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RAI to GBP Converter and calculator

RAI/GBP: 1 RAI = 1.74 GBP. The price of converting 1 Rai Reflex Index (RAI) to Pound Sterling (GBP) is 1.74 GBP today.
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GBP
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides RAI to GBP real-time exchange rates, making it easy to convert Rai Reflex Index (RAI) to Pound Sterling (GBP). The conversion result is based on real-time data. The conversion result shows that 1 RAI is currently valued at 1.74 GBP. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 RAI is currently valued at 1.74 GBP, which means buying 5 RAI would cost 8.68 GBP. Similarly, £1 GBP can be converted to 0.5762 RAI, and £50 GBP can be converted to 2.88 RAI, excluding any platform or gas fees.

Convert RAI to GBP

Convert GBP to RAI

Rai Reflex Index
Pound Sterling
1000 RAI
1,735.62  GBP
5000 RAI
8,678.11  GBP
10000 RAI
17,356.22  GBP
In the table above, you'll find a comprehensive RAI to GBP converter that shows the value of Rai Reflex Index in Pound Sterling across commonly used conversion amounts. The list covers conversions from 1 RAI to GBP, all the way up to 10000 RAI, providing a clear view of their respective values.
Pound Sterling
Rai Reflex Index
50000 GBP
28,808.12 RAI
100000 GBP
57,616.25 RAI
In the table above, you'll find a comprehensive GBP to RAI converter that shows the value of Pound Sterling in Rai Reflex Index across commonly used conversion amounts. The list covers conversions from 1 GBP to RAI, all the way up to 100000 GBP, providing a clear view of their respective values.

RAI to GBP chart

RAI/GBP: 1 RAI = 1.74 GBP; 2025/04/29 13:29:10
In the past 1D, Rai Reflex Index has changed -13.10% to GBP. Based on the trend and price charts, Rai Reflex Index(RAI) has changed -13.10% to GBP while Pound Sterling(GBP) has changed % to RAI in the last 24 hours.
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RAI to GBP conversion data: Volatility and price changes of Rai Reflex Index in GBP

The highest Rai Reflex Index price in GBP over the past 7 days was 2.29 GBP while the lowest Rai Reflex Index price in GBP over the past 7 days was 1.73 GBP. The relative change between the highs and lows in Rai Reflex Index price in GBP over the last 7 days indicates a volatility of %. You can view additional volatility data and RAI to GBP 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
1.99 GBP
2.29 GBP
2.63 GBP
2.63 GBP
Low
1.73 GBP
1.73 GBP
1.47 GBP
1.47 GBP
Average
0 GBP
0 GBP
0 GBP
0 GBP
Volatility
%
%
%
%
Change
-13.10%
-21.43%
-21.88%
-22.28%

Rai Reflex Index information

RAI to GBP market statistics

RAI/GBP:
£1.74
RAI 24h volume:
£22,497.67
RAI market cap:
£1,384,567.83
RAI circulating supply:
797.74K RAI

Current RAI to GBP exchange rate

Rai Reflex Index to Pound Sterling is falling this week.
Rai Reflex Index's current market price is £1.74 per RAI, with a total market cap of £1,384,567.83 GBP based on a circulating supply of 797,736 RAI. The trading volume of Rai Reflex Index has changed by +23.57% (£4,290.99 GBP) in the last 24 hours. Last trading day, RAI's trading volume was £18,206.69.

More info about Rai Reflex Index on Bitget

Pound Sterling information

About the Pound Sterling (GBP)

What Is the Pound Sterling (GBP)?

The Pound Sterling, commonly known as the sterling or pound and abbreviated as GBP, is the national currency of the United Kingdom (including England, Scotland, Wales, and Northern Ireland), the Isle of Man, South Sandwich Islands, Gibraltar, South Georgia, and the British Antarctic Territory. It holds the distinction of being the oldest currency still in continuous use today. The symbol for the pound is £, and it is divided into 100 smaller units called pence.

GBP is the fourth most traded currency in the foreign exchange market, following the US dollar, the euro, and the Japanese yen. It is also part of the basket of currencies used by the International Monetary Fund (IMF) to calculate its special drawing rights. The Bank of England, the central bank of the UK, is responsible for issuing and regulating the pound. While banknotes are issued in England and Wales by the Bank of England, Scotland and Northern Ireland have their own banknotes, which are not governed by the Bank of England but are accepted throughout the UK.

What Is the History of GBP?

The term "pound sterling" originates from the Latin word "libra," denoting balance and weight. The pound coin was first introduced in 1489 during the reign of Henry VII. The Bank of England, established in 1694, began issuing pound notes shortly thereafter. These notes were initially handwritten. The pound operated in a complex system of shillings and pennies until 1971 when the decimal system was adopted. The UK allowed the pound to float freely in the currency market in 1971, letting market forces determine its value. Despite the introduction of the euro in 2002, the UK chose to retain the pound as its currency.

Notes and Coins of GBP

The pound sterling is available in various denominations. Banknotes are issued in £5, £10, £20, and £50 denominations, with some being printed on polymer for durability. Coins are minted in 1p, 2p, 5p, 10p, 20p, 50p, £1, and £2 denominations.

What Is a Quid?

"Quid" is a slang term commonly used in the United Kingdom to refer to the British pound sterling (GBP), the currency of the United Kingdom. Its exact origin is unclear, but the most accepted theory is that it derives from the Latin phrase "quid pro quo," meaning "something for something," often used in financial and legal contexts. Another less substantiated theory links it to the Royal Mint in Quidhampton, Wiltshire. Over time, "quid" has become synonymous with "pound" in everyday British vernacular, used in the same informal manner as "bucks" is for dollars in the United States. Notably, the term remains singular regardless of the amount, so one would say "twenty quid" instead of "twenty quids."

Why Is GBP Worth More Than USD?

The British Pound (GBP) often holds a higher value than the US Dollar (USD) due to a combination of historical, economic, and market factors, rather than a direct reflection of the respective economies' strength. Historically, the GBP was the dominant currency in foreign exchange, with £1 fetching more than $5 before World War I. As of January 2024, the GBP continued to exhibit strength, maintaining a value of over 1.25 USD. This resilience is evident even after significant events like the 2007–2009 financial crisis, where the GBP peaked at just over 2.00 USD but later stabilized to 1.40–1.45. The impact of Brexit in 2016 further influenced this dynamic, causing a sharp fall in the GBP from the 1.40–1.45 range to 1.20–1.25, and reaching a 30-year low of about $1.05 in September 2022. This trend reflects the relative economic conditions of the UK and the US, with the UK facing challenges from Brexit and the US economy showing improvement. The total circulation of GBP is also much lower than that of USD, contributing to its higher nominal value.

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

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How to convert RAI to GBP

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Bitget P2P trading does not currently support direct buying of RAI with GBP. However, you can buy USDT in Bitget P2P trading first, and then buy RAI with USDT via Bitget spot market.
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RAI to GBP Conversion tables

The exchange rate of Rai Reflex Index is decreasing.
The exchange rate of 1 RAI to Pound Sterling has changed by -21.43% in the last 7 days. In the last 24 hours, the rate has fluctuated by -13.10%, reaching a high of 1.99 GBP and a low of 1.73 GBP . One month ago, the value of 1 RAI was £2.22 GBP , which represents a -21.88% change from its current value. Over the last year, Rai Reflex Index has changed by
-£
0.3522GBP
, resulting in a change of -16.84% in its value.
24 hours ago1 month ago1 year ago
Amount13:29 today24 hours ago24h change
0.5 RAI£0.8678£0.9989
-13.10%
1 RAI£1.74£2
-13.10%
5 RAI£8.68£9.99
-13.10%
10 RAI£17.36£19.98
-13.10%
50 RAI£86.78£99.89
-13.10%
100 RAI£173.56£199.78
-13.10%
500 RAI£867.81£998.92
-13.10%
1000 RAI£1,735.62£1,997.84
-13.10%

RAI to GBP FAQ

How much is 1 Rai Reflex Index in GBP?
Right now, the price of 1 Rai Reflex Index (RAI) in Pound Sterling (GBP) is £1.74.
How much RAI can I buy for 1 GBP?
Based on the current exchange rate, you can get 0.5762 RAI for 1 GBP.
How do I calculate or convert RAI to GBP?
You can use our RAI to GBP calculator at the top of this page to convert any amount of RAI to GBP. We've also included quick-reference tables for the most popular conversions. For example, 5 GBP is equivalent to 2.88 RAI, while 5 RAI will cost around 8.68GBP.
What is the highest price of RAI/GBP in history?
The all-time high price of 1 RAI in GBP is £3.13. It remains to be seen if the value of 1 RAI/GBP will exceed the current all-time high.
What is the price trend of Rai Reflex Index in GBP?
Over the past 7 days, the exchange rate of Rai Reflex Index (RAI) has gone down by 21.43%.   Over the last month, the exchange rate of Rai Reflex Index (RAI) has gone down by 21.88% against Pound Sterling (GBP).

What factors influence the conversion rate of RAI to GBP?

There are many factors that affect the relationship between Rai Reflex Index and Pound Sterling, 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 RAI/GBP. When there is positive news in the market about the widespread adoption of RAI or major technological breakthroughs, it tends to trigger market optimism and drive the rise of RAI/GBP. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in RAI/GBP.
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 RAI/GBP. 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 Rai Reflex Index 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.