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.
ARB to SAR conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | ر.س3.57 | 0.0003% / 0.0004%VIP | |
Binance | ر.س3.56 | 0.1000% / 0.1000% | Yes |
OKX | ر.س3.56 | 0.080% / 0.100% | Yes |
Huobi | ر.س3.56 | 0.1000% / 0.1000% | Yes |
Gate.io | ر.س3.56 | 0.1000% / 0.1000% | Yes |
Bybit | ر.س3.57 | 0.1000% / 0.1000% | Yes |
KuCoin | ر.س3.56 | 0.1000% / 0.1000% | Yes |
Bitfinex | ر.س3.56 | 0.1000% / 0.1000% | Yes |
How to buy Arbitrum
Buy ARB (or USDT) for SAR (Saudi Riyal) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
B BGUSER-4HBCA39L 39 trades|Completion rate 89.00% | 3.7 SAR | Amount19.21 USDT Limit39 - 74 SAR | ||
S Sojib uddin 74 175 trades|Completion rate 96.00% | 4.15 SAR | Amount111.51 USDT Limit100 - 460 SAR | ||
B BGUSER-N236YHSJ 37 trades|Completion rate 93.00% | 4.19 SAR | Amount442.07 USDT Limit419 - 1816 SAR | ||
H Hidayat ullah trader 133 trades|Completion rate 93.00% | 4.2 SAR | Amount30.38 USDT Limit39 - 226 SAR | ||
M M.M Crew 13 trades|Completion rate 87.00% | 4.2 SAR | Amount48.81 USDT Limit50 - 315 SAR |
Sell ARB (or USDT) for SAR (Saudi Riyal) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
S Sojib uddin 74 175 trades|Completion rate 96.00% | 3.9 SAR | Amount800 USDT Limit50 - 500 SAR | ||
U Usman official . 236 trades|Completion rate 93.00% | 3.87 SAR | Amount359.37 USDT Limit39 - 900 SAR | ||
a abushahad 20 trades|Completion rate 95.00% | 3.87 SAR | Amount1000 USDT Limit300 - 500 SAR | ||
A Abu Humza 47 trades|Completion rate 98.00% | 3.85 SAR | Amount3164.29 USDT Limit100 - 1000 SAR | ||
u usdt505 15 trades|Completion rate 79.00% | 3.83 SAR | Amount6633 USDT Limit1000 - 30000.39 SAR |
What factors influence the conversion rate of Arbitrum to Saudi Riyal?
Arbitrum to Saudi Riyal is falling this week.Conversion tables
The exchange rate of Arbitrum is decreasing.ARB to SAR
SAR to ARB
Today vs. 24 hours ago
Amount | 15:57 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 ARB | $0.4635 | $0.4937 | -6.12% |
1 ARB | $0.9269 | $0.9873 | -6.12% |
5 ARB | $4.63 | $4.94 | -6.12% |
10 ARB | $9.27 | $9.87 | -6.12% |
50 ARB | $46.35 | $49.37 | -6.12% |
100 ARB | $92.69 | $98.73 | -6.12% |
500 ARB | $463.46 | $493.66 | -6.12% |
1000 ARB | $926.92 | $987.33 | -6.12% |
Today vs. 1 month ago
Amount | 15:57 today | 1 month ago | 1M change |
---|---|---|---|
0.5 ARB | $0.4635 | $0.4800 | -3.45% |
1 ARB | $0.9269 | $0.9600 | -3.45% |
5 ARB | $4.63 | $4.8 | -3.45% |
10 ARB | $9.27 | $9.6 | -3.45% |
50 ARB | $46.35 | $48 | -3.45% |
100 ARB | $92.69 | $96 | -3.45% |
500 ARB | $463.46 | $480.01 | -3.45% |
1000 ARB | $926.92 | $960.02 | -3.45% |
Today vs. 1 year ago
Amount | 15:57 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 ARB | $0.4635 | $0.4966 | -6.68% |
1 ARB | $0.9269 | $0.9932 | -6.68% |
5 ARB | $4.63 | $4.97 | -6.68% |
10 ARB | $9.27 | $9.93 | -6.68% |
50 ARB | $46.35 | $49.66 | -6.68% |
100 ARB | $92.69 | $99.32 | -6.68% |
500 ARB | $463.46 | $496.62 | -6.68% |
1000 ARB | $926.92 | $993.24 | -6.68% |
Arbitrum price prediction
What will the price of ARB be in 2025?
What will the price of ARB be in 2030?
Other crypto price predictions
Convert popular cryptocurrencies
Bitget Earn
APR
Purchase other cryptocurrencies with similar market cap
Popular Arbitrum conversions
Popular cryptocurrencies to SAR
Discover more cryptocurrencies
Latest coin listings on Bitget
FAQ
Buy Arbitrum for 1 SAR
A welcome pack worth 1000 USDT for new Bitgetters!