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base info The Parallel

The Parallel to Omani Rial Converter and calculator

Convert 1The Parallel (PRL) to Omani Rial (OMR) equals ر.ع. 0.0002207 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of The Parallel(PRL) to Omani Rial(OMR). This is the real-time data. The current conversion shows 1 PRL at a value of 1 PRL for 0.00 OMR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

OMR 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.

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

PRL to OMR conversion rate trend

1D7D1M3M1YAll
In the past 1D, The Parallel has changed -0.00% to OMR. Based on the trend and price charts, The Parallel(PRL) has changed -0.00% to OMR while Omani Rial(OMR) has changed % to PRL in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
ر.ع.0.0002206
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/12/27 08:34:48(UTC+0)

How to buy The Parallel

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Buy The Parallel (PRL)
Use a variety of payment options to buy The Parallel on Bitget. We'll show you how.

Buy PRL (or USDT) for OMR (Omani Rial) offers

Bitget P2P trading does not currently support direct buying of PRL with OMR. However, you can buy USDT in Bitget P2P trading first, and then buy PRL with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
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Sell PRL (or USDT) for OMR (Omani Rial) offers

Bitget P2P trading currently does not support direct selling of PRL to OMR. However, you can first exchange PRL for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
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What factors influence the conversion rate of The Parallel to Omani Rial?

The Parallel to Omani Rial is rising this week.
The Parallel's current market price is ر.ع. 0.0002207 per PRL, with a total market cap of ر.ع. 0 OMR based on a circulating supply of -- PRL. The trading volume of The Parallel has changed by +2845.06% (ر.ع. 15.12 OMR) in the last 24 hours. Last trading day, PRL's trading volume was ر.ع. 0.5313.
Market cap
$0
24h volume
$40.64111225
Circulating supply
0 PRL

Conversion tables

The exchange rate of The Parallel is increasing.
1 PRL is currently valued at ر.ع. 0.0002207 OMR , which means buying 5 PRL will cost ر.ع. 0.001103 OMR . Similarly, ر.ع.1 OMR can be traded for 4,531.38 PRL, and ر.ع.50 OMR can be converted to 226,569.09 PRL, excluding any platform or gas fees.
The exchange rate of 1 PRL to Omani Rial has changed by +1.72% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.00%, reaching a high of 0.0002246 OMR and a low of 0.0002246 OMR . One month ago, the value of 1 PRL was ر.ع. 0.0002195 OMR , which represents a +0.55% change from its current value. Over the last year, The Parallel has changed by
-ر.ع.
0.{4}9452OMR
, resulting in a change of -29.62% in its value.

PRL to OMR

Amount
12:07 today
0.5 PRL
ر.ع.0.0001103
1 PRL
ر.ع.0.0002207
5 PRL
ر.ع.0.001103
10 PRL
ر.ع.0.002207
50 PRL
ر.ع.0.01103
100 PRL
ر.ع.0.02207
500 PRL
ر.ع.0.1103
1000 PRL
ر.ع.0.2207

OMR to PRL

Amount12:07 today
0.5OMR2,265.69  PRL
1OMR4,531.38  PRL
5OMR22,656.91  PRL
10OMR45,313.82  PRL
50OMR226,569.09  PRL
100OMR453,138.19  PRL
500OMR2,265,690.94  PRL
1000OMR4,531,381.89  PRL

Today vs. 24 hours ago

Amount12:07 today24 hours ago24h change
0.5 PRL$0.0002866$0.0002866
-0.00%
1 PRL$0.0005732$0.0005732
-0.00%
5 PRL$0.002866$0.002866
-0.00%
10 PRL$0.005732$0.005732
-0.00%
50 PRL$0.02866$0.02866
-0.00%
100 PRL$0.05732$0.05732
-0.00%
500 PRL$0.2866$0.2866
-0.00%
1000 PRL$0.5732$0.5732
-0.00%

Today vs. 1 month ago

Amount12:07 today1 month ago1M change
0.5 PRL$0.0002866$0.0002850
+0.55%
1 PRL$0.0005732$0.0005700
+0.55%
5 PRL$0.002866$0.002850
+0.55%
10 PRL$0.005732$0.005700
+0.55%
50 PRL$0.02866$0.02850
+0.55%
100 PRL$0.05732$0.05700
+0.55%
500 PRL$0.2866$0.2850
+0.55%
1000 PRL$0.5732$0.5700
+0.55%

Today vs. 1 year ago

Amount12:07 today1 year ago1Y change
0.5 PRL$0.0002866$0.0004094
-29.62%
1 PRL$0.0005732$0.0008187
-29.62%
5 PRL$0.002866$0.004094
-29.62%
10 PRL$0.005732$0.008187
-29.62%
50 PRL$0.02866$0.04094
-29.62%
100 PRL$0.05732$0.08187
-29.62%
500 PRL$0.2866$0.4094
-29.62%
1000 PRL$0.5732$0.8187
-29.62%

The Parallel price prediction

What will the price of PRL be in 2025?

Based on PRL's historical price performance prediction model, the price of PRL is projected to reach $0.0008262 in 2025.

What will the price of PRL be in 2030?

In 2030, the PRL price is expected to change by -19.00%. By the end of 2030, the PRL price is projected to reach $0.0009552, with a cumulative ROI of +66.49%.

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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 The Parallel and OMR.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as The Parallel and OMR. 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 The Parallel in OMR, 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.