OIL
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 Oiler Network(OIL) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 OIL at a value of 1 OIL for 0.16 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 Oiler Network currency pair is the OIL to SAR, with for Oiler Network's currency code being OIL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.
OIL to SAR conversion rate trend
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In the past 1D, Oiler Network has changed +0.03% to SAR. Based on the trend and price charts, Oiler Network(OIL) has changed +0.03% to SAR while Saudi Riyal(SAR) has changed % to OIL in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | ر.س0.1584 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/11/22 08:37:28(UTC+0)
How to buy Oiler Network
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 Oiler Network (OIL)
Use a variety of payment options to buy Oiler Network on Bitget. We'll show you how.
Buy OIL (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading does not currently support direct buying of OIL with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy OIL 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 OIL (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading currently does not support direct selling of OIL to SAR. However, you can first exchange OIL 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 Oiler Network to Saudi Riyal?
Oiler Network to Saudi Riyal is rising this week.Oiler Network's current market price is ر.س 0.1584 per OIL, with a total market cap of ر.س 0 SAR based on a circulating supply of -- OIL. The trading volume of Oiler Network has changed by -89.50% (ر.س -633.71 SAR) in the last 24 hours. Last trading day, OIL's trading volume was ر.س 708.07.
Market cap
$0
24h volume
$19.80696831
Circulating supply
0 OIL
Conversion tables
The exchange rate of Oiler Network is increasing.1 OIL is currently valued at ر.س 0.1584 SAR , which means buying 5 OIL will cost ر.س 0.7921 SAR . Similarly, ر.س1 SAR can be traded for 6.31 OIL, and ر.س50 SAR can be converted to 315.61 OIL, excluding any platform or gas fees.
The exchange rate of 1 OIL to Saudi Riyal has changed by +0.12% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.03%, reaching a high of 0.1584 SAR and a low of 0.1584 SAR . One month ago, the value of 1 OIL was ر.س 0.1584 SAR , which represents a +0.05% change from its current value. Over the last year, Oiler Network has changed by , resulting in a change of 0.00% in its value.
+ر.س
0.1584SAROIL to SAR
Amount
14:13 today
0.5 OIL
ر.س0.07921
1 OIL
ر.س0.1584
5 OIL
ر.س0.7921
10 OIL
ر.س1.58
50 OIL
ر.س7.92
100 OIL
ر.س15.84
500 OIL
ر.س79.21
1000 OIL
ر.س158.42
SAR to OIL
Amount14:13 today
0.5SAR3.16 OIL
1SAR6.31 OIL
5SAR31.56 OIL
10SAR63.12 OIL
50SAR315.61 OIL
100SAR631.23 OIL
500SAR3,156.13 OIL
1000SAR6,312.26 OIL
Today vs. 24 hours ago
| Amount | 14:13 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 OIL | $0.02110 | $0.02109 | +0.03% |
| 1 OIL | $0.04220 | $0.04218 | +0.03% |
| 5 OIL | $0.2110 | $0.2109 | +0.03% |
| 10 OIL | $0.4220 | $0.4218 | +0.03% |
| 50 OIL | $2.11 | $2.11 | +0.03% |
| 100 OIL | $4.22 | $4.22 | +0.03% |
| 500 OIL | $21.1 | $21.09 | +0.03% |
| 1000 OIL | $42.2 | $42.18 | +0.03% |
Today vs. 1 month ago
| Amount | 14:13 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 OIL | $0.02110 | $0.02109 | +0.05% |
| 1 OIL | $0.04220 | $0.04218 | +0.05% |
| 5 OIL | $0.2110 | $0.2109 | +0.05% |
| 10 OIL | $0.4220 | $0.4218 | +0.05% |
| 50 OIL | $2.11 | $2.11 | +0.05% |
| 100 OIL | $4.22 | $4.22 | +0.05% |
| 500 OIL | $21.1 | $21.09 | +0.05% |
| 1000 OIL | $42.2 | $42.18 | +0.05% |
Today vs. 1 year ago
| Amount | 14:13 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 OIL | $0.02110 | $0.00 | 0.00% |
| 1 OIL | $0.04220 | $0.00 | 0.00% |
| 5 OIL | $0.2110 | $0.00 | 0.00% |
| 10 OIL | $0.4220 | $0.00 | 0.00% |
| 50 OIL | $2.11 | $0.00 | 0.00% |
| 100 OIL | $4.22 | $0.00 | 0.00% |
| 500 OIL | $21.1 | $0.00 | 0.00% |
| 1000 OIL | $42.2 | $0.00 | 0.00% |
Oiler Network price prediction
What will the price of OIL be in 2025?
Based on OIL's historical price performance prediction model, the price of OIL is projected to reach $0.04759 in 2025.
What will the price of OIL be in 2030?
In 2030, the OIL price is expected to change by 0.00%. By the end of 2030, the OIL price is projected to reach $0.04405, with a cumulative ROI of +4.39%.
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Popular Oiler Network conversions
Check out these popular currency conversions of Oiler Network to several fiat currencies.
Oiler Network to USD
1 OIL to $ 0.04220 USD
Oiler Network to GBP
1 OIL to £ 0.03372 GBP
Oiler Network to EUR
1 OIL to € 0.04053 EUR
Oiler Network to KRW
1 OIL to ₩ 59.35 KRW
Oiler Network to CAD
1 OIL to $ 0.05900 CAD
Oiler Network to AUD
1 OIL to $ 0.06490 AUD
Oiler Network to JPY
1 OIL to ¥ 6.52 JPY
Oiler Network to BRL
1 OIL to R$ 0.2447 BRL
Oiler Network to CNY
1 OIL to ¥ 0.3058 CNY
Oiler Network to TWD
1 OIL to NT$ 1.37 TWD
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Explore other cryptocurrencies based on your interest in Oiler Network.
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1 MAD to ر.س 0.0001765 SAR
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1 HAROLD to ر.س 0.007771 SAR
Bitcoin to SAR
1 BTC to ر.س 367,997.05 SAR
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1 TAI to ر.س 0.6969 SAR
EGO to SAR
1 EGO to ر.س 0.07139 SAR
Just a chill guy to SAR
1 CHILLGUY to ر.س 1.43 SAR
Sharpe AI to SAR
1 SAI to ر.س 0.1275 SAR
XRP to SAR
1 XRP to ر.س 5.39 SAR
Stellar to SAR
1 XLM to ر.س 1.1 SAR
Solana to SAR
1 SOL to ر.س 962.19 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 Oiler Network 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 Oiler Network 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 Oiler Network 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.
