MAG
OMR
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 Magnum Trading(MAG) to Omani Rial(OMR). This is the real-time data. The current conversion shows 1 MAG at a value of 1 MAG for 0.02 OMR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
OMR information
About Omani Rial (OMR)
The Omani Rial (OMR), introduced in 1973, is not only Oman's official currency but also a symbol of the nation's economic strength and cultural heritage. It is commonly abbreviated as OMR and represented by the symbol ر.ع. The Rial's introduction marked Oman's transition from the Indian Rupee and the Maria Theresa Thaler, symbolizing a new era of economic self-determination and modernization under Sultan Qaboos bin Said.
Historical Background
The adoption of the Omani Rial was a key step in Oman's post-colonial journey, reflecting the nation's aspiration to forge an independent economic identity. Replacing the Gulf Rupee, the Rial represented Oman's newfound economic independence and was instrumental in aligning its economy with international standards.
Design and Symbolism
The design of the Omani Rial is a celebration of Oman’s rich history and cultural heritage. Banknotes feature images of Sultan Qaboos, traditional Omani architecture, natural landmarks, and historical sites. These designs serve not only as a medium for financial transactions but also as reminders of Oman's heritage and the modern achievements under Sultan Qaboos’s reign.
Economic Role
The Omani Rial plays a crucial role in the nation’s economy, characterized by its substantial oil and gas reserves. As the primary currency, it underpins the oil sector, which is pivotal to Oman's economy, facilitating trade and investment and is vital for the country’s fiscal stability.
Monetary Policy and Stability
Managed by the Central Bank of Oman, the Rial is one of the highest-valued currencies in the world, reflecting Oman's economic stability and substantial hydrocarbon resources. The bank’s policies focus on maintaining the currency's value and stability, crucial for fostering a climate conducive to economic growth and investor confidence.
International Trade and the Omani Rial
The value of the Rial is significant in international trade, particularly for Oman's oil and gas exports. A stable and strong Rial is essential for maintaining competitive prices in the global market and attracting foreign investment in various sectors.
Remittances and the Economy
Remittances from Omanis working abroad and expatriates residing in Oman contribute to the country’s foreign exchange reserves. These inflows, exchanged into Rials, support the currency's stability and contribute to the national economy.
Bitget crypto-to-fiat exchange data shows that the most popular Magnum Trading currency pair is the MAG to OMR, with for Magnum Trading's currency code being MAG. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for OMR.
MAG to OMR conversion rate trend
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In the past 1D, Magnum Trading has changed +0.25% to OMR. Based on the trend and price charts, Magnum Trading(MAG) has changed +0.25% to OMR while Omani Rial(OMR) has changed % to MAG in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | ر.ع.0.02036 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/12/28 08:35:43(UTC+0)
How to buy Magnum Trading
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 Magnum Trading (MAG)
Use a variety of payment options to buy Magnum Trading on Bitget. We'll show you how.
Buy MAG (or USDT) for OMR (Omani Rial) offers
Bitget P2P trading does not currently support direct buying of MAG with OMR. However, you can buy USDT in Bitget P2P trading first, and then buy MAG 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 MAG (or USDT) for OMR (Omani Rial) offers
Bitget P2P trading currently does not support direct selling of MAG to OMR. However, you can first exchange MAG 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 Magnum Trading to Omani Rial?
Magnum Trading to Omani Rial is falling this week.Magnum Trading's current market price is ر.ع. 0.02036 per MAG, with a total market cap of ر.ع. 0 OMR based on a circulating supply of -- MAG. The trading volume of Magnum Trading has changed by 0.00% (ر.ع. 0 OMR) in the last 24 hours. Last trading day, MAG's trading volume was ر.ع. 0.
Market cap
$0
24h volume
$0
Circulating supply
0 MAG
Conversion tables
The exchange rate of Magnum Trading is decreasing.1 MAG is currently valued at ر.ع. 0.02036 OMR , which means buying 5 MAG will cost ر.ع. 0.1018 OMR . Similarly, ر.ع.1 OMR can be traded for 49.12 MAG, and ر.ع.50 OMR can be converted to 2,455.91 MAG, excluding any platform or gas fees.
The exchange rate of 1 MAG to Omani Rial has changed by -10.62% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.25%, reaching a high of 0.02036 OMR and a low of 0.02031 OMR . One month ago, the value of 1 MAG was ر.ع. 0.03218 OMR , which represents a -36.73% change from its current value. Over the last year, Magnum Trading has changed by , resulting in a change of -91.78% in its value.
-ر.ع.
0.2272OMRMAG to OMR
Amount
08:50 am today
0.5 MAG
ر.ع.0.01018
1 MAG
ر.ع.0.02036
5 MAG
ر.ع.0.1018
10 MAG
ر.ع.0.2036
50 MAG
ر.ع.1.02
100 MAG
ر.ع.2.04
500 MAG
ر.ع.10.18
1000 MAG
ر.ع.20.36
OMR to MAG
Amount08:50 am today
0.5OMR24.56 MAG
1OMR49.12 MAG
5OMR245.59 MAG
10OMR491.18 MAG
50OMR2,455.91 MAG
100OMR4,911.82 MAG
500OMR24,559.11 MAG
1000OMR49,118.22 MAG
Today vs. 24 hours ago
| Amount | 08:50 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 MAG | $0.02646 | $0.02640 | +0.25% |
| 1 MAG | $0.05292 | $0.05279 | +0.25% |
| 5 MAG | $0.2646 | $0.2640 | +0.25% |
| 10 MAG | $0.5292 | $0.5279 | +0.25% |
| 50 MAG | $2.65 | $2.64 | +0.25% |
| 100 MAG | $5.29 | $5.28 | +0.25% |
| 500 MAG | $26.46 | $26.4 | +0.25% |
| 1000 MAG | $52.92 | $52.79 | +0.25% |
Today vs. 1 month ago
| Amount | 08:50 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 MAG | $0.02646 | $0.04183 | -36.73% |
| 1 MAG | $0.05292 | $0.08365 | -36.73% |
| 5 MAG | $0.2646 | $0.4183 | -36.73% |
| 10 MAG | $0.5292 | $0.8365 | -36.73% |
| 50 MAG | $2.65 | $4.18 | -36.73% |
| 100 MAG | $5.29 | $8.37 | -36.73% |
| 500 MAG | $26.46 | $41.83 | -36.73% |
| 1000 MAG | $52.92 | $83.65 | -36.73% |
Today vs. 1 year ago
| Amount | 08:50 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 MAG | $0.02646 | $0.3218 | -91.78% |
| 1 MAG | $0.05292 | $0.6436 | -91.78% |
| 5 MAG | $0.2646 | $3.22 | -91.78% |
| 10 MAG | $0.5292 | $6.44 | -91.78% |
| 50 MAG | $2.65 | $32.18 | -91.78% |
| 100 MAG | $5.29 | $64.36 | -91.78% |
| 500 MAG | $26.46 | $321.82 | -91.78% |
| 1000 MAG | $52.92 | $643.64 | -91.78% |
Magnum Trading price prediction
What will the price of MAG be in 2025?
Based on MAG's historical price performance prediction model, the price of MAG is projected to reach $0.1416 in 2025.
What will the price of MAG be in 2030?
In 2030, the MAG price is expected to change by -16.00%. By the end of 2030, the MAG price is projected to reach $0.2619, with a cumulative ROI of +394.81%.
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Popular Magnum Trading conversions
Check out these popular currency conversions of Magnum Trading to several fiat currencies.
Magnum Trading to USD
1 MAG to $ 0.05292 USD
Magnum Trading to GBP
1 MAG to £ 0.04209 GBP
Magnum Trading to EUR
1 MAG to € 0.05076 EUR
Magnum Trading to KRW
1 MAG to ₩ 78 KRW
Magnum Trading to CAD
1 MAG to $ 0.07631 CAD
Magnum Trading to AUD
1 MAG to $ 0.08520 AUD
Magnum Trading to JPY
1 MAG to ¥ 8.35 JPY
Magnum Trading to BRL
1 MAG to R$ 0.3279 BRL
Magnum Trading to CNY
1 MAG to ¥ 0.3864 CNY
Magnum Trading to TWD
1 MAG to NT$ 1.74 TWD
Popular cryptocurrencies to OMR
Explore other cryptocurrencies based on your interest in Magnum Trading.
Phala Network to OMR
1 PHA to ر.ع. 0.1880 OMR
Virtuals Protocol to OMR
1 VIRTUAL to ر.ع. 1.32 OMR
Bitcoin to OMR
1 BTC to ر.ع. 36,284.33 OMR
Origin Protocol to OMR
1 OGN to ر.ع. 0.05724 OMR
Marlin to OMR
1 POND to ر.ع. 0.01097 OMR
Acala Token to OMR
1 ACA to ر.ع. 0.04029 OMR
Steem to OMR
1 STEEM to ر.ع. 0.1073 OMR
GMT to OMR
1 GMT to ر.ع. 0.09076 OMR
Ethereum to OMR
1 ETH to ر.ع. 1,283.93 OMR
Powerledger to OMR
1 POWR to ر.ع. 0.1085 OMR
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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 Magnum Trading and OMR.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Magnum Trading and OMR. 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 Magnum Trading in OMR, 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.
