ع.0.1079ر.ع.0.1092
-1.23%
50 MGPر.ع.0.5393ر.ع.0.5460
-1.23%
100 MGPر.ع.1.08ر.ع.1.09
-1.23%
500 MGPر.ع.5.39ر.ع.5.46
-1.23%
1000 MGPر.ع.10.79ر.ع.10.92
-1.23%

MGP to OMR FAQ

How much is 1 Magpie in OMR?
Right now, the price of 1 Magpie (MGP) in Omani Rial (OMR) is ر.ع.0.01079.
How much MGP can I buy for 1 OMR?
Based on the current exchange rate, you can get 92.72 MGP for 1 OMR.
How do I calculate or convert MGP to OMR?
You can use our MGP to OMR calculator at the top of this page to convert any amount of MGP to OMR. We've also included quick-reference tables for the most popular conversions. For example, 5 OMR is equivalent to 463.59 MGP, while 5 MGP will cost around 0.05393OMR.
What is the highest price of MGP/OMR in history?
The all-time high price of 1 MGP in OMR is ر.ع.0.08124. It remains to be seen if the value of 1 MGP/OMR will exceed the current all-time high.
What is the price trend of Magpie in OMR?
Over the past 7 days, the exchange rate of Magpie (MGP) has gone down by 8.00%.   Over the last month, the exchange rate of Magpie (MGP) has gone down by 23.16% against Omani Rial (OMR).

What factors influence the conversion rate of MGP to OMR?

There are many factors that affect the relationship between Magpie and Omani Rial, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of MGP/OMR. When there is positive news in the market about the widespread adoption of MGP or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MGP/OMR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MGP/OMR.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of MGP/OMR. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Magpie and adjust their investment strategies accordingly in the evolving market.

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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.