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Bitget: Ranked top 4 in global daily trading volume!
BTC market share61.90%
BTC/USDT$83670.49 (+2.19%)Fear and Greed Index30(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (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 share61.90%
BTC/USDT$83670.49 (+2.19%)Fear and Greed Index30(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
PRL
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 The Parallel(PRL) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 PRL at a value of 1 PRL 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 The Parallel currency pair is the PRL to SAR, with for The Parallel's currency code being PRL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.
PRL to SAR conversion rate trend
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In the past 1D, The Parallel has changed -0.16% to SAR. Based on the trend and price charts, The Parallel(PRL) has changed -0.16% to SAR while Saudi Riyal(SAR) has changed % to PRL in the last 24 hours.
PRL to SAR market statistics
PRL/SAR:
ر.س 0.002119
PRL 24h volume:
--
PRL market cap:
--
PRL circulating supply:
0 PRL
More info about The Parallel on Bitget
Current PRL to SAR exchange rate
The Parallel to Saudi Riyal is falling this week.The Parallel's current market price is ر.س 0.002119 per PRL, with a total market cap of ر.س 0 SAR based on a circulating supply of -- PRL. The trading volume of The Parallel has changed by 0.00% (ر.س 0 SAR) in the last 24 hours. Last trading day, PRL's trading volume was ر.س 0.
PRL to SAR Conversion tables
The exchange rate of The Parallel is decreasing.1 PRL is currently valued at ر.س 0.002119 SAR , which means buying 5 PRL will cost ر.س 0.01059 SAR . Similarly, ر.س1 SAR can be traded for 472.01 PRL, and ر.س50 SAR can be converted to 23,600.57 PRL, excluding any platform or gas fees.
The exchange rate of 1 PRL to Saudi Riyal has changed by -0.56% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.16%, reaching a high of 0.002122 SAR and a low of 0.002118 SAR . One month ago, the value of 1 PRL was ر.س 0.002119 SAR , which represents a -0.03% change from its current value. Over the last year, The Parallel has changed by , resulting in a change of -21.04% in its value.
-ر.س
0.0005642SARPRL to SAR
Amount
11:32 am today
0.5 PRL
ر.س0.001059
1 PRL
ر.س0.002119
5 PRL
ر.س0.01059
10 PRL
ر.س0.02119
50 PRL
ر.س0.1059
100 PRL
ر.س0.2119
500 PRL
ر.س1.06
1000 PRL
ر.س2.12
SAR to PRL
Amount11:32 am today
0.5SAR236.01 PRL
1SAR472.01 PRL
5SAR2,360.06 PRL
10SAR4,720.11 PRL
50SAR23,600.57 PRL
100SAR47,201.14 PRL
500SAR236,005.72 PRL
1000SAR472,011.45 PRL
PRL to SAR Today vs. 24 hours ago
| Amount | 11:32 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 PRL | ر.س0.001059 | ر.س0.001061 | -0.16% |
| 1 PRL | ر.س0.002119 | ر.س0.002122 | -0.16% |
| 5 PRL | ر.س0.01059 | ر.س0.01061 | -0.16% |
| 10 PRL | ر.س0.02119 | ر.س0.02122 | -0.16% |
| 50 PRL | ر.س0.1059 | ر.س0.1061 | -0.16% |
| 100 PRL | ر.س0.2119 | ر.س0.2122 | -0.16% |
| 500 PRL | ر.س1.06 | ر.س1.06 | -0.16% |
| 1000 PRL | ر.س2.12 | ر.س2.12 | -0.16% |
PRL to SAR Today vs. 1 month ago
| Amount | 11:32 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 PRL | ر.س0.001059 | ر.س0.001060 | -0.03% |
| 1 PRL | ر.س0.002119 | ر.س0.002119 | -0.03% |
| 5 PRL | ر.س0.01059 | ر.س0.01060 | -0.03% |
| 10 PRL | ر.س0.02119 | ر.س0.02119 | -0.03% |
| 50 PRL | ر.س0.1059 | ر.س0.1060 | -0.03% |
| 100 PRL | ر.س0.2119 | ر.س0.2119 | -0.03% |
| 500 PRL | ر.س1.06 | ر.س1.06 | -0.03% |
| 1000 PRL | ر.س2.12 | ر.س2.12 | -0.03% |
PRL to SAR Today vs. 1 year ago
| Amount | 11:32 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 PRL | ر.س0.001059 | ر.س0.001341 | -21.04% |
| 1 PRL | ر.س0.002119 | ر.س0.002683 | -21.04% |
| 5 PRL | ر.س0.01059 | ر.س0.01341 | -21.04% |
| 10 PRL | ر.س0.02119 | ر.س0.02683 | -21.04% |
| 50 PRL | ر.س0.1059 | ر.س0.1341 | -21.04% |
| 100 PRL | ر.س0.2119 | ر.س0.2683 | -21.04% |
| 500 PRL | ر.س1.06 | ر.س1.34 | -21.04% |
| 1000 PRL | ر.س2.12 | ر.س2.68 | -21.04% |
How to convert PRL to SAR
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Verify your identity by entering your personal information and uploading a valid photo ID.
Convert PRL to SAR
Use a variety of payment options to buy The Parallel on Bitget. We'll show you how.
Buy PRL (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading does not currently support direct buying of PRL with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy PRL 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 PRL (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading currently does not support direct selling of PRL to SAR. 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) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
|---|
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What factors influence the conversion rate of PRL to SAR?
There are many factors that affect the relationship between The Parallel 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 PRL/SAR. When there is positive news in the market about the widespread adoption of PRL or major technological breakthroughs, it tends to trigger market optimism and drive the rise of PRL/SAR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in PRL/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 PRL/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 The Parallel and adjust their investment strategies accordingly in the evolving market.
The Parallel price prediction
What will the price of PRL be in 2026?
Based on PRL's historical price performance prediction model, the price of PRL is projected to reach $0.0004975 in 2026.
What will the price of PRL be in 2031?
In 2031, the PRL price is expected to change by +41.00%. By the end of 2031, the PRL price is projected to reach $0.0009051, with a cumulative ROI of +60.35%.
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Popular The Parallel Converter
Check out these popular currency conversions of The Parallel to several fiat currencies.
PRL to TWD
1 PRL to NT$ 0.01874 TWD
PRL to CNY
1 PRL to ¥ 0.004113 CNY
PRL to USD
1 PRL to $ 0.0005646 USD
PRL to EUR
1 PRL to € 0.0005151 EUR
PRL to CAD
1 PRL to $ 0.0008033 CAD
PRL to SAR
1 PRL to ر.س 0.002119 SAR
PRL to KRW
1 PRL to ₩ 0.8240 KRW
PRL to JPY
1 PRL to ¥ 0.08298 JPY
PRL to GBP
1 PRL to £ 0.0004381 GBP
PRL to BRL
1 PRL to R$ 0.003299 BRL
Popular cryptocurrencies to SAR
Explore other cryptocurrencies based on your interest in The Parallel.
PI to SAR
1 PI to ر.س 2.8 SAR
FIL to SAR
1 FIL to ر.س 10.31 SAR
ATOM to SAR
1 ATOM to ر.س 18.54 SAR
USUAL to SAR
1 USUAL to ر.س 0.4645 SAR
BTC to SAR
1 BTC to ر.س 313,745.25 SAR
CRTS to SAR
1 CRTS to ر.س 0.001558 SAR
ZRO to SAR
1 ZRO to ر.س 11.43 SAR
VIDT to SAR
1 VIDT to ر.س 0.09603 SAR
AMP to SAR
1 AMP to ر.س 0.01368 SAR
BERA to SAR
1 BERA to ر.س 21.65 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 The Parallel 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 The Parallel 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 The Parallel 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.
