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base info Raze Network

Raze Network to Saudi Riyal Converter and calculator

Convert 1Raze Network (RAZE) to Saudi Riyal (SAR) equals ر.س 0.004705 | Bitget
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Last updated 2024/12/25 00:13:13 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Raze Network(RAZE) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 RAZE at a value of 1 RAZE 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.

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

RAZE to SAR conversion rate trend

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Live Raze Network (RAZE) price chart
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In the past 1D, Raze Network has changed +5.14% to SAR. Based on the trend and price charts, Raze Network(RAZE) has changed +5.14% to SAR while Saudi Riyal(SAR) has changed -4.89% to RAZE in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
ر.س0.004631
0.0200% / 0.0320%vip-iconVIP 7
Gate.io
ر.س0.004526
0.1000% / 0.1000%
Yes
Last updated 2024/12/24 16:00:14(UTC+0)

How to buy Raze Network

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Buy Raze Network (RAZE)
Use a variety of payment options to buy Raze Network on Bitget. We'll show you how.

Buy RAZE (or USDT) for SAR (Saudi Riyal) offers

Bitget P2P trading does not currently support direct buying of RAZE with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy RAZE with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
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Sell RAZE (or USDT) for SAR (Saudi Riyal) offers

Bitget P2P trading currently does not support direct selling of RAZE to SAR. However, you can first exchange RAZE for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of Raze Network to Saudi Riyal?

Raze Network to Saudi Riyal is rising this week.
Raze Network's current market price is ر.س 0.004705 per RAZE, with a total market cap of ر.س 558,478.64 SAR based on a circulating supply of 118,690,910 RAZE. The trading volume of Raze Network has changed by +0.46% (ر.س 263.01 SAR) in the last 24 hours. Last trading day, RAZE's trading volume was ر.س 57,805.47.
Market cap
$148.80K
24h volume
$15.47K
Circulating supply
118.69M RAZE

Conversion tables

The exchange rate of Raze Network is increasing.
1 RAZE is currently valued at ر.س 0.004705 SAR , which means buying 5 RAZE will cost ر.س 0.02353 SAR . Similarly, ر.س1 SAR can be traded for 212.53 RAZE, and ر.س50 SAR can be converted to 10,626.27 RAZE, excluding any platform or gas fees.
The exchange rate of 1 RAZE to Saudi Riyal has changed by +21.00% in the last 7 days. In the last 24 hours, the rate has fluctuated by +5.14%, reaching a high of 0.004772 SAR and a low of 0.004282 SAR . One month ago, the value of 1 RAZE was ر.س 0.003596 SAR , which represents a +30.74% change from its current value. Over the last year, Raze Network has changed by
-ر.س
0.01502SAR
, resulting in a change of -76.10% in its value.

RAZE to SAR

Amount
00:13 am today
0.5 RAZE
ر.س0.002353
1 RAZE
ر.س0.004705
5 RAZE
ر.س0.02353
10 RAZE
ر.س0.04705
50 RAZE
ر.س0.2353
100 RAZE
ر.س0.4705
500 RAZE
ر.س2.35
1000 RAZE
ر.س4.71

SAR to RAZE

Amount00:13 am today
0.5SAR106.26  RAZE
1SAR212.53  RAZE
5SAR1,062.63  RAZE
10SAR2,125.25  RAZE
50SAR10,626.27  RAZE
100SAR21,252.54  RAZE
500SAR106,262.71  RAZE
1000SAR212,525.41  RAZE

Today vs. 24 hours ago

Amount00:13 am today24 hours ago24h change
0.5 RAZE$0.0006268$0.0005961
+5.14%
1 RAZE$0.001254$0.001192
+5.14%
5 RAZE$0.006268$0.005961
+5.14%
10 RAZE$0.01254$0.01192
+5.14%
50 RAZE$0.06268$0.05961
+5.14%
100 RAZE$0.1254$0.1192
+5.14%
500 RAZE$0.6268$0.5961
+5.14%
1000 RAZE$1.25$1.19
+5.14%

Today vs. 1 month ago

Amount00:13 am today1 month ago1M change
0.5 RAZE$0.0006268$0.0004790
+30.74%
1 RAZE$0.001254$0.0009580
+30.74%
5 RAZE$0.006268$0.004790
+30.74%
10 RAZE$0.01254$0.009580
+30.74%
50 RAZE$0.06268$0.04790
+30.74%
100 RAZE$0.1254$0.09580
+30.74%
500 RAZE$0.6268$0.4790
+30.74%
1000 RAZE$1.25$0.9580
+30.74%

Today vs. 1 year ago

Amount00:13 am today1 year ago1Y change
0.5 RAZE$0.0006268$0.002628
-76.10%
1 RAZE$0.001254$0.005256
-76.10%
5 RAZE$0.006268$0.02628
-76.10%
10 RAZE$0.01254$0.05256
-76.10%
50 RAZE$0.06268$0.2628
-76.10%
100 RAZE$0.1254$0.5256
-76.10%
500 RAZE$0.6268$2.63
-76.10%
1000 RAZE$1.25$5.26
-76.10%

Raze Network price prediction

What will the price of RAZE be in 2025?

Based on RAZE's historical price performance prediction model, the price of RAZE is projected to reach $0.001485 in 2025.

What will the price of RAZE be in 2030?

In 2030, the RAZE price is expected to change by -18.00%. By the end of 2030, the RAZE price is projected to reach $0.001964, with a cumulative ROI of +108.86%.

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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.