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.
WTC to SAR conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | ر.س0.1271 | 0.0200% / 0.0320%VIP 7 | |
Binance | ر.س0.03867 | 0.1000% / 0.1000% | Yes |
Huobi | ر.س0.01764 | 0.1000% / 0.1000% | Yes |
How to buy Waltonchain
Buy WTC (or USDT) for SAR (Saudi Riyal) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
B BIT ATM 235 trades|Completion rate 98.00% | 4.1 SAR | Amount250 USDT Limit125 - 1025 SAR | ||
C CRYPTO_QUICK 24 109 trades|Completion rate 97.00% | 4.13 SAR | Amount23.2 USDT Limit50 - 95 SAR | ||
F Fast Exchanger 5 trades|Completion rate 83.00% | 4.13 SAR | Amount160.53 USDT Limit50 - 250 SAR | ||
H Hussain-77 57 trades|Completion rate 95.00% | 4.13 SAR | Amount114.84 USDT Limit20.5 - 978.27 SAR | ||
T The fastest 12 trades|Completion rate 100.00% | 4.14 SAR | Amount554.17 USDT Limit419 - 8276 SAR |
Sell WTC (or USDT) for SAR (Saudi Riyal) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
m mdrajaul 1 trades|Completion rate 9.00% | 4.2 SAR | Amount15000 USDT Limit40000 - 50000 SAR | ||
P Passenger 26 trades|Completion rate 96.00% | 4 SAR | Amount20000 USDT Limit10000 - 60000 SAR | ||
R Riseup7 50 trades|Completion rate 96.00% | 3.96 SAR | Amount1000 USDT Limit1000 - 3300 SAR | ||
M Muhammad Husnain 786 22 trades|Completion rate 88.00% | 3.95 SAR | Amount232 USDT Limit500 - 916.4 SAR | ||
C CRYPTO_QUICK 24 109 trades|Completion rate 97.00% | 3.91 SAR | Amount230 USDT Limit100 - 800 SAR |
What factors influence the conversion rate of Waltonchain to Saudi Riyal?
Waltonchain to Saudi Riyal is rising this week.Conversion tables
The exchange rate of Waltonchain is decreasing.WTC to SAR
SAR to WTC
Today vs. 24 hours ago
Amount | 18:56 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 WTC | $0.01693 | $0.01693 | 0.00% |
1 WTC | $0.03386 | $0.03386 | 0.00% |
5 WTC | $0.1693 | $0.1693 | 0.00% |
10 WTC | $0.3386 | $0.3386 | 0.00% |
50 WTC | $1.69 | $1.69 | 0.00% |
100 WTC | $3.39 | $3.39 | 0.00% |
500 WTC | $16.93 | $16.93 | 0.00% |
1000 WTC | $33.86 | $33.86 | 0.00% |
Today vs. 1 month ago
Amount | 18:56 today | 1 month ago | 1M change |
---|---|---|---|
0.5 WTC | $0.01693 | $0.01861 | -9.04% |
1 WTC | $0.03386 | $0.03723 | -9.04% |
5 WTC | $0.1693 | $0.1861 | -9.04% |
10 WTC | $0.3386 | $0.3723 | -9.04% |
50 WTC | $1.69 | $1.86 | -9.04% |
100 WTC | $3.39 | $3.72 | -9.04% |
500 WTC | $16.93 | $18.61 | -9.04% |
1000 WTC | $33.86 | $37.23 | -9.04% |
Today vs. 1 year ago
Amount | 18:56 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 WTC | $0.01693 | $0.006586 | +157.09% |
1 WTC | $0.03386 | $0.01317 | +157.09% |
5 WTC | $0.1693 | $0.06586 | +157.09% |
10 WTC | $0.3386 | $0.1317 | +157.09% |
50 WTC | $1.69 | $0.6586 | +157.09% |
100 WTC | $3.39 | $1.32 | +157.09% |
500 WTC | $16.93 | $6.59 | +157.09% |
1000 WTC | $33.86 | $13.17 | +157.09% |
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Buy Waltonchain for 1 SAR
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