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Treasure to Kyrgystani Som Converter and calculator

Convert 1Treasure (MAGIC) to Kyrgystani Som (KGS) equals с 77.23 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Treasure(MAGIC) to Kyrgystani Som(KGS). This is the real-time data. The current conversion shows 1 MAGIC at a value of 1 MAGIC for 77.23 KGS . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

KGS information

About Kyrgystani Som (KGS)

The Kyrgyzstani Som, introduced in 1993, is more than just the official currency of Kyrgyzstan; it represents a crucial aspect of the nation's post-Soviet economic and cultural identity. It is commonly abbreviated as KGS and represented by the symbol с. The Som's introduction was a significant step in establishing Kyrgyzstan's monetary independence following the dissolution of the Soviet Union.

Historical Background

The introduction of the Kyrgyzstani Som in May 1993 was a critical event in the nation's history, marking its transition from the Soviet ruble and signifying newfound economic sovereignty. This change was not merely monetary; it symbolized the birth of a new national identity and the start of an independent economic journey.

Design and Symbolism

The design of the Kyrgyzstani Som is a rich tapestry of the country's heritage and aspirations. Banknotes and coins feature prominent historical figures, landmarks, and symbols that reflect Kyrgyzstan’s rich history, culture, and natural landscapes. These designs are a source of national pride and a tool for educating citizens and visitors about the country's legacy.

Economic Role

As Kyrgyzstan's primary medium of exchange, the Som is central to its economy. The country, characterized by its mountainous terrain, has a mixed economic system with key sectors including agriculture, mining, and a growing service sector. The Som facilitates domestic and international transactions, playing a vital role in the nation's economic activities and stability.

Monetary Policy and Inflation

Managed by the National Bank of Kyrgyzstan, the Som has faced challenges such as inflation and fluctuating exchange rates. The central bank's monetary policies aim to stabilize the currency, control inflation, and foster conditions conducive to economic growth and stability.

International Trade and the Kyrgyzstani Som

The Som’s exchange rate plays a significant role in international trade, particularly in dealings with its major trading partners, including Russia and China. A stable and competitive exchange rate is crucial for maintaining healthy trade relationships and attracting foreign investment.

Remittances and Economic Impact

Remittances from Kyrgyz citizens working abroad, especially in Russia and Kazakhstan, are a significant source of foreign income. These funds, converted into Soms, support many households and contribute to the national economy.

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Bitget crypto-to-fiat exchange data shows that the most popular Treasure currency pair is the MAGIC to KGS, with for Treasure's currency code being MAGIC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for KGS.

MAGIC to KGS conversion rate trend

1D7D1M3M1YAll
In the past 1D, Treasure has changed +4.91% to KGS. Based on the trend and price charts, Treasure(MAGIC) has changed +4.91% to KGS while Kyrgystani Som(KGS) has changed % to MAGIC in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
с76.34
0.0001% / 0.0004%vip-iconVIP
Binance
с76.34
0.1000% / 0.1000%
Yes
OKX
с76.42
0.080% / 0.100%
Yes
Huobi
с76.32
0.1000% / 0.1000%
Yes
Gate.io
с76.4
0.1000% / 0.1000%
Yes
Bybit
с76.35
0.1000% / 0.1000%
Yes
KuCoin
с76.35
0.1000% / 0.1000%
Yes
Last updated 2024/06/02 14:00:22(UTC+0)

How to buy Treasure

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Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Treasure (MAGIC)
Use a variety of payment options to buy Treasure on Bitget. We'll show you how.

What factors influence the conversion rate of Treasure to Kyrgystani Som?

Treasure to Kyrgystani Som is rising this week.
Treasure's current market price is с 77.23 per MAGIC, with a total market cap of с 19,832,205,180.44 KGS based on a circulating supply of 256,802,610 MAGIC. The trading volume of Treasure has changed by +69.18% (с 1,444,988,245.31 KGS) in the last 24 hours. Last trading day, MAGIC's trading volume was с 2,088,782,273.84.
Market cap
$226.14M
24h volume
$40.29M
Circulating supply
256.80M MAGIC

Conversion tables

The exchange rate of Treasure is increasing.
1 MAGIC is currently valued at с 77.23 KGS , which means buying 5 MAGIC will cost с 386.14 KGS . Similarly, с1 KGS can be traded for 0.01295 MAGIC, and с50 KGS can be converted to 0.6474 MAGIC, excluding any platform or gas fees.
The exchange rate of 1 MAGIC to Kyrgystani Som has changed by +6.13% in the last 7 days. In the last 24 hours, the rate has fluctuated by +4.91%, reaching a high of 78.63 KGS and a low of 73.26 KGS . One month ago, the value of 1 MAGIC was с 66.54 KGS , which represents a +16.15% change from its current value. Over the last year, Treasure has changed by
-с
15.05KGS
, resulting in a change of -16.37% in its value.

MAGIC to KGS

Amount
14:53 today
0.5 MAGIC
с38.61
1 MAGIC
с77.23
5 MAGIC
с386.14
10 MAGIC
с772.27
50 MAGIC
с3,861.37
100 MAGIC
с7,722.74
500 MAGIC
с38,613.71
1000 MAGIC
с77,227.43

KGS to MAGIC

Amount14:53 today
0.5KGS0.006474  MAGIC
1KGS0.01295  MAGIC
5KGS0.06474  MAGIC
10KGS0.1295  MAGIC
50KGS0.6474  MAGIC
100KGS1.29  MAGIC
500KGS6.47  MAGIC
1000KGS12.95  MAGIC
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Today vs. 24 hours ago

Amount14:53 today24 hours ago24h change
0.5 MAGIC$0.4403$0.4198
+4.91%
1 MAGIC$0.8806$0.8396
+4.91%
5 MAGIC$4.4$4.2
+4.91%
10 MAGIC$8.81$8.4
+4.91%
50 MAGIC$44.03$41.98
+4.91%
100 MAGIC$88.06$83.96
+4.91%
500 MAGIC$440.29$419.78
+4.91%
1000 MAGIC$880.59$839.55
+4.91%

Today vs. 1 month ago

Amount14:53 today1 month ago1M change
0.5 MAGIC$0.4403$0.3794
+16.15%
1 MAGIC$0.8806$0.7588
+16.15%
5 MAGIC$4.4$3.79
+16.15%
10 MAGIC$8.81$7.59
+16.15%
50 MAGIC$44.03$37.94
+16.15%
100 MAGIC$88.06$75.88
+16.15%
500 MAGIC$440.29$379.38
+16.15%
1000 MAGIC$880.59$758.76
+16.15%
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Today vs. 1 year ago

Amount14:53 today1 year ago1Y change
0.5 MAGIC$0.4403$0.5261
-16.37%
1 MAGIC$0.8806$1.05
-16.37%
5 MAGIC$4.4$5.26
-16.37%
10 MAGIC$8.81$10.52
-16.37%
50 MAGIC$44.03$52.61
-16.37%
100 MAGIC$88.06$105.22
-16.37%
500 MAGIC$440.29$526.08
-16.37%
1000 MAGIC$880.59$1,052.16
-16.37%

Treasure price prediction

What will the price of MAGIC be in 2025?

Based on MAGIC's historical price performance prediction model, the price of MAGIC is projected to reach $1.41 in 2025.

What will the price of MAGIC be in 2030?

In 2030, the MAGIC price is expected to rise by +1.00%. By the end of 2030, the MAGIC price is projected to reach $2.67, with a cumulative ROI of +203.68%.
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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 Treasure and KGS.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Treasure and KGS. 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 Treasure in KGS, 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.