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Bitget: Ranked top 4 in global daily trading volume!
BTC market share61.97%
New listings on Bitget: Pi Network
BTC/USDT$82920.64 (-1.02%)Fear and Greed Index28(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$120.9M (1D); -$35.8M (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 share61.97%
New listings on Bitget: Pi Network
BTC/USDT$82920.64 (-1.02%)Fear and Greed Index28(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$120.9M (1D); -$35.8M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
SOV
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 Sovryn(SOV) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 SOV at a value of 1 SOV for 0.66 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 Sovryn currency pair is the SOV to SAR, with for Sovryn's currency code being SOV. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.
SOV to SAR conversion rate trend
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In the past 1D, Sovryn has changed -4.80% to SAR. Based on the trend and price charts, Sovryn(SOV) has changed -4.80% to SAR while Saudi Riyal(SAR) has changed % to SOV in the last 24 hours.
SOV to SAR market statistics
SOV/SAR:
ر.س 0.6639
SOV 24h volume:
ر.س 203,017.76
SOV market cap:
ر.س 39,899,203.39
SOV circulating supply:
60.10M SOV
More info about Sovryn on Bitget
Current SOV to SAR exchange rate
Sovryn to Saudi Riyal is falling this week.Sovryn's current market price is ر.س 0.6639 per SOV, with a total market cap of ر.س 39,899,203.39 SAR based on a circulating supply of 60,100,870 SOV. The trading volume of Sovryn has changed by +14.87% (ر.س 26,278.17 SAR) in the last 24 hours. Last trading day, SOV's trading volume was ر.س 176,739.59.
SOV to SAR Conversion tables
The exchange rate of Sovryn is decreasing.1 SOV is currently valued at ر.س 0.6639 SAR , which means buying 5 SOV will cost ر.س 3.32 SAR . Similarly, ر.س1 SAR can be traded for 1.51 SOV, and ر.س50 SAR can be converted to 75.32 SOV, excluding any platform or gas fees.
The exchange rate of 1 SOV to Saudi Riyal has changed by -8.54% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.80%, reaching a high of 0.6985 SAR and a low of 0.6638 SAR . One month ago, the value of 1 SOV was ر.س 0.7418 SAR , which represents a -10.51% change from its current value. Over the last year, Sovryn has changed by , resulting in a change of -91.14% in its value.
-ر.س
6.83SARSOV to SAR
Amount
02:59 am today
0.5 SOV
ر.س0.3319
1 SOV
ر.س0.6639
5 SOV
ر.س3.32
10 SOV
ر.س6.64
50 SOV
ر.س33.19
100 SOV
ر.س66.39
500 SOV
ر.س331.94
1000 SOV
ر.س663.87
SAR to SOV
Amount02:59 am today
0.5SAR0.7532 SOV
1SAR1.51 SOV
5SAR7.53 SOV
10SAR15.06 SOV
50SAR75.32 SOV
100SAR150.63 SOV
500SAR753.16 SOV
1000SAR1,506.32 SOV
SOV to SAR Today vs. 24 hours ago
| Amount | 02:59 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 SOV | ر.س0.3319 | ر.س0.3487 | -4.80% |
| 1 SOV | ر.س0.6639 | ر.س0.6973 | -4.80% |
| 5 SOV | ر.س3.32 | ر.س3.49 | -4.80% |
| 10 SOV | ر.س6.64 | ر.س6.97 | -4.80% |
| 50 SOV | ر.س33.19 | ر.س34.87 | -4.80% |
| 100 SOV | ر.س66.39 | ر.س69.73 | -4.80% |
| 500 SOV | ر.س331.94 | ر.س348.66 | -4.80% |
| 1000 SOV | ر.س663.87 | ر.س697.32 | -4.80% |
SOV to SAR Today vs. 1 month ago
| Amount | 02:59 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 SOV | ر.س0.3319 | ر.س0.3709 | -10.51% |
| 1 SOV | ر.س0.6639 | ر.س0.7418 | -10.51% |
| 5 SOV | ر.س3.32 | ر.س3.71 | -10.51% |
| 10 SOV | ر.س6.64 | ر.س7.42 | -10.51% |
| 50 SOV | ر.س33.19 | ر.س37.09 | -10.51% |
| 100 SOV | ر.س66.39 | ر.س74.18 | -10.51% |
| 500 SOV | ر.س331.94 | ر.س370.92 | -10.51% |
| 1000 SOV | ر.س663.87 | ر.س741.85 | -10.51% |
SOV to SAR Today vs. 1 year ago
| Amount | 02:59 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 SOV | ر.س0.3319 | ر.س3.74 | -91.14% |
| 1 SOV | ر.س0.6639 | ر.س7.49 | -91.14% |
| 5 SOV | ر.س3.32 | ر.س37.45 | -91.14% |
| 10 SOV | ر.س6.64 | ر.س74.89 | -91.14% |
| 50 SOV | ر.س33.19 | ر.س374.45 | -91.14% |
| 100 SOV | ر.س66.39 | ر.س748.9 | -91.14% |
| 500 SOV | ر.س331.94 | ر.س3,744.51 | -91.14% |
| 1000 SOV | ر.س663.87 | ر.س7,489.02 | -91.14% |
How to convert SOV to SAR
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Verify your identity by entering your personal information and uploading a valid photo ID.
Convert SOV to SAR
Use a variety of payment options to buy Sovryn on Bitget. We'll show you how.
Buy SOV (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading does not currently support direct buying of SOV with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy SOV 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 SOV (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading currently does not support direct selling of SOV to SAR. However, you can first exchange SOV 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 SOV to SAR?
There are many factors that affect the relationship between Sovryn 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 SOV/SAR. When there is positive news in the market about the widespread adoption of SOV or major technological breakthroughs, it tends to trigger market optimism and drive the rise of SOV/SAR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in SOV/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 SOV/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 Sovryn and adjust their investment strategies accordingly in the evolving market.
Sovryn price prediction
What will the price of SOV be in 2026?
Based on SOV's historical price performance prediction model, the price of SOV is projected to reach $0.1854 in 2026.
What will the price of SOV be in 2031?
In 2031, the SOV price is expected to change by +26.00%. By the end of 2031, the SOV price is projected to reach $0.3092, with a cumulative ROI of +74.01%.
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Popular Sovryn Converter
Check out these popular currency conversions of Sovryn to several fiat currencies.
SOV to TWD
1 SOV to NT$ 5.83 TWD
SOV to CNY
1 SOV to ¥ 1.29 CNY
SOV to USD
1 SOV to $ 0.1770 USD
SOV to EUR
1 SOV to € 0.1598 EUR
SOV to CAD
1 SOV to $ 0.2489 CAD
SOV to SAR
1 SOV to ر.س 0.6639 SAR
SOV to KRW
1 SOV to ₩ 253.99 KRW
SOV to JPY
1 SOV to ¥ 25.87 JPY
SOV to GBP
1 SOV to £ 0.1350 GBP
SOV to BRL
1 SOV to R$ 0.9970 BRL
Popular cryptocurrencies to SAR
Explore other cryptocurrencies based on your interest in Sovryn.
DGB to SAR
1 DGB to ر.س 0.03929 SAR
RARE to SAR
1 RARE to ر.س 0.2574 SAR
FUN to SAR
1 FUN to ر.س 0.02185 SAR
BNB to SAR
1 BNB to ر.س 2,224.36 SAR
ACH to SAR
1 ACH to ر.س 0.07802 SAR
ATOM to SAR
1 ATOM to ر.س 17.85 SAR
VOXEL to SAR
1 VOXEL to ر.س 0.1399 SAR
MBOX to SAR
1 MBOX to ر.س 0.2001 SAR
BSW to SAR
1 BSW to ر.س 0.06784 SAR
TIA to SAR
1 TIA to ر.س 10.66 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 Sovryn 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 Sovryn 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 Sovryn 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.
