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PRL to SAR Converter and calculator

PRL/SAR: 1 PRL = 0.002099 SAR. The price of converting 1 The Parallel (PRL) to Saudi Riyal (SAR) is 0.002099 SAR today.
PRL
PRL
SAR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides PRL to SAR real-time exchange rates, making it easy to convert The Parallel (PRL) to Saudi Riyal (SAR). The conversion result is based on real-time data. The conversion result shows that 1 PRL is currently valued at 0.00 SAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 PRL is currently valued at 0.00 SAR, which means buying 5 PRL would cost 0.01 SAR. Similarly, ر.س1 SAR can be converted to 476.48 PRL, and ر.س50 SAR can be converted to 2,382.38 PRL, excluding any platform or gas fees.

Convert PRL to SAR

Convert SAR to PRL

The Parallel
Saudi Riyal
In the table above, you'll find a comprehensive PRL to SAR converter that shows the value of The Parallel in Saudi Riyal across commonly used conversion amounts. The list covers conversions from 1 PRL to SAR, all the way up to 10000 PRL, providing a clear view of their respective values.
Saudi Riyal
The Parallel
1000 SAR
476,476.63 PRL
2000 SAR
952,953.26 PRL
5000 SAR
2,382,383.14 PRL
10000 SAR
4,764,766.28 PRL
50000 SAR
23,823,831.42 PRL
100000 SAR
47,647,662.84 PRL
In the table above, you'll find a comprehensive SAR to PRL converter that shows the value of Saudi Riyal in The Parallel across commonly used conversion amounts. The list covers conversions from 1 SAR to PRL, all the way up to 100000 SAR, providing a clear view of their respective values.

PRL to SAR chart

PRL/SAR: 1 PRL = 0.002099 SAR; 2025/04/30 05:29:12
In the past 1D, The Parallel has changed +0.09% to SAR. Based on the trend and price charts, The Parallel(PRL) has changed +0.09% to SAR while Saudi Riyal(SAR) has changed % to PRL in the last 24 hours.
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PRL to SAR conversion data: Volatility and price changes of The Parallel in SAR

The highest The Parallel price in SAR over the past 7 days was 0.002104 SAR while the lowest The Parallel price in SAR over the past 7 days was 0.002092 SAR. The relative change between the highs and lows in The Parallel price in SAR over the last 7 days indicates a volatility of %. You can view additional volatility data and PRL to SAR 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
0.002099 SAR
0.002104 SAR
0.002123 SAR
0.002166 SAR
Low
0.002097 SAR
0.002092 SAR
0.002092 SAR
0.002092 SAR
Average
0 SAR
0 SAR
0 SAR
0 SAR
Volatility
%
%
%
%
Change
+0.09%
-0.08%
-1.10%
-1.23%

The Parallel information

PRL to SAR market statistics

PRL/SAR:
ر.س0.002099
PRL 24h volume:
--
PRL market cap:
--
PRL circulating supply:
0 PRL

Current PRL to SAR exchange rate

The Parallel to Saudi Riyal is falling this week.
The Parallel's current market price is ر.س0.002099 per PRL, with a total market cap of ر.س0 SAR based on a circulating supply of -- PRL. The trading volume of The Parallel has changed by 0.00% (ر.س0 SAR) in the last 24 hours. Last trading day, PRL's trading volume was ر.س0.

More info about The Parallel on Bitget

Saudi Riyal 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.

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How to convert PRL to SAR

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PRL to SAR Conversion tables

The exchange rate of The Parallel is decreasing.
The exchange rate of 1 PRL to Saudi Riyal has changed by -0.08% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.09%, reaching a high of 0.002099 SAR and a low of 0.002097 SAR . One month ago, the value of 1 PRL was ر.س0.002122 SAR , which represents a -1.10% change from its current value. Over the last year, The Parallel has changed by
-ر.س
0.0005839SAR
, resulting in a change of -21.76% in its value.
24 hours ago1 month ago1 year ago
Amount05:29 am today24 hours ago24h change
0.5 PRLر.س0.001049ر.س0.001048
+0.09%
1 PRLر.س0.002099ر.س0.002097
+0.09%
5 PRLر.س0.01049ر.س0.01048
+0.09%
10 PRLر.س0.02099ر.س0.02097
+0.09%
50 PRLر.س0.1049ر.س0.1048
+0.09%
100 PRLر.س0.2099ر.س0.2097
+0.09%
500 PRLر.س1.05ر.س1.05
+0.09%
1000 PRLر.س2.1ر.س2.1
+0.09%

PRL to SAR FAQ

How much is 1 The Parallel in SAR?
Right now, the price of 1 The Parallel (PRL) in Saudi Riyal (SAR) is ر.س0.002099.
How much PRL can I buy for 1 SAR?
Based on the current exchange rate, you can get 476.48 PRL for 1 SAR.
How do I calculate or convert PRL to SAR?
You can use our PRL to SAR calculator at the top of this page to convert any amount of PRL to SAR. We've also included quick-reference tables for the most popular conversions. For example, 5 SAR is equivalent to 2,382.38 PRL, while 5 PRL will cost around 0.01049SAR.
What is the highest price of PRL/SAR in history?
The all-time high price of 1 PRL in SAR is ر.س2.72. It remains to be seen if the value of 1 PRL/SAR will exceed the current all-time high.
What is the price trend of The Parallel in SAR?
Over the past 7 days, the exchange rate of The Parallel (PRL) has gone down by 0.08%.   Over the last month, the exchange rate of The Parallel (PRL) has gone down by 1.10% against Saudi Riyal (SAR).

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.
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.

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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.