1MDC
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 1MDC(1MDC) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 1MDC at a value of 1 1MDC 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.
Bitget crypto-to-fiat exchange data shows that the most popular 1MDC currency pair is the 1MDC to SAR, with for 1MDC's currency code being 1MDC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.
1MDC to SAR conversion rate trend
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In the past 1D, 1MDC has changed -4.38% to SAR. Based on the trend and price charts, 1MDC(1MDC) has changed -4.38% to SAR while Saudi Riyal(SAR) has changed % to 1MDC in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | ر.س0.{8}5087 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/12/27 08:35:38(UTC+0)
How to buy 1MDC
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Buy 1MDC (1MDC)
Use a variety of payment options to buy 1MDC on Bitget. We'll show you how.
Buy 1MDC (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading does not currently support direct buying of 1MDC with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy 1MDC 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 1MDC (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading currently does not support direct selling of 1MDC to SAR. However, you can first exchange 1MDC 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 1MDC to Saudi Riyal?
1MDC to Saudi Riyal is falling this week.1MDC's current market price is ر.س 0.{8}5087 per 1MDC, with a total market cap of ر.س 0 SAR based on a circulating supply of -- 1MDC. The trading volume of 1MDC has changed by -100.00% (ر.س -- SAR) in the last 24 hours. Last trading day, 1MDC's trading volume was ر.س --.
Market cap
$0
24h volume
$0
Circulating supply
0 1MDC
Conversion tables
The exchange rate of 1MDC is decreasing.1 1MDC is currently valued at ر.س 0.{8}5087 SAR , which means buying 5 1MDC will cost ر.س 0.{7}2544 SAR . Similarly, ر.س1 SAR can be traded for 196,568,746.43 1MDC, and ر.س50 SAR can be converted to 9,828,437,321.43 1MDC, excluding any platform or gas fees.
The exchange rate of 1 1MDC to Saudi Riyal has changed by -37.21% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.38%, reaching a high of 0.{8}6767 SAR and a low of 0.{8}6240 SAR . One month ago, the value of 1 1MDC was ر.س 0.{7}2144 SAR , which represents a -71.65% change from its current value. Over the last year, 1MDC has changed by , resulting in a change of 0.00% in its value.
+ر.س
0.{8}2715SAR1MDC to SAR
Amount
11:49 am today
0.5 1MDC
ر.س0.{8}2544
1 1MDC
ر.س0.{8}5087
5 1MDC
ر.س0.{7}2544
10 1MDC
ر.س0.{7}5087
50 1MDC
ر.س0.{6}2544
100 1MDC
ر.س0.{6}5087
500 1MDC
ر.س0.{5}2544
1000 1MDC
ر.س0.{5}5087
SAR to 1MDC
Amount11:49 am today
0.5SAR98,284,373.21 1MDC
1SAR196,568,746.43 1MDC
5SAR982,843,732.14 1MDC
10SAR1,965,687,464.29 1MDC
50SAR9,828,437,321.43 1MDC
100SAR19,656,874,642.86 1MDC
500SAR98,284,373,214.31 1MDC
1000SAR196,568,746,428.62 1MDC
Today vs. 24 hours ago
| Amount | 11:49 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 1MDC | $0.{9}6774 | $0.{9}7168 | -4.38% |
| 1 1MDC | $0.{8}1355 | $0.{8}1434 | -4.38% |
| 5 1MDC | $0.{8}6774 | $0.{8}7168 | -4.38% |
| 10 1MDC | $0.{7}1355 | $0.{7}1434 | -4.38% |
| 50 1MDC | $0.{7}6774 | $0.{7}7168 | -4.38% |
| 100 1MDC | $0.{6}1355 | $0.{6}1434 | -4.38% |
| 500 1MDC | $0.{6}6774 | $0.{6}7168 | -4.38% |
| 1000 1MDC | $0.{5}1355 | $0.{5}1434 | -4.38% |
Today vs. 1 month ago
| Amount | 11:49 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 1MDC | $0.{9}6774 | $0.{8}2854 | -71.65% |
| 1 1MDC | $0.{8}1355 | $0.{8}5709 | -71.65% |
| 5 1MDC | $0.{8}6774 | $0.{7}2854 | -71.65% |
| 10 1MDC | $0.{7}1355 | $0.{7}5709 | -71.65% |
| 50 1MDC | $0.{7}6774 | $0.{6}2854 | -71.65% |
| 100 1MDC | $0.{6}1355 | $0.{6}5709 | -71.65% |
| 500 1MDC | $0.{6}6774 | $0.{5}2854 | -71.65% |
| 1000 1MDC | $0.{5}1355 | $0.{5}5709 | -71.65% |
Today vs. 1 year ago
| Amount | 11:49 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 1MDC | $0.{9}6774 | $-0.{9}1842 | 0.00% |
| 1 1MDC | $0.{8}1355 | $-0.{9}3683 | 0.00% |
| 5 1MDC | $0.{8}6774 | $-0.{8}1842 | 0.00% |
| 10 1MDC | $0.{7}1355 | $-0.{8}3683 | 0.00% |
| 50 1MDC | $0.{7}6774 | $-0.{7}1842 | 0.00% |
| 100 1MDC | $0.{6}1355 | $-0.{7}3683 | 0.00% |
| 500 1MDC | $0.{6}6774 | $-0.{6}1842 | 0.00% |
| 1000 1MDC | $0.{5}1355 | $-0.{6}3683 | 0.00% |
1MDC price prediction
What will the price of 1MDC be in 2025?
Based on 1MDC's historical price performance prediction model, the price of 1MDC is projected to reach $0.{8}9805 in 2025.
What will the price of 1MDC be in 2030?
In 2030, the 1MDC price is expected to change by -10.00%. By the end of 2030, the 1MDC price is projected to reach $0.{8}9678, with a cumulative ROI of +461.66%.
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Popular 1MDC conversions
Check out these popular currency conversions of 1MDC to several fiat currencies.
1MDC to USD
1 1MDC to $ 0.{8}1355 USD
1MDC to GBP
1 1MDC to £ 0.{8}1083 GBP
1MDC to EUR
1 1MDC to € 0.{8}1301 EUR
1MDC to KRW
1 1MDC to ₩ 0.{5}1999 KRW
1MDC to CAD
1 1MDC to $ 0.{8}1952 CAD
1MDC to AUD
1 1MDC to $ 0.{8}2183 AUD
1MDC to JPY
1 1MDC to ¥ 0.{6}2138 JPY
1MDC to BRL
1 1MDC to R$ 0.{8}8380 BRL
1MDC to CNY
1 1MDC to ¥ 0.{8}9893 CNY
1MDC to TWD
1 1MDC to NT$ 0.{7}4451 TWD
Popular cryptocurrencies to SAR
Explore other cryptocurrencies based on your interest in 1MDC.
Bitcoin to SAR
1 BTC to ر.س 362,023.44 SAR
Ethereum to SAR
1 ETH to ر.س 12,775.74 SAR
GMT to SAR
1 GMT to ر.س 0.7219 SAR
XRP to SAR
1 XRP to ر.س 8.24 SAR
THENA to SAR
1 THE to ر.س 5.7 SAR
TRON to SAR
1 TRX to ر.س 0.9860 SAR
BNB to SAR
1 BNB to ر.س 2,642.25 SAR
Uniswap to SAR
1 UNI to ر.س 52.47 SAR
Ethereum Name Service to SAR
1 ENS to ر.س 130.98 SAR
FLOKI to SAR
1 FLOKI to ر.س 0.0006718 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 1MDC 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 1MDC 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 1MDC 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.
