TBX to SAR Converter and calculator


Conversion rates
Convert TBX to SAR
Convert SAR to TBX
TBX to SAR chart
TBX to SAR conversion data: Volatility and price changes of TurboX in SAR
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.5378 SAR | 0.5405 SAR | 0.5789 SAR | 0.7886 SAR |
Low | 0.5187 SAR | 0.5005 SAR | 0.4915 SAR | 0.4841 SAR |
Average | 0 SAR | 0 SAR | 0 SAR | 0 SAR |
Volatility | % | % | % | % |
Change | -2.88% | +2.05% | +5.97% | -34.07% |
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TurboX information
TBX to SAR market statistics
Current TBX to SAR exchange rate
TurboX to Saudi Riyal is rising this week.More info about TurboX 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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TBX to SAR Conversion tables
Amount | 11:13 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 TBX | ر.س0.2612 | ر.س0.2689 | -2.88% |
1 TBX | ر.س0.5223 | ر.س0.5378 | -2.88% |
5 TBX | ر.س2.61 | ر.س2.69 | -2.88% |
10 TBX | ر.س5.22 | ر.س5.38 | -2.88% |
50 TBX | ر.س26.12 | ر.س26.89 | -2.88% |
100 TBX | ر.س52.23 | ر.س53.78 | -2.88% |
500 TBX | ر.س261.15 | ر.س268.89 | -2.88% |
1000 TBX | ر.س522.31 | ر.س537.78 | -2.88% |
TBX to SAR FAQ
What factors influence the conversion rate of TBX to SAR?
Popular exchange rates — Crypto-to-Fiat converter
The price of TurboX in the US is $0.1392 USD. Additionally, TurboX’s price is €0.1191 EUR in the eurozone, £0.1027 GBP in the UK, C$0.1920 CAD in Canada, ₹12.18 INR in India, ₨39.42 PKR in Pakistan, R$0.7533 BRL in Brazil, and more.
The most popular TurboX currency pair is the TBX to Saudi Riyal(SAR). The price of 1 TurboX (TBX) in Saudi Riyal (SAR) is ر.س0.5223.
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