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Bitget: Ranked top 4 in global daily trading volume!
BTC market share61.29%
New listings on Bitget: Pi Network
BTC/USDT$81696.29 (-1.01%)Fear and Greed Index34(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$93.2M (1D); +$445.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share61.29%
New listings on Bitget: Pi Network
BTC/USDT$81696.29 (-1.01%)Fear and Greed Index34(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$93.2M (1D); +$445.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
MITH
SAR
Last updated as of 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 Mithril(MITH) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 MITH at a value of 1 MITH for 0.00 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 Mithril currency pair is the MITH to SAR, with for Mithril's currency code being MITH. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.
MITH to SAR conversion rate trend
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In the past 1D, Mithril has changed -2.53% to SAR. Based on the trend and price charts, Mithril(MITH) has changed -2.53% to SAR while Saudi Riyal(SAR) has changed % to MITH in the last 24 hours.
MITH to SAR market statistics
MITH/SAR:
ر.س 0.0006025
MITH 24h volume:
ر.س 2,326.34
MITH market cap:
ر.س 602,490.74
MITH circulating supply:
1.00B MITH
More info about Mithril on Bitget
Current MITH to SAR exchange rate
Mithril to Saudi Riyal is falling this week.Mithril's current market price is ر.س 0.0006025 per MITH, with a total market cap of ر.س 602,490.74 SAR based on a circulating supply of 1,000,000,000 MITH. The trading volume of Mithril has changed by +66.47% (ر.س 928.87 SAR) in the last 24 hours. Last trading day, MITH's trading volume was ر.س 1,397.47.
MITH to SAR Conversion tables
The exchange rate of Mithril is decreasing.1 MITH is currently valued at ر.س 0.0006025 SAR , which means buying 5 MITH will cost ر.س 0.003012 SAR . Similarly, ر.س1 SAR can be traded for 1,659.78 MITH, and ر.س50 SAR can be converted to 82,988.83 MITH, excluding any platform or gas fees.
The exchange rate of 1 MITH to Saudi Riyal has changed by -13.50% in the last 7 days. In the last 24 hours, the rate has fluctuated by -2.53%, reaching a high of 0.0006564 SAR and a low of 0.0005914 SAR . One month ago, the value of 1 MITH was ر.س 0.0006031 SAR , which represents a -0.10% change from its current value. Over the last year, Mithril has changed by , resulting in a change of -86.16% in its value.
-ر.س
0.003752SARMITH to SAR
Amount
00:37 am today
0.5 MITH
ر.س0.0003012
1 MITH
ر.س0.0006025
5 MITH
ر.س0.003012
10 MITH
ر.س0.006025
50 MITH
ر.س0.03012
100 MITH
ر.س0.06025
500 MITH
ر.س0.3012
1000 MITH
ر.س0.6025
SAR to MITH
Amount00:37 am today
0.5SAR829.89 MITH
1SAR1,659.78 MITH
5SAR8,298.88 MITH
10SAR16,597.77 MITH
50SAR82,988.83 MITH
100SAR165,977.65 MITH
500SAR829,888.26 MITH
1000SAR1,659,776.51 MITH
MITH to SAR Today vs. 24 hours ago
| Amount | 00:37 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 MITH | ر.س0.0003012 | ر.س0.0003091 | -2.53% |
| 1 MITH | ر.س0.0006025 | ر.س0.0006181 | -2.53% |
| 5 MITH | ر.س0.003012 | ر.س0.003091 | -2.53% |
| 10 MITH | ر.س0.006025 | ر.س0.006181 | -2.53% |
| 50 MITH | ر.س0.03012 | ر.س0.03091 | -2.53% |
| 100 MITH | ر.س0.06025 | ر.س0.06181 | -2.53% |
| 500 MITH | ر.س0.3012 | ر.س0.3091 | -2.53% |
| 1000 MITH | ر.س0.6025 | ر.س0.6181 | -2.53% |
MITH to SAR Today vs. 1 month ago
| Amount | 00:37 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 MITH | ر.س0.0003012 | ر.س0.0003015 | -0.10% |
| 1 MITH | ر.س0.0006025 | ر.س0.0006031 | -0.10% |
| 5 MITH | ر.س0.003012 | ر.س0.003015 | -0.10% |
| 10 MITH | ر.س0.006025 | ر.س0.006031 | -0.10% |
| 50 MITH | ر.س0.03012 | ر.س0.03015 | -0.10% |
| 100 MITH | ر.س0.06025 | ر.س0.06031 | -0.10% |
| 500 MITH | ر.س0.3012 | ر.س0.3015 | -0.10% |
| 1000 MITH | ر.س0.6025 | ر.س0.6031 | -0.10% |
MITH to SAR Today vs. 1 year ago
| Amount | 00:37 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 MITH | ر.س0.0003012 | ر.س0.002177 | -86.16% |
| 1 MITH | ر.س0.0006025 | ر.س0.004354 | -86.16% |
| 5 MITH | ر.س0.003012 | ر.س0.02177 | -86.16% |
| 10 MITH | ر.س0.006025 | ر.س0.04354 | -86.16% |
| 50 MITH | ر.س0.03012 | ر.س0.2177 | -86.16% |
| 100 MITH | ر.س0.06025 | ر.س0.4354 | -86.16% |
| 500 MITH | ر.س0.3012 | ر.س2.18 | -86.16% |
| 1000 MITH | ر.س0.6025 | ر.س4.35 | -86.16% |
How to convert MITH to SAR
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.
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Verify your identity by entering your personal information and uploading a valid photo ID.
Convert MITH to SAR
Use a variety of payment options to buy Mithril on Bitget. We'll show you how.
Buy MITH (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading does not currently support direct buying of MITH with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy MITH 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 MITH (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading currently does not support direct selling of MITH to SAR. However, you can first exchange MITH 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 MITH to SAR?
There are many factors that affect the relationship between Mithril and Saudi Riyal, 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 MITH/SAR. When there is positive news in the market about the widespread adoption of MITH or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MITH/SAR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MITH/SAR.
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.
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 MITH/SAR. 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 Mithril and adjust their investment strategies accordingly in the evolving market.
Mithril price prediction
What will the price of MITH be in 2026?
Based on MITH's historical price performance prediction model, the price of MITH is projected to reach $0.0001988 in 2026.
What will the price of MITH be in 2031?
In 2031, the MITH price is expected to change by +37.00%. By the end of 2031, the MITH price is projected to reach $0.0005407, with a cumulative ROI of +209.07%.
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Popular Mithril Converter
Check out these popular currency conversions of Mithril to several fiat currencies.
MITH to TWD
1 MITH to NT$ 0.005334 TWD
MITH to CNY
1 MITH to ¥ 0.001168 CNY
MITH to USD
1 MITH to $ 0.0001607 USD
MITH to EUR
1 MITH to € 0.0001484 EUR
MITH to CAD
1 MITH to $ 0.0002300 CAD
MITH to SAR
1 MITH to ر.س 0.0006025 SAR
MITH to KRW
1 MITH to ₩ 0.2363 KRW
MITH to JPY
1 MITH to ¥ 0.02400 JPY
MITH to GBP
1 MITH to £ 0.0001242 GBP
MITH to BRL
1 MITH to R$ 0.0009253 BRL
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Explore other cryptocurrencies based on your interest in Mithril.
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1 CORE to ر.س 1.82 SAR
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1 ALPACA to ر.س 0.2132 SAR
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1 X to ر.س 0.0003124 SAR
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1 EOS to ر.س 2.25 SAR
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1 PNUT to ر.س 0.6683 SAR
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1 CRO to ر.س 0.3793 SAR
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1 UFT to ر.س 0.2947 SAR
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1 ZRO to ر.س 10.72 SAR
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1 KILO to ر.س 0.3866 SAR
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1 MAVIA to ر.س 1.65 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 Mithril 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 Mithril 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 Mithril 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.
