BID
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 Bidao(BID) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 BID at a value of 1 BID 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 Bidao currency pair is the BID to SAR, with for Bidao's currency code being BID. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.
BID to SAR conversion rate trend
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In the past 1D, Bidao has changed -4.50% to SAR. Based on the trend and price charts, Bidao(BID) has changed -4.50% to SAR while Saudi Riyal(SAR) has changed % to BID in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | ر.س0.002603 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/11/25 00:33:25(UTC+0)
How to buy Bidao
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 Bidao (BID)
Use a variety of payment options to buy Bidao on Bitget. We'll show you how.
Buy BID (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading does not currently support direct buying of BID with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy BID 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 BID (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading currently does not support direct selling of BID to SAR. However, you can first exchange BID 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 Bidao to Saudi Riyal?
Bidao to Saudi Riyal is falling this week.Bidao's current market price is ر.س 0.002603 per BID, with a total market cap of ر.س 0 SAR based on a circulating supply of -- BID. The trading volume of Bidao has changed by +205.76% (ر.س 7,768.58 SAR) in the last 24 hours. Last trading day, BID's trading volume was ر.س 3,775.63.
Market cap
$0
24h volume
$3.08K
Circulating supply
0 BID
Conversion tables
The exchange rate of Bidao is decreasing.1 BID is currently valued at ر.س 0.002603 SAR , which means buying 5 BID will cost ر.س 0.01301 SAR . Similarly, ر.س1 SAR can be traded for 384.19 BID, and ر.س50 SAR can be converted to 19,209.48 BID, excluding any platform or gas fees.
The exchange rate of 1 BID to Saudi Riyal has changed by -16.60% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.50%, reaching a high of 0.002726 SAR and a low of 0.002556 SAR . One month ago, the value of 1 BID was ر.س 0.002952 SAR , which represents a -11.82% change from its current value. Over the last year, Bidao has changed by , resulting in a change of -43.55% in its value.
-ر.س
0.002008SARBID to SAR
Amount
02:22 am today
0.5 BID
ر.س0.001301
1 BID
ر.س0.002603
5 BID
ر.س0.01301
10 BID
ر.س0.02603
50 BID
ر.س0.1301
100 BID
ر.س0.2603
500 BID
ر.س1.3
1000 BID
ر.س2.6
SAR to BID
Amount02:22 am today
0.5SAR192.09 BID
1SAR384.19 BID
5SAR1,920.95 BID
10SAR3,841.9 BID
50SAR19,209.48 BID
100SAR38,418.95 BID
500SAR192,094.77 BID
1000SAR384,189.55 BID
Today vs. 24 hours ago
| Amount | 02:22 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 BID | $0.0003467 | $0.0003631 | -4.50% |
| 1 BID | $0.0006934 | $0.0007261 | -4.50% |
| 5 BID | $0.003467 | $0.003631 | -4.50% |
| 10 BID | $0.006934 | $0.007261 | -4.50% |
| 50 BID | $0.03467 | $0.03631 | -4.50% |
| 100 BID | $0.06934 | $0.07261 | -4.50% |
| 500 BID | $0.3467 | $0.3631 | -4.50% |
| 1000 BID | $0.6934 | $0.7261 | -4.50% |
Today vs. 1 month ago
| Amount | 02:22 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 BID | $0.0003467 | $0.0003932 | -11.82% |
| 1 BID | $0.0006934 | $0.0007864 | -11.82% |
| 5 BID | $0.003467 | $0.003932 | -11.82% |
| 10 BID | $0.006934 | $0.007864 | -11.82% |
| 50 BID | $0.03467 | $0.03932 | -11.82% |
| 100 BID | $0.06934 | $0.07864 | -11.82% |
| 500 BID | $0.3467 | $0.3932 | -11.82% |
| 1000 BID | $0.6934 | $0.7864 | -11.82% |
Today vs. 1 year ago
| Amount | 02:22 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 BID | $0.0003467 | $0.0006142 | -43.55% |
| 1 BID | $0.0006934 | $0.001228 | -43.55% |
| 5 BID | $0.003467 | $0.006142 | -43.55% |
| 10 BID | $0.006934 | $0.01228 | -43.55% |
| 50 BID | $0.03467 | $0.06142 | -43.55% |
| 100 BID | $0.06934 | $0.1228 | -43.55% |
| 500 BID | $0.3467 | $0.6142 | -43.55% |
| 1000 BID | $0.6934 | $1.23 | -43.55% |
Bidao price prediction
What will the price of BID be in 2025?
Based on BID's historical price performance prediction model, the price of BID is projected to reach $0.0008727 in 2025.
What will the price of BID be in 2030?
In 2030, the BID price is expected to change by +4.00%. By the end of 2030, the BID price is projected to reach $0.001500, with a cumulative ROI of +105.38%.
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Popular Bidao conversions
Check out these popular currency conversions of Bidao to several fiat currencies.
Bidao to USD
1 BID to $ 0.0006934 USD
Bidao to GBP
1 BID to £ 0.0005505 GBP
Bidao to EUR
1 BID to € 0.0006616 EUR
Bidao to KRW
1 BID to ₩ 0.9739 KRW
Bidao to CAD
1 BID to $ 0.0009663 CAD
Bidao to AUD
1 BID to $ 0.001060 AUD
Bidao to JPY
1 BID to ¥ 0.1069 JPY
Bidao to BRL
1 BID to R$ 0.004026 BRL
Bidao to CNY
1 BID to ¥ 0.005027 CNY
Bidao to TWD
1 BID to NT$ 0.02259 TWD
Popular cryptocurrencies to SAR
Explore other cryptocurrencies based on your interest in Bidao.
Bitcoin to SAR
1 BTC to ر.س 366,487.69 SAR
MAD to SAR
1 MAD to ر.س 0.0001486 SAR
XRP to SAR
1 XRP to ر.س 5.21 SAR
Stellar to SAR
1 XLM to ر.س 1.94 SAR
Kusama to SAR
1 KSM to ر.س 145.69 SAR
Dogecoin to SAR
1 DOGE to ر.س 1.58 SAR
Hedera to SAR
1 HBAR to ر.س 0.5308 SAR
Cardano to SAR
1 ADA to ر.س 3.72 SAR
Polkadot to SAR
1 DOT to ر.س 32.14 SAR
Solana to SAR
1 SOL to ر.س 941.09 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 Bidao 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 Bidao 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 Bidao 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.
