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$SPONGE to QAR Converter and calculator

$SPONGE/QAR: 1 $SPONGE = 0.001246 QAR. The price of converting 1 Sponge ($SPONGE) to Qatari Rial (QAR) is 0.001246 QAR today.
$SPONGE
$SPONGE
QAR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides $SPONGE to QAR real-time exchange rates, making it easy to convert Sponge ($SPONGE) to Qatari Rial (QAR). The conversion result is based on real-time data. The conversion result shows that 1 $SPONGE is currently valued at 0.00 QAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 $SPONGE is currently valued at 0.00 QAR, which means buying 5 $SPONGE would cost 0.01 QAR. Similarly, ر.ق1 QAR can be converted to 802.7 $SPONGE, and ر.ق50 QAR can be converted to 4,013.48 $SPONGE, excluding any platform or gas fees.

Convert $SPONGE to QAR

Convert QAR to $SPONGE

Sponge
Qatari Rial
1 $SPONGE
0.001246  QAR
2 $SPONGE
0.002492  QAR
5 $SPONGE
0.006229  QAR
10 $SPONGE
0.01246  QAR
20 $SPONGE
0.02492  QAR
50 $SPONGE
0.06229  QAR
100 $SPONGE
0.1246  QAR
200 $SPONGE
0.2492  QAR
500 $SPONGE
0.6229  QAR
1000 $SPONGE
1.25  QAR
5000 $SPONGE
6.23  QAR
10000 $SPONGE
12.46  QAR
In the table above, you'll find a comprehensive $SPONGE to QAR converter that shows the value of Sponge in Qatari Rial across commonly used conversion amounts. The list covers conversions from 1 $SPONGE to QAR, all the way up to 10000 $SPONGE, providing a clear view of their respective values.
Qatari Rial
Sponge
10 QAR
8,026.96 $SPONGE
50 QAR
40,134.78 $SPONGE
100 QAR
80,269.57 $SPONGE
200 QAR
160,539.14 $SPONGE
500 QAR
401,347.85 $SPONGE
1000 QAR
802,695.7 $SPONGE
2000 QAR
1,605,391.39 $SPONGE
5000 QAR
4,013,478.48 $SPONGE
10000 QAR
8,026,956.96 $SPONGE
50000 QAR
40,134,784.79 $SPONGE
100000 QAR
80,269,569.58 $SPONGE
In the table above, you'll find a comprehensive QAR to $SPONGE converter that shows the value of Qatari Rial in Sponge across commonly used conversion amounts. The list covers conversions from 1 QAR to $SPONGE, all the way up to 100000 QAR, providing a clear view of their respective values.

$SPONGE to QAR chart

$SPONGE/QAR: 1 $SPONGE = 0.001246 QAR; 2025/04/29 22:34:30
In the past 1D, Sponge has changed +0.89% to QAR. Based on the trend and price charts, Sponge($SPONGE) has changed +0.89% to QAR while Qatari Rial(QAR) has changed % to $SPONGE in the last 24 hours.
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$SPONGE to QAR conversion data: Volatility and price changes of Sponge in QAR

The highest Sponge price in QAR over the past 7 days was 0.001282 QAR while the lowest Sponge price in QAR over the past 7 days was 0.001187 QAR. The relative change between the highs and lows in Sponge price in QAR over the last 7 days indicates a volatility of %. You can view additional volatility data and $SPONGE to QAR 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
0.001297 QAR
0.001282 QAR
0.001310 QAR
0.001327 QAR
Low
0.001235 QAR
0.001187 QAR
0.001165 QAR
0.001103 QAR
Average
0 QAR
0 QAR
0 QAR
0 QAR
Volatility
%
%
%
%
Change
+0.89%
+1.80%
+2.12%
-1.97%

Sponge information

$SPONGE to QAR market statistics

$SPONGE/QAR:
ر.ق0.001246
$SPONGE 24h volume:
ر.ق327,839.22
$SPONGE market cap:
--
$SPONGE circulating supply:
0 $SPONGE

Current $SPONGE to QAR exchange rate

Sponge to Qatari Rial is rising this week.
Sponge's current market price is ر.ق0.001246 per $SPONGE, with a total market cap of ر.ق0 QAR based on a circulating supply of -- $SPONGE. The trading volume of Sponge has changed by -3.93% (ر.ق-13,402.97 QAR) in the last 24 hours. Last trading day, $SPONGE's trading volume was ر.ق341,242.19.

More info about Sponge on Bitget

Qatari Rial information

About Qatari Rial (QAR)

The Qatari Rial (QAR), introduced in 1973, is more than just the official currency of Qatar; it is a testament to the nation's economic growth, wealth, and cultural heritage. It is commonly abbreviated as QAR and represented by the symbol ر.ق. Emerging after Qatar gained independence from the British, the Rial replaced the Qatar and Dubai Riyal and marked a new chapter in the country's burgeoning financial landscape.

Historical Background

The introduction of the Qatari Rial was a crucial step in Qatar's journey towards economic self-sufficiency and sovereignty. The currency's establishment coincided with the rapid development of Qatar's oil and gas sectors, propelling the nation into economic prominence. The Rial symbolized not only a new monetary system but also Qatar's emergence as a significant player in the global economy.

Design and Symbolism

The design of the Qatari Rial is a reflection of Qatar's rich history and cultural identity. Banknotes feature imagery of the Qatari flag, traditional dhow boats, and prominent landmarks like the Museum of Islamic Art. These designs serve not only as a medium for financial transactions but also as symbols of Qatar's blend of tradition and modernity, showcasing its journey from a pearling economy to a global energy powerhouse.

Economic Role

The Qatari Rial plays a central role in the nation’s economy, underpinned by one of the world’s largest reserves of oil and natural gas. The currency is instrumental in facilitating trade, both domestically and internationally, and supports various sectors including finance, construction, and a growing service industry.

Monetary Policy and Stability

Managed by the Qatar Central Bank, the Rial is pegged to the US Dollar, reflecting the economic relationship between Qatar and the United States, particularly in the oil sector. This peg provides stability to the Rial, crucial in an economy heavily reliant on hydrocarbon exports, and helps to manage inflation.

International Trade and the Qatari Rial

The stability of the Qatari Rial is vital in international trade, particularly for Qatar's exports of liquefied natural gas (LNG) and petroleum products. A stable Rial is essential for maintaining competitive pricing in global markets and for attracting foreign investment in various sectors.

Bitget crypto-to-fiat exchange data shows that the most popular Sponge currency pair is the $SPONGE to QAR, with for Sponge's currency code being $SPONGE. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for QAR.

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How to convert $SPONGE to QAR

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$SPONGE to QAR Conversion tables

The exchange rate of Sponge is increasing.
The exchange rate of 1 $SPONGE to Qatari Rial has changed by +1.80% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.89%, reaching a high of 0.001297 QAR and a low of 0.001235 QAR . One month ago, the value of 1 $SPONGE was ر.ق0.001220 QAR , which represents a +2.12% change from its current value. Over the last year, Sponge has changed by
+ر.ق
0.001005QAR
, resulting in a change of +412.18% in its value.
24 hours ago1 month ago1 year ago
Amount22:34 today24 hours ago24h change
0.5 $SPONGEر.ق0.0006229ر.ق0.0006174
+0.89%
1 $SPONGEر.ق0.001246ر.ق0.001235
+0.89%
5 $SPONGEر.ق0.006229ر.ق0.006174
+0.89%
10 $SPONGEر.ق0.01246ر.ق0.01235
+0.89%
50 $SPONGEر.ق0.06229ر.ق0.06174
+0.89%
100 $SPONGEر.ق0.1246ر.ق0.1235
+0.89%
500 $SPONGEر.ق0.6229ر.ق0.6174
+0.89%
1000 $SPONGEر.ق1.25ر.ق1.23
+0.89%

$SPONGE to QAR FAQ

How much is 1 Sponge in QAR?
Right now, the price of 1 Sponge ($SPONGE) in Qatari Rial (QAR) is ر.ق0.001246.
How much $SPONGE can I buy for 1 QAR?
Based on the current exchange rate, you can get 802.7 $SPONGE for 1 QAR.
How do I calculate or convert $SPONGE to QAR?
You can use our $SPONGE to QAR calculator at the top of this page to convert any amount of $SPONGE to QAR. We've also included quick-reference tables for the most popular conversions. For example, 5 QAR is equivalent to 4,013.48 $SPONGE, while 5 $SPONGE will cost around 0.006229QAR.
What is the highest price of $SPONGE/QAR in history?
The all-time high price of 1 $SPONGE in QAR is ر.ق0.008717. It remains to be seen if the value of 1 $SPONGE/QAR will exceed the current all-time high.
What is the price trend of Sponge in QAR?
Over the past 7 days, the exchange rate of Sponge ($SPONGE) has gone up by 1.80%.   Over the last month, the exchange rate of Sponge ($SPONGE) has gone up by 2.12% against Qatari Rial (QAR).

What factors influence the conversion rate of $SPONGE to QAR?

There are many factors that affect the relationship between Sponge and Qatari Rial, 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 $SPONGE/QAR. When there is positive news in the market about the widespread adoption of $SPONGE or major technological breakthroughs, it tends to trigger market optimism and drive the rise of $SPONGE/QAR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in $SPONGE/QAR.
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 $SPONGE/QAR. 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 Sponge and adjust their investment strategies accordingly in the evolving market.

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