WQUIL to SAR Converter and calculator


Conversion rates
Convert WQUIL to SAR
Convert SAR to WQUIL
WQUIL to SAR chart
WQUIL to SAR conversion data: Volatility and price changes of Wrapped QUIL in SAR
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.3910 SAR | 0.4235 SAR | 0.4235 SAR | 0.4235 SAR |
Low | 0.3602 SAR | 0.3602 SAR | 0.3602 SAR | 0.3602 SAR |
Average | 0 SAR | 0 SAR | 0 SAR | 0 SAR |
Volatility | % | % | % | % |
Change | -3.89% | -4.08% | +0.39% | +0.64% |
Wrapped QUIL information
WQUIL to SAR market statistics
Current WQUIL to SAR exchange rate
Wrapped QUIL to Saudi Riyal is rising this week.More info about Wrapped QUIL 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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WQUIL to SAR Conversion tables
Amount | 14:03 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 WQUIL | ر.س0.05836 | ر.س0.06594 | -3.89% |
1 WQUIL | ر.س0.1167 | ر.س0.1319 | -3.89% |
5 WQUIL | ر.س0.5836 | ر.س0.6594 | -3.89% |
10 WQUIL | ر.س1.17 | ر.س1.32 | -3.89% |
50 WQUIL | ر.س5.84 | ر.س6.59 | -3.89% |
100 WQUIL | ر.س11.67 | ر.س13.19 | -3.89% |
500 WQUIL | ر.س58.36 | ر.س65.94 | -3.89% |
1000 WQUIL | ر.س116.73 | ر.س131.88 | -3.89% |
WQUIL to SAR FAQ
What factors influence the conversion rate of WQUIL to SAR?
Popular exchange rates — Crypto-to-Fiat converter
The price of Wrapped QUIL in the US is $0.03111 USD. Additionally, Wrapped QUIL’s price is €0.02699 EUR in the eurozone, £0.02312 GBP in the UK, C$0.04272 CAD in Canada, ₹2.69 INR in India, ₨8.83 PKR in Pakistan, R$0.1715 BRL in Brazil, and more.
The most popular Wrapped QUIL currency pair is the WQUIL to Saudi Riyal(SAR). The price of 1 Wrapped QUIL (WQUIL) in Saudi Riyal (SAR) is ر.س0.1167.
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