ALGO
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 Algorand(ALGO) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 ALGO at a value of 1 ALGO for 0.63 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 Algorand currency pair is the ALGO to SAR, with for Algorand's currency code being ALGO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.
ALGO to SAR conversion rate trend
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In the past 1D, Algorand has changed +5.61% to SAR. Based on the trend and price charts, Algorand(ALGO) has changed +5.61% to SAR while Saudi Riyal(SAR) has changed % to ALGO in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | ر.س0.6253 | 0.0003% / 0.0004%  VIP | |
Binance | ر.س0.6238 | 0.1000% / 0.1000% | Yes |
Kraken | ر.س0.6241 | 0.1000% / 0.1000% | Yes |
OKX | ر.س0.6238 | 0.080% / 0.100% | Yes |
Huobi | ر.س0.6234 | 0.1000% / 0.1000% | Yes |
Gate.io | ر.س0.6238 | 0.1000% / 0.1000% | Yes |
Bybit | ر.س0.6240 | 0.1000% / 0.1000% | Yes |
KuCoin | ر.س0.6231 | 0.1000% / 0.1000% | Yes |
Bitfinex | ر.س0.6271 | 0.1000% / 0.1000% | Yes |
Last updated 2024/06/12 14:00:18(UTC+0)
How to buy Algorand
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Buy Algorand (ALGO)
Use a variety of payment options to buy Algorand on Bitget. We'll show you how.
Buy ALGO (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading does not currently support direct buying of ALGO with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy ALGO with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|---|---|---|---|
B BGUSER-4HBCA39L  43 trades｜Completion rate 91.00% | 3.69 SAR | Amount39.21 USDT Limit39 - 73.8 SAR |  | |
B BGUSER-N236YHSJ 29 trades｜Completion rate 88.00% | 4.09 SAR | Amount672.56 USDT Limit409 - 2750 SAR |       | |
A Abu Humza 45 trades｜Completion rate 96.00% | 4.09 SAR | Amount169.01 USDT Limit100 - 1775 SAR | | |
A AwaisAslam 8 trades｜Completion rate 89.00% | 4.09 SAR | Amount230 USDT Limit80 - 800 SAR | | |
S Stc24 67 trades｜Completion rate 96.00% | 4.1 SAR | Amount404.99 USDT Limit100 - 1000 SAR | |
Sell ALGO (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading currently does not support direct selling of ALGO to SAR. However, you can first exchange ALGO for USDT in the Bitget spot market, and then sell USDT to SAR in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
|---|---|---|---|---|
A AwaisAslam 8 trades｜Completion rate 89.00% | 3.9 SAR | Amount200 USDT Limit60 - 800 SAR | | |
S Stc24 67 trades｜Completion rate 96.00% | 3.89 SAR | Amount239.27 USDT Limit200 - 499 SAR | | |
S Sojib uddin 74 161 trades｜Completion rate 98.00% | 3.89 SAR | Amount239.82 USDT Limit39 - 1900 SAR | | |
U Usman official . 244 trades｜Completion rate 93.00% | 3.88 SAR | Amount432.38 USDT Limit39 - 900 SAR | | |
B BGUSER-N236YHSJ 29 trades｜Completion rate 88.00% | 3.87 SAR | Amount650 USDT Limit100 - 2515 SAR |  |
What factors influence the conversion rate of Algorand to Saudi Riyal?
Algorand to Saudi Riyal is falling this week.Algorand's current market price is ر.س 0.6253 per ALGO, with a total market cap of ر.س 5,114,413,650.76 SAR based on a circulating supply of 8,179,555,000 ALGO. The trading volume of Algorand has changed by -3.58% (ر.س -7,419,255.21 SAR) in the last 24 hours. Last trading day, ALGO's trading volume was ر.س 207,334,429.18.
Market cap
$1.36B
24h volume
$53.30M
Circulating supply
8.18B ALGO
Conversion tables
The exchange rate of Algorand is decreasing.1 ALGO is currently valued at ر.س 0.6253 SAR , which means buying 5 ALGO will cost ر.س 3.13 SAR . Similarly, ر.س1 SAR can be traded for 1.6 ALGO, and ر.س50 SAR can be converted to 79.97 ALGO, excluding any platform or gas fees.
The exchange rate of 1 ALGO to Saudi Riyal has changed by -11.16% in the last 7 days. In the last 24 hours, the rate has fluctuated by +5.61%, reaching a high of 0.6322 SAR and a low of 0.5838 SAR . One month ago, the value of 1 ALGO was ر.س 0.6673 SAR , which represents a -6.29% change from its current value. Over the last year, Algorand has changed by , resulting in a change of +45.40% in its value.
+ر.س
0.1953SARALGO to SAR
Amount
14:07 today
0.5 ALGO
ر.س0.3126
1 ALGO
ر.س0.6253
5 ALGO
ر.س3.13
10 ALGO
ر.س6.25
50 ALGO
ر.س31.26
100 ALGO
ر.س62.53
500 ALGO
ر.س312.63
1000 ALGO
ر.س625.27
SAR to ALGO
Amount14:07 today
0.5SAR0.7997 ALGO
1SAR1.6 ALGO
5SAR8 ALGO
10SAR15.99 ALGO
50SAR79.97 ALGO
100SAR159.93 ALGO
500SAR799.66 ALGO
1000SAR1,599.31 ALGO
Today vs. 24 hours ago
| Amount | 14:07 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 ALGO | $0.08334 | $0.07892 | +5.61% |
| 1 ALGO | $0.1667 | $0.1578 | +5.61% |
| 5 ALGO | $0.8334 | $0.7892 | +5.61% |
| 10 ALGO | $1.67 | $1.58 | +5.61% |
| 50 ALGO | $8.33 | $7.89 | +5.61% |
| 100 ALGO | $16.67 | $15.78 | +5.61% |
| 500 ALGO | $83.34 | $78.92 | +5.61% |
| 1000 ALGO | $166.69 | $157.83 | +5.61% |
Today vs. 1 month ago
| Amount | 14:07 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 ALGO | $0.08334 | $0.08894 | -6.29% |
| 1 ALGO | $0.1667 | $0.1779 | -6.29% |
| 5 ALGO | $0.8334 | $0.8894 | -6.29% |
| 10 ALGO | $1.67 | $1.78 | -6.29% |
| 50 ALGO | $8.33 | $8.89 | -6.29% |
| 100 ALGO | $16.67 | $17.79 | -6.29% |
| 500 ALGO | $83.34 | $88.94 | -6.29% |
| 1000 ALGO | $166.69 | $177.89 | -6.29% |
Today vs. 1 year ago
| Amount | 14:07 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 ALGO | $0.08334 | $0.05731 | +45.40% |
| 1 ALGO | $0.1667 | $0.1146 | +45.40% |
| 5 ALGO | $0.8334 | $0.5731 | +45.40% |
| 10 ALGO | $1.67 | $1.15 | +45.40% |
| 50 ALGO | $8.33 | $5.73 | +45.40% |
| 100 ALGO | $16.67 | $11.46 | +45.40% |
| 500 ALGO | $83.34 | $57.31 | +45.40% |
| 1000 ALGO | $166.69 | $114.63 | +45.40% |
Algorand price prediction
What will the price of ALGO be in 2025?
Based on ALGO's historical price performance prediction model, the price of ALGO is projected to reach $0.2196 in 2025.
What will the price of ALGO be in 2030?
In 2030, the ALGO price is expected to rise by +4.00%. By the end of 2030, the ALGO price is projected to reach $0.3952, with a cumulative ROI of +137.07%.
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Popular Algorand conversions
Check out these popular currency conversions of Algorand to several fiat currencies.
Algorand to USD
1 ALGO to $ 0.1667 USD
Algorand to GBP
1 ALGO to £ 0.1297 GBP
Algorand to EUR
1 ALGO to € 0.1540 EUR
Algorand to KRW
1 ALGO to ₩ 227.68 KRW
Algorand to CAD
1 ALGO to $ 0.2282 CAD
Algorand to AUD
1 ALGO to $ 0.2493 AUD
Algorand to JPY
1 ALGO to ¥ 26.03 JPY
Algorand to BRL
1 ALGO to R$ 0.8909 BRL
Algorand to CNY
1 ALGO to ¥ 1.21 CNY
Algorand to TWD
1 ALGO to NT$ 5.37 TWD
Popular cryptocurrencies to SAR
Explore other cryptocurrencies based on your interest in Algorand.
io.net to SAR
1 IO to ر.س 18.9 SAR
AI Analysis Token to SAR
1 AIAT to ر.س 2.64 SAR
Super Trump to SAR
1 STRUMP to ر.س 0.07555 SAR
Pepe to SAR
1 PEPE to ر.س 0.{4}5125 SAR
Bitcoin to SAR
1 BTC to ر.س 260,025.25 SAR
Solana to SAR
1 SOL to ر.س 598.23 SAR
Ethereum to SAR
1 ETH to ر.س 13,563.39 SAR
ZUZU to SAR
1 ZUZU to ر.س 0.02183 SAR
MetaTrace to SAR
1 TRC to ر.س 0.1443 SAR
Biaoqing to SAR
1 BIAO to ر.س 0.05877 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 Algorand 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 Algorand 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 Algorand 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.
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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.
