BVM to SAR Converter and calculator


Conversion rates
Convert BVM to SAR
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BVM to SAR chart
BVM to SAR conversion data: Volatility and price changes of Bitcoin Virtual Machine in SAR
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.1468 SAR | 0.2194 SAR | 0.3118 SAR | 0.5076 SAR |
Low | 0.1181 SAR | 0.09847 SAR | 0.09847 SAR | 0.09847 SAR |
Average | 0 SAR | 0 SAR | 0 SAR | 0 SAR |
Volatility | % | % | % | % |
Change | +10.80% | -14.03% | -51.55% | -39.72% |
Bitcoin Virtual Machine information
BVM to SAR market statistics
Current BVM to SAR exchange rate
Bitcoin Virtual Machine to Saudi Riyal is falling this week.More info about Bitcoin Virtual Machine on Bitget
Saudi Riyal 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.
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BVM to SAR Conversion tables
Amount | 21:33 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 BVM | ر.س0.06534 | ر.س0.05897 | +10.80% |
1 BVM | ر.س0.1307 | ر.س0.1179 | +10.80% |
5 BVM | ر.س0.6534 | ر.س0.5897 | +10.80% |
10 BVM | ر.س1.31 | ر.س1.18 | +10.80% |
50 BVM | ر.س6.53 | ر.س5.9 | +10.80% |
100 BVM | ر.س13.07 | ر.س11.79 | +10.80% |
500 BVM | ر.س65.34 | ر.س58.97 | +10.80% |
1000 BVM | ر.س130.68 | ر.س117.95 | +10.80% |
BVM to SAR FAQ
What factors influence the conversion rate of BVM to SAR?
Popular exchange rates — Crypto-to-Fiat converter
The price of Bitcoin Virtual Machine in the US is $0.03482 USD. Additionally, Bitcoin Virtual Machine’s price is €0.03014 EUR in the eurozone, £0.02566 GBP in the UK, C$0.04732 CAD in Canada, ₹3 INR in India, ₨9.85 PKR in Pakistan, R$0.1932 BRL in Brazil, and more.
The most popular Bitcoin Virtual Machine currency pair is the BVM to Saudi Riyal(SAR). The price of 1 Bitcoin Virtual Machine (BVM) in Saudi Riyal (SAR) is ر.س0.1307.
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