NIM
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 Nimiq(NIM) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 NIM at a value of 1 NIM for 0.01 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 Nimiq currency pair is the NIM to SAR, with for Nimiq's currency code being NIM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.
NIM to SAR conversion rate trend
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In the past 1D, Nimiq has changed -3.56% to SAR. Based on the trend and price charts, Nimiq(NIM) has changed -3.56% to SAR while Saudi Riyal(SAR) has changed % to NIM in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | ر.س0.005301 | 0.0200% / 0.0320%  VIP 7 | |
Gate.io | ر.س0.005313 | 0.1000% / 0.1000% | Yes |
KuCoin | ر.س0.005317 | 0.1000% / 0.1000% | Yes |
Last updated 2024/11/01 00:00:26(UTC+0)
How to buy Nimiq
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 Nimiq (NIM)
Use a variety of payment options to buy Nimiq on Bitget. We'll show you how.
Buy NIM (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading does not currently support direct buying of NIM with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy NIM 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 NIM (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading currently does not support direct selling of NIM to SAR. However, you can first exchange NIM 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 Nimiq to Saudi Riyal?
Nimiq to Saudi Riyal is rising this week.Nimiq's current market price is ر.س 0.005256 per NIM, with a total market cap of ر.س 65,758,344.61 SAR based on a circulating supply of 12,511,030,000 NIM. The trading volume of Nimiq has changed by -10.53% (ر.س -25,744.17 SAR) in the last 24 hours. Last trading day, NIM's trading volume was ر.س 244,600.22.
Market cap
$17.51M
24h volume
$58.27K
Circulating supply
12.51B NIM
Conversion tables
The exchange rate of Nimiq is increasing.1 NIM is currently valued at ر.س 0.005256 SAR , which means buying 5 NIM will cost ر.س 0.02628 SAR . Similarly, ر.س1 SAR can be traded for 190.26 NIM, and ر.س50 SAR can be converted to 9,512.88 NIM, excluding any platform or gas fees.
The exchange rate of 1 NIM to Saudi Riyal has changed by +6.52% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.56%, reaching a high of 0.005443 SAR and a low of 0.005202 SAR . One month ago, the value of 1 NIM was ر.س 0.004180 SAR , which represents a +25.73% change from its current value. Over the last year, Nimiq has changed by , resulting in a change of +54.80% in its value.
+ر.س
0.001861SARNIM to SAR
Amount
05:33 am today
0.5 NIM
ر.س0.002628
1 NIM
ر.س0.005256
5 NIM
ر.س0.02628
10 NIM
ر.س0.05256
50 NIM
ر.س0.2628
100 NIM
ر.س0.5256
500 NIM
ر.س2.63
1000 NIM
ر.س5.26
SAR to NIM
Amount05:33 am today
0.5SAR95.13 NIM
1SAR190.26 NIM
5SAR951.29 NIM
10SAR1,902.58 NIM
50SAR9,512.88 NIM
100SAR19,025.77 NIM
500SAR95,128.84 NIM
1000SAR190,257.68 NIM
Today vs. 24 hours ago
| Amount | 05:33 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 NIM | $0.0006997 | $0.0007256 | -3.56% |
| 1 NIM | $0.001399 | $0.001451 | -3.56% |
| 5 NIM | $0.006997 | $0.007256 | -3.56% |
| 10 NIM | $0.01399 | $0.01451 | -3.56% |
| 50 NIM | $0.06997 | $0.07256 | -3.56% |
| 100 NIM | $0.1399 | $0.1451 | -3.56% |
| 500 NIM | $0.6997 | $0.7256 | -3.56% |
| 1000 NIM | $1.4 | $1.45 | -3.56% |
Today vs. 1 month ago
| Amount | 05:33 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 NIM | $0.0006997 | $0.0005565 | +25.73% |
| 1 NIM | $0.001399 | $0.001113 | +25.73% |
| 5 NIM | $0.006997 | $0.005565 | +25.73% |
| 10 NIM | $0.01399 | $0.01113 | +25.73% |
| 50 NIM | $0.06997 | $0.05565 | +25.73% |
| 100 NIM | $0.1399 | $0.1113 | +25.73% |
| 500 NIM | $0.6997 | $0.5565 | +25.73% |
| 1000 NIM | $1.4 | $1.11 | +25.73% |
Today vs. 1 year ago
| Amount | 05:33 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 NIM | $0.0006997 | $0.0004520 | +54.80% |
| 1 NIM | $0.001399 | $0.0009039 | +54.80% |
| 5 NIM | $0.006997 | $0.004520 | +54.80% |
| 10 NIM | $0.01399 | $0.009039 | +54.80% |
| 50 NIM | $0.06997 | $0.04520 | +54.80% |
| 100 NIM | $0.1399 | $0.09039 | +54.80% |
| 500 NIM | $0.6997 | $0.4520 | +54.80% |
| 1000 NIM | $1.4 | $0.9039 | +54.80% |
Nimiq price prediction
What will the price of NIM be in 2025?
Based on NIM's historical price performance prediction model, the price of NIM is projected to reach $0.001594 in 2025.
What will the price of NIM be in 2030?
In 2030, the NIM price is expected to change by +1.00%. By the end of 2030, the NIM price is projected to reach $0.004801, with a cumulative ROI of +243.71%.
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Popular Nimiq conversions
Check out these popular currency conversions of Nimiq to several fiat currencies.
Nimiq to USD
1 NIM to $ 0.001399 USD
Nimiq to GBP
1 NIM to £ 0.001085 GBP
Nimiq to EUR
1 NIM to € 0.001286 EUR
Nimiq to KRW
1 NIM to ₩ 1.93 KRW
Nimiq to CAD
1 NIM to $ 0.001949 CAD
Nimiq to AUD
1 NIM to $ 0.002127 AUD
Nimiq to JPY
1 NIM to ¥ 0.2133 JPY
Nimiq to BRL
1 NIM to R$ 0.008104 BRL
Nimiq to CNY
1 NIM to ¥ 0.009973 CNY
Nimiq to TWD
1 NIM to NT$ 0.04472 TWD
Popular cryptocurrencies to SAR
Explore other cryptocurrencies based on your interest in Nimiq.
AI Companions to SAR
1 AIC to ر.س 0.3171 SAR
Hooked Protocol to SAR
1 HOOK to ر.س 1.4 SAR
Grass to SAR
1 GRASS to ر.س -- SAR
Aevo to SAR
1 AEVO to ر.س 1.2 SAR
Bitcoin to SAR
1 BTC to ر.س 261,060.21 SAR
Solana to SAR
1 SOL to ر.س 627.22 SAR
Sui to SAR
1 SUI to ر.س 7.41 SAR
Celestia to SAR
1 TIA to ر.س 18.26 SAR
Ethereum to SAR
1 ETH to ر.س 9,413.9 SAR
Dogecoin to SAR
1 DOGE to ر.س 0.6000 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 Nimiq 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 Nimiq 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 Nimiq 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.
