SMT
SAR
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 Swarm Markets(SMT) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 SMT at a value of 1 SMT for 0.91 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 Swarm Markets currency pair is the SMT to SAR, with for Swarm Markets's currency code being SMT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.
SMT to SAR conversion rate trend
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In the past 1D, Swarm Markets has changed -4.96% to SAR. Based on the trend and price charts, Swarm Markets(SMT) has changed -4.96% to SAR while Saudi Riyal(SAR) has changed % to SMT in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | ر.س0.9414 | 0.0200% / 0.0320%  VIP 7 | |
Gate.io | ر.س0.9317 | 0.1000% / 0.1000% | Yes |
Last updated 2024/12/22 16:00:12(UTC+0)
How to buy Swarm Markets
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 Swarm Markets (SMT)
Use a variety of payment options to buy Swarm Markets on Bitget. We'll show you how.
Buy SMT (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading does not currently support direct buying of SMT with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy SMT 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 SMT (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading currently does not support direct selling of SMT to SAR. However, you can first exchange SMT 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 Swarm Markets to Saudi Riyal?
Swarm Markets to Saudi Riyal is falling this week.Swarm Markets's current market price is ر.س 0.9125 per SMT, with a total market cap of ر.س 76,592,071.87 SAR based on a circulating supply of 83,939,496 SMT. The trading volume of Swarm Markets has changed by -16.61% (ر.س -252,581.18 SAR) in the last 24 hours. Last trading day, SMT's trading volume was ر.س 1,520,867.92.
Market cap
$20.39M
24h volume
$337.71K
Circulating supply
83.94M SMT
Conversion tables
The exchange rate of Swarm Markets is increasing.1 SMT is currently valued at ر.س 0.9125 SAR , which means buying 5 SMT will cost ر.س 4.56 SAR . Similarly, ر.س1 SAR can be traded for 1.1 SMT, and ر.س50 SAR can be converted to 54.8 SMT, excluding any platform or gas fees.
The exchange rate of 1 SMT to Saudi Riyal has changed by -32.61% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.96%, reaching a high of 0.9792 SAR and a low of 0.9077 SAR . One month ago, the value of 1 SMT was ر.س 0.7576 SAR , which represents a +20.44% change from its current value. Over the last year, Swarm Markets has changed by , resulting in a change of -21.11% in its value.
-ر.س
0.2442SARSMT to SAR
Amount
00:01 am today
0.5 SMT
ر.س0.4562
1 SMT
ر.س0.9125
5 SMT
ر.س4.56
10 SMT
ر.س9.12
50 SMT
ر.س45.62
100 SMT
ر.س91.25
500 SMT
ر.س456.23
1000 SMT
ر.س912.47
SAR to SMT
Amount00:01 am today
0.5SAR0.5480 SMT
1SAR1.1 SMT
5SAR5.48 SMT
10SAR10.96 SMT
50SAR54.8 SMT
100SAR109.59 SMT
500SAR547.96 SMT
1000SAR1,095.93 SMT
Today vs. 24 hours ago
| Amount | 00:01 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 SMT | $0.1215 | $0.1278 | -4.96% |
| 1 SMT | $0.2430 | $0.2556 | -4.96% |
| 5 SMT | $1.21 | $1.28 | -4.96% |
| 10 SMT | $2.43 | $2.56 | -4.96% |
| 50 SMT | $12.15 | $12.78 | -4.96% |
| 100 SMT | $24.3 | $25.56 | -4.96% |
| 500 SMT | $121.48 | $127.82 | -4.96% |
| 1000 SMT | $242.97 | $255.64 | -4.96% |
Today vs. 1 month ago
| Amount | 00:01 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 SMT | $0.1215 | $0.1009 | +20.44% |
| 1 SMT | $0.2430 | $0.2017 | +20.44% |
| 5 SMT | $1.21 | $1.01 | +20.44% |
| 10 SMT | $2.43 | $2.02 | +20.44% |
| 50 SMT | $12.15 | $10.09 | +20.44% |
| 100 SMT | $24.3 | $20.17 | +20.44% |
| 500 SMT | $121.48 | $100.87 | +20.44% |
| 1000 SMT | $242.97 | $201.73 | +20.44% |
Today vs. 1 year ago
| Amount | 00:01 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 SMT | $0.1215 | $0.1540 | -21.11% |
| 1 SMT | $0.2430 | $0.3080 | -21.11% |
| 5 SMT | $1.21 | $1.54 | -21.11% |
| 10 SMT | $2.43 | $3.08 | -21.11% |
| 50 SMT | $12.15 | $15.4 | -21.11% |
| 100 SMT | $24.3 | $30.8 | -21.11% |
| 500 SMT | $121.48 | $153.99 | -21.11% |
| 1000 SMT | $242.97 | $307.99 | -21.11% |
Swarm Markets price prediction
What will the price of SMT be in 2025?
Based on SMT's historical price performance prediction model, the price of SMT is projected to reach $0.3394 in 2025.
What will the price of SMT be in 2030?
In 2030, the SMT price is expected to change by +3.00%. By the end of 2030, the SMT price is projected to reach $0.4150, with a cumulative ROI of +62.93%.
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Popular Swarm Markets conversions
Check out these popular currency conversions of Swarm Markets to several fiat currencies.
Swarm Markets to USD
1 SMT to $ 0.2430 USD
Swarm Markets to GBP
1 SMT to £ 0.1934 GBP
Swarm Markets to EUR
1 SMT to € 0.2329 EUR
Swarm Markets to KRW
1 SMT to ₩ 351.39 KRW
Swarm Markets to CAD
1 SMT to $ 0.3491 CAD
Swarm Markets to AUD
1 SMT to $ 0.3883 AUD
Swarm Markets to JPY
1 SMT to ¥ 38.01 JPY
Swarm Markets to BRL
1 SMT to R$ 1.48 BRL
Swarm Markets to CNY
1 SMT to ¥ 1.77 CNY
Swarm Markets to TWD
1 SMT to NT$ 7.93 TWD
Popular cryptocurrencies to SAR
Explore other cryptocurrencies based on your interest in Swarm Markets.
Hive to SAR
1 HIVE to ر.س 1.31 SAR
Peanut the Squirrel to SAR
1 PNUT to ر.س 2.65 SAR
Bitcoin to SAR
1 BTC to ر.س 357,036.81 SAR
BitTorrent [New] to SAR
1 BTT to ر.س 0.{5}4235 SAR
![other assets BitTorrent [New]](https://img.bitgetimg.com/multiLang/coinPriceLogo/c87b5c29752b2123cca40f4dd2c6b6501710522527061.png)
Steem to SAR
1 STEEM to ر.س 0.8313 SAR
Just a chill guy to SAR
1 CHILLGUY to ر.س 0.6973 SAR
FTX Token to SAR
1 FTT to ر.س 11.13 SAR
Livepeer to SAR
1 LPT to ر.س 58.55 SAR
Verge to SAR
1 XVG to ر.س 0.05046 SAR
LUCE to SAR
1 LUCE to ر.س 0.3144 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 Swarm Markets 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 Swarm Markets 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 Swarm Markets 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.
