ROOT
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 The Root Network(ROOT) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 ROOT at a value of 1 ROOT for 0.09 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 The Root Network currency pair is the ROOT to SAR, with for The Root Network's currency code being ROOT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.
ROOT to SAR conversion rate trend
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In the past 1D, The Root Network has changed -8.62% to SAR. Based on the trend and price charts, The Root Network(ROOT) has changed -8.62% to SAR while Saudi Riyal(SAR) has changed % to ROOT in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | ر.س0.08792 | 0.0200% / 0.0320%  VIP 7 | |
Huobi | ر.س0.08863 | 0.1000% / 0.1000% | Yes |
Gate.io | ر.س0.08882 | 0.1000% / 0.1000% | Yes |
Bybit | ر.س0.08894 | 0.1000% / 0.1000% | Yes |
KuCoin | ر.س0.08826 | 0.1000% / 0.1000% | Yes |
Last updated 2024/11/13 08:00:21(UTC+0)
How to buy The Root Network
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.
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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy The Root Network (ROOT)
Use a variety of payment options to buy The Root Network on Bitget. We'll show you how.
Learn MoreBuy ROOT (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading does not currently support direct buying of ROOT with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy ROOT 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 ROOT (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading currently does not support direct selling of ROOT to SAR. However, you can first exchange ROOT 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 The Root Network to Saudi Riyal?
The Root Network to Saudi Riyal is rising this week.The Root Network's current market price is ر.س 0.08830 per ROOT, with a total market cap of ر.س 127,751,443.74 SAR based on a circulating supply of 1,446,820,500 ROOT. The trading volume of The Root Network has changed by +29.67% (ر.س 5,307,421.83 SAR) in the last 24 hours. Last trading day, ROOT's trading volume was ر.س 17,885,523.66.
Market cap
$34.00M
24h volume
$6.17M
Circulating supply
1.45B ROOT
Conversion tables
The exchange rate of The Root Network is increasing.1 ROOT is currently valued at ر.س 0.08830 SAR , which means buying 5 ROOT will cost ر.س 0.4415 SAR . Similarly, ر.س1 SAR can be traded for 11.33 ROOT, and ر.س50 SAR can be converted to 566.26 ROOT, excluding any platform or gas fees.
The exchange rate of 1 ROOT to Saudi Riyal has changed by +16.72% in the last 7 days. In the last 24 hours, the rate has fluctuated by -8.62%, reaching a high of 0.09642 SAR and a low of 0.08367 SAR . One month ago, the value of 1 ROOT was ر.س 0.08503 SAR , which represents a +3.84% change from its current value. Over the last year, The Root Network has changed by , resulting in a change of -23.94% in its value.
+ر.س
0.08837SARROOT to SAR
Amount
10:02 am today
0.5 ROOT
ر.س0.04415
1 ROOT
ر.س0.08830
5 ROOT
ر.س0.4415
10 ROOT
ر.س0.8830
50 ROOT
ر.س4.41
100 ROOT
ر.س8.83
500 ROOT
ر.س44.15
1000 ROOT
ر.س88.3
SAR to ROOT
Amount10:02 am today
0.5SAR5.66 ROOT
1SAR11.33 ROOT
5SAR56.63 ROOT
10SAR113.25 ROOT
50SAR566.26 ROOT
100SAR1,132.53 ROOT
500SAR5,662.64 ROOT
1000SAR11,325.28 ROOT
Today vs. 24 hours ago
| Amount | 10:02 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 ROOT | $0.01175 | $0.01286 | -8.62% |
| 1 ROOT | $0.02350 | $0.02572 | -8.62% |
| 5 ROOT | $0.1175 | $0.1286 | -8.62% |
| 10 ROOT | $0.2350 | $0.2572 | -8.62% |
| 50 ROOT | $1.18 | $1.29 | -8.62% |
| 100 ROOT | $2.35 | $2.57 | -8.62% |
| 500 ROOT | $11.75 | $12.86 | -8.62% |
| 1000 ROOT | $23.5 | $25.72 | -8.62% |
Today vs. 1 month ago
| Amount | 10:02 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 ROOT | $0.01175 | $0.01132 | +3.84% |
| 1 ROOT | $0.02350 | $0.02263 | +3.84% |
| 5 ROOT | $0.1175 | $0.1132 | +3.84% |
| 10 ROOT | $0.2350 | $0.2263 | +3.84% |
| 50 ROOT | $1.18 | $1.13 | +3.84% |
| 100 ROOT | $2.35 | $2.26 | +3.84% |
| 500 ROOT | $11.75 | $11.32 | +3.84% |
| 1000 ROOT | $23.5 | $22.63 | +3.84% |
Today vs. 1 year ago
| Amount | 10:02 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 ROOT | $0.01175 | $-0.{5}9296 | -23.94% |
| 1 ROOT | $0.02350 | $-0.{4}1859 | -23.94% |
| 5 ROOT | $0.1175 | $-0.{4}9296 | -23.94% |
| 10 ROOT | $0.2350 | $-0.0001859 | -23.94% |
| 50 ROOT | $1.18 | $-0.0009296 | -23.94% |
| 100 ROOT | $2.35 | $-0.001859 | -23.94% |
| 500 ROOT | $11.75 | $-0.009296 | -23.94% |
| 1000 ROOT | $23.5 | $-0.01859 | -23.94% |
The Root Network price prediction
What will the price of ROOT be in 2025?
Based on ROOT's historical price performance prediction model, the price of ROOT is projected to reach $0.004844 in 2025.
What will the price of ROOT be in 2030?
In 2030, the ROOT price is expected to change by +6.00%. By the end of 2030, the ROOT price is projected to reach $0.009658, with a cumulative ROI of -59.64%.
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Popular The Root Network conversions
Check out these popular currency conversions of The Root Network to several fiat currencies.
The Root Network to USD
1 ROOT to $ 0.02350 USD
The Root Network to GBP
1 ROOT to £ 0.01844 GBP
The Root Network to EUR
1 ROOT to € 0.02214 EUR
The Root Network to KRW
1 ROOT to ₩ 33.04 KRW
The Root Network to CAD
1 ROOT to $ 0.03280 CAD
The Root Network to AUD
1 ROOT to $ 0.03601 AUD
The Root Network to JPY
1 ROOT to ¥ 3.64 JPY
The Root Network to BRL
1 ROOT to R$ 0.1352 BRL
The Root Network to CNY
1 ROOT to ¥ 0.1699 CNY
The Root Network to TWD
1 ROOT to NT$ 0.7637 TWD
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Explore other cryptocurrencies based on your interest in The Root Network.
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1 EGO to ر.س 0.1071 SAR
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1 STRUMP to ر.س 0.01195 SAR
Bitcoin to SAR
1 BTC to ر.س 328,621.95 SAR
SolarX to SAR
1 SXCH to ر.س -- SAR
Dogecoin to SAR
1 DOGE to ر.س 1.42 SAR
Solana to SAR
1 SOL to ر.س 776.61 SAR
Bonk to SAR
1 BONK to ر.س 0.0001265 SAR
Cardano to SAR
1 ADA to ر.س 2.01 SAR
Artificial Superintelligence Alliance to SAR
1 FET to ر.س 4.85 SAR
XRP to SAR
1 XRP to ر.س 2.48 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 The Root Network 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 The Root Network 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 The Root Network 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.
