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NIM to SAR Converter and calculator

NIM/SAR: 1 NIM = 0.003173 SAR. The price of converting 1 Nimiq (NIM) to Saudi Riyal (SAR) is 0.003173 SAR today.
NIM
NIM
SAR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides NIM to SAR real-time exchange rates, making it easy to convert Nimiq (NIM) to Saudi Riyal (SAR). The conversion result is based on real-time data. The conversion result shows that 1 NIM is currently valued at 0.00 SAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 NIM is currently valued at 0.00 SAR, which means buying 5 NIM would cost 0.02 SAR. Similarly, ر.س1 SAR can be converted to 315.18 NIM, and ر.س50 SAR can be converted to 1,575.88 NIM, excluding any platform or gas fees.

Convert NIM to SAR

Convert SAR to NIM

Nimiq
Saudi Riyal
In the table above, you'll find a comprehensive NIM to SAR converter that shows the value of Nimiq in Saudi Riyal across commonly used conversion amounts. The list covers conversions from 1 NIM to SAR, all the way up to 10000 NIM, providing a clear view of their respective values.
Saudi Riyal
Nimiq
1000 SAR
315,176.35 NIM
2000 SAR
630,352.71 NIM
5000 SAR
1,575,881.77 NIM
10000 SAR
3,151,763.54 NIM
50000 SAR
15,758,817.68 NIM
100000 SAR
31,517,635.37 NIM
In the table above, you'll find a comprehensive SAR to NIM converter that shows the value of Saudi Riyal in Nimiq across commonly used conversion amounts. The list covers conversions from 1 SAR to NIM, all the way up to 100000 SAR, providing a clear view of their respective values.

NIM to SAR chart

NIM/SAR: 1 NIM = 0.003173 SAR; 2025/04/27 05:45:24
In the past 1D, Nimiq has changed +1.58% to SAR. Based on the trend and price charts, Nimiq(NIM) has changed +1.58% to SAR while Saudi Riyal(SAR) has changed % to NIM in the last 24 hours.
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NIM to SAR conversion data: Volatility and price changes of Nimiq in SAR

The highest Nimiq price in SAR over the past 7 days was 0.003220 SAR while the lowest Nimiq price in SAR over the past 7 days was 0.002731 SAR. The relative change between the highs and lows in Nimiq price in SAR over the last 7 days indicates a volatility of %. You can view additional volatility data and NIM 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
0.003220 SAR
0.003220 SAR
0.004015 SAR
0.006036 SAR
Low
0.003112 SAR
0.002731 SAR
0.002605 SAR
0.002605 SAR
Average
0 SAR
0 SAR
0 SAR
0 SAR
Volatility
%
%
%
%
Change
+1.58%
+15.67%
-22.25%
-28.48%

Nimiq information

NIM to SAR market statistics

NIM/SAR:
ر.س0.003173
NIM 24h volume:
ر.س235,988.41
NIM market cap:
ر.س41,358,364.3
NIM circulating supply:
13.04B NIM

Current NIM to SAR exchange rate

Nimiq to Saudi Riyal is rising this week.
Nimiq's current market price is ر.س0.003173 per NIM, with a total market cap of ر.س41,358,364.3 SAR based on a circulating supply of 13,035,178,000 NIM. The trading volume of Nimiq has changed by +0.94% (ر.س2,189.76 SAR) in the last 24 hours. Last trading day, NIM's trading volume was ر.س233,798.65.

More info about Nimiq 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 Nimiq currency pair is the NIM to SAR, with for Nimiq's currency code being NIM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.

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How to convert NIM to SAR

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NIM to SAR Conversion tables

The exchange rate of Nimiq is decreasing.
The exchange rate of 1 NIM to Saudi Riyal has changed by +15.67% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.58%, reaching a high of 0.003220 SAR and a low of 0.003112 SAR . One month ago, the value of 1 NIM was ر.س0.004080 SAR , which represents a -22.25% change from its current value. Over the last year, Nimiq has changed by
-ر.س
0.001682SAR
, resulting in a change of -34.67% in its value.
24 hours ago1 month ago1 year ago
Amount05:45 am today24 hours ago24h change
0.5 NIMر.س0.001586ر.س0.001562
+1.58%
1 NIMر.س0.003173ر.س0.003124
+1.58%
5 NIMر.س0.01586ر.س0.01562
+1.58%
10 NIMر.س0.03173ر.س0.03124
+1.58%
50 NIMر.س0.1586ر.س0.1562
+1.58%
100 NIMر.س0.3173ر.س0.3124
+1.58%
500 NIMر.س1.59ر.س1.56
+1.58%
1000 NIMر.س3.17ر.س3.12
+1.58%

NIM to SAR FAQ

How much is 1 Nimiq in SAR?
Right now, the price of 1 Nimiq (NIM) in Saudi Riyal (SAR) is ر.س0.003173.
How much NIM can I buy for 1 SAR?
Based on the current exchange rate, you can get 315.18 NIM for 1 SAR.
How do I calculate or convert NIM to SAR?
You can use our NIM to SAR calculator at the top of this page to convert any amount of NIM to SAR. We've also included quick-reference tables for the most popular conversions. For example, 5 SAR is equivalent to 1,575.88 NIM, while 5 NIM will cost around 0.01586SAR.
What is the highest price of NIM/SAR in history?
The all-time high price of 1 NIM in SAR is ر.س0.1302. It remains to be seen if the value of 1 NIM/SAR will exceed the current all-time high.
What is the price trend of Nimiq in SAR?
Over the past 7 days, the exchange rate of Nimiq (NIM) has gone up by 15.67%.   Over the last month, the exchange rate of Nimiq (NIM) has gone down by 22.25% against Saudi Riyal (SAR).

What factors influence the conversion rate of NIM to SAR?

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