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Bitget: Ranked top 4 in global daily trading volume!
BTC dominance63.66%
New listings: Pi Network
Hot BTC ETF : IBIT
BTC/USDT$90350.00 (+2.40%)Fear and Greed Index47(Neutral)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketINITTotal spot Bitcoin ETF netflow +$381.3M (1D); +$394M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC dominance63.66%
New listings: Pi Network
Hot BTC ETF : IBIT
BTC/USDT$90350.00 (+2.40%)Fear and Greed Index47(Neutral)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketINITTotal spot Bitcoin ETF netflow +$381.3M (1D); +$394M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Magic Eden (ME) has been listed in the Innovation, Web3 and NFT Zone. You can quickly sell or buy ME. Spot Trading Link:
ME/USDT.
New users can get a welcome gift package worth 6200U,
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ME
SAR
Last updated as of 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 Magic Eden(ME) to Kenyan Shilling(SAR). This is the real-time data. The current conversion shows 1 ME at a value of 1 ME for 3.05 SAR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
SAR information
About Kenyan Shilling (KES)
The Kenyan Shilling (KES), introduced in 1966, replaced the East African Shilling to become the official currency of Kenya. It is commonly abbreviated as KES and represented by the symbol KSh. This change was a significant milestone in Kenya's journey towards economic independence and sovereignty. The Kenyan Shilling is more than just a medium of financial transaction; it reflects the country's rich cultural heritage, economic challenges, and aspirations.
Historical Background
The adoption of the Kenyan Shilling was a key step in post-colonial Kenya's economic development. It symbolized a break away from the East African Currency Board arrangement and was a crucial part of establishing a separate monetary identity following independence in 1963.
Design and Symbolism
The design of the Kenyan Shilling incorporates elements of Kenya's diverse culture and rich natural heritage. Banknotes and coins feature images of Kenya's founding father, Jomo Kenyatta, and later Mzee Jomo Kenyatta, and other prominent figures, along with various wildlife species, showcasing Kenya's commitment to preserving its natural and cultural heritage.
Economic Role
The Kenyan Shilling is central to Kenya's economy, which is one of the largest and most dynamic in East Africa. The currency facilitates trade in key sectors such as agriculture, tourism, manufacturing, and services. The stability and value of the Shilling are vital for economic growth and the well-being of Kenyan citizens.
Monetary Policy and Inflation
The Central Bank of Kenya manages the Shilling, implementing monetary policies aimed at maintaining currency stability and controlling inflation. These policies are essential for fostering a favorable economic environment and encouraging investment.
The Shilling in International Trade
The Kenyan Shilling's exchange rate is crucial in international trade, especially for Kenya's exports like tea, coffee, and horticultural products. A stable exchange rate is essential for maintaining competitive export prices and attracting foreign investments.
Remittances and Economic Impact
Remittances from Kenyans living abroad, particularly in North America and Europe, are a significant source of foreign income. These funds, exchanged for Shillings, support many families and contribute to the national economy.
Bitget crypto-to-fiat exchange data shows that the most popular Magic Eden currency pair is the ME to SAR, with for Magic Eden's currency code being ME. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.
ME to SAR conversion rate trend
1D7D1M3M1YAll
In the past 1D, Magic Eden has changed -0.27% to SAR. Based on the trend and price charts, Magic Eden(ME) has changed -0.27% to SAR while Kenyan Shilling(SAR) has changed % to ME in the last 24 hours.
ME to SAR market statistics
ME/SAR:
ر.س 3.05
ME 24h volume:
--
ME market cap:
--
ME circulating supply:
-- ME
More info about Magic Eden on Bitget
Current ME to SAR exchange rate
Magic Eden to Kenyan Shilling is rising this week.Magic Eden's current market price is ر.س 3.05 per ME, with a total market cap of ر.س -- SAR based on a circulating supply of -- ME. The trading volume of Magic Eden has changed by --% (ر.س -- SAR) in the last 24 hours. Last trading day, ME's trading volume was ر.س --.
ME to SAR Conversion tables
The exchange rate of Magic Eden is decreasing.1 ME is currently valued at ر.س 3.05 SAR , which means buying 5 ME will cost ر.س 15.25 SAR . Similarly, ر.س1 SAR can be traded for 0.3278 ME, and ر.س50 SAR can be converted to 16.39 ME, excluding any platform or gas fees.
The exchange rate of 1 ME to Kenyan Shilling has changed by +3.06% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.27%, reaching a high of 3.08 SAR and a low of 2.9 SAR . One month ago, the value of 1 ME was ر.س 3.81 SAR , which represents a -19.90% change from its current value. Over the last year, Magic Eden has changed by , resulting in a change of +3152.00% in its value.
+ر.س
2.96SARME to SAR
Amount
14:33 today
0.5 ME
ر.س1.53
1 ME
ر.س3.05
5 ME
ر.س15.25
10 ME
ر.س30.51
50 ME
ر.س152.53
100 ME
ر.س305.06
500 ME
ر.س1,525.3
1000 ME
ر.س3,050.61
SAR to ME
Amount14:33 today
0.5SAR0.1639 ME
1SAR0.3278 ME
5SAR1.64 ME
10SAR3.28 ME
50SAR16.39 ME
100SAR32.78 ME
500SAR163.9 ME
1000SAR327.8 ME
ME to SAR Today vs. 24 hours ago
| Amount | 14:33 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 ME | ر.س1.53 | ر.س1.53 | -0.27% |
| 1 ME | ر.س3.05 | ر.س3.06 | -0.27% |
| 5 ME | ر.س15.25 | ر.س15.29 | -0.27% |
| 10 ME | ر.س30.51 | ر.س30.59 | -0.27% |
| 50 ME | ر.س152.53 | ر.س152.94 | -0.27% |
| 100 ME | ر.س305.06 | ر.س305.89 | -0.27% |
| 500 ME | ر.س1,525.3 | ر.س1,529.43 | -0.27% |
| 1000 ME | ر.س3,050.61 | ر.س3,058.86 | -0.27% |
ME to SAR Today vs. 1 month ago
| Amount | 14:33 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 ME | ر.س1.53 | ر.س1.9 | -19.90% |
| 1 ME | ر.س3.05 | ر.س3.81 | -19.90% |
| 5 ME | ر.س15.25 | ر.س19.04 | -19.90% |
| 10 ME | ر.س30.51 | ر.س38.08 | -19.90% |
| 50 ME | ر.س152.53 | ر.س190.4 | -19.90% |
| 100 ME | ر.س305.06 | ر.س380.79 | -19.90% |
| 500 ME | ر.س1,525.3 | ر.س1,903.96 | -19.90% |
| 1000 ME | ر.س3,050.61 | ر.س3,807.91 | -19.90% |
ME to SAR Today vs. 1 year ago
| Amount | 14:33 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 ME | ر.س1.53 | ر.س0.04745 | +3152.00% |
| 1 ME | ر.س3.05 | ر.س0.09490 | +3152.00% |
| 5 ME | ر.س15.25 | ر.س0.4745 | +3152.00% |
| 10 ME | ر.س30.51 | ر.س0.9490 | +3152.00% |
| 50 ME | ر.س152.53 | ر.س4.74 | +3152.00% |
| 100 ME | ر.س305.06 | ر.س9.49 | +3152.00% |
| 500 ME | ر.س1,525.3 | ر.س47.45 | +3152.00% |
| 1000 ME | ر.س3,050.61 | ر.س94.9 | +3152.00% |
How to convert ME to SAR
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Learn moreBuy ME (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading does not currently support direct buying of ME with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy ME with USDT via Bitget spot market.
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Sell ME (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading currently does not support direct selling of ME to SAR. However, you can first exchange ME for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of ME to SAR?
There are many factors that affect the relationship between Magic Eden and Saudi Riyal, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of ME/SAR. When there is positive news in the market about the widespread adoption of ME or major technological breakthroughs, it tends to trigger market optimism and drive the rise of ME/SAR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in ME/SAR.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of ME/SAR. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Magic Eden and adjust their investment strategies accordingly in the evolving market.
Magic Eden Price Prediction
What will the price of ME be in 2026?
Based on ME's historical price performance prediction model, the price of ME is projected to reach $0.00 in 2026.
What will the price of ME be in 2031?
In 2031, the ME price is expected to change by +49.00%. By the end of 2031, the ME price is projected to reach $0.00, with a cumulative ROI of -100.00%.
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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 Magic Eden 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 Magic Eden 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 Magic Eden 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.
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.
