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MIC to QAR Converter and calculator

MIC/QAR: 1 MIC = 0.0004549 QAR. The price of converting 1 Magic Internet Cash (MIC) to Qatari Rial (QAR) is 0.0004549 QAR today.
MIC
MIC
QAR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MIC to QAR real-time exchange rates, making it easy to convert Magic Internet Cash (MIC) to Qatari Rial (QAR). The conversion result is based on real-time data. The conversion result shows that 1 MIC is currently valued at 0.00 QAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MIC is currently valued at 0.00 QAR, which means buying 5 MIC would cost 0.00 QAR. Similarly, ر.ق1 QAR can be converted to 2,198.51 MIC, and ر.ق50 QAR can be converted to 10,992.54 MIC, excluding any platform or gas fees.

Convert MIC to QAR

Convert QAR to MIC

Magic Internet Cash
Qatari Rial
In the table above, you'll find a comprehensive MIC to QAR converter that shows the value of Magic Internet Cash in Qatari Rial across commonly used conversion amounts. The list covers conversions from 1 MIC to QAR, all the way up to 10000 MIC, providing a clear view of their respective values.
Qatari Rial
Magic Internet Cash
500 QAR
1,099,253.85 MIC
1000 QAR
2,198,507.71 MIC
2000 QAR
4,397,015.41 MIC
5000 QAR
10,992,538.53 MIC
10000 QAR
21,985,077.06 MIC
50000 QAR
109,925,385.3 MIC
100000 QAR
219,850,770.59 MIC
In the table above, you'll find a comprehensive QAR to MIC converter that shows the value of Qatari Rial in Magic Internet Cash across commonly used conversion amounts. The list covers conversions from 1 QAR to MIC, all the way up to 100000 QAR, providing a clear view of their respective values.

MIC to QAR chart

MIC/QAR: 1 MIC = 0.0004549 QAR; 2025/04/28 12:32:17
In the past 1D, Magic Internet Cash has changed +35.04% to QAR. Based on the trend and price charts, Magic Internet Cash(MIC) has changed +35.04% to QAR while Qatari Rial(QAR) has changed % to MIC in the last 24 hours.
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MIC to QAR conversion data: Volatility and price changes of Magic Internet Cash in QAR

The highest Magic Internet Cash price in QAR over the past 7 days was 0.0005773 QAR while the lowest Magic Internet Cash price in QAR over the past 7 days was 0.0002887 QAR. The relative change between the highs and lows in Magic Internet Cash price in QAR over the last 7 days indicates a volatility of %. You can view additional volatility data and MIC to QAR prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.0005773 QAR
0.0005773 QAR
0.0005773 QAR
0.0009171 QAR
Low
0.0003010 QAR
0.0002887 QAR
0.0002421 QAR
0.0002421 QAR
Average
0 QAR
0 QAR
0 QAR
0 QAR
Volatility
%
%
%
%
Change
+35.04%
+19.08%
+24.05%
-35.88%

Magic Internet Cash information

MIC to QAR market statistics

MIC/QAR:
ر.ق0.0004549
MIC 24h volume:
--
MIC market cap:
--
MIC circulating supply:
0 MIC

Current MIC to QAR exchange rate

Magic Internet Cash to Qatari Rial is rising this week.
Magic Internet Cash's current market price is ر.ق0.0004549 per MIC, with a total market cap of ر.ق0 QAR based on a circulating supply of -- MIC. The trading volume of Magic Internet Cash has changed by 0.00% (ر.ق0 QAR) in the last 24 hours. Last trading day, MIC's trading volume was ر.ق0.

More info about Magic Internet Cash on Bitget

Qatari Rial information

About Qatari Rial (QAR)

The Qatari Rial (QAR), introduced in 1973, is more than just the official currency of Qatar; it is a testament to the nation's economic growth, wealth, and cultural heritage. It is commonly abbreviated as QAR and represented by the symbol ر.ق. Emerging after Qatar gained independence from the British, the Rial replaced the Qatar and Dubai Riyal and marked a new chapter in the country's burgeoning financial landscape.

Historical Background

The introduction of the Qatari Rial was a crucial step in Qatar's journey towards economic self-sufficiency and sovereignty. The currency's establishment coincided with the rapid development of Qatar's oil and gas sectors, propelling the nation into economic prominence. The Rial symbolized not only a new monetary system but also Qatar's emergence as a significant player in the global economy.

Design and Symbolism

The design of the Qatari Rial is a reflection of Qatar's rich history and cultural identity. Banknotes feature imagery of the Qatari flag, traditional dhow boats, and prominent landmarks like the Museum of Islamic Art. These designs serve not only as a medium for financial transactions but also as symbols of Qatar's blend of tradition and modernity, showcasing its journey from a pearling economy to a global energy powerhouse.

Economic Role

The Qatari Rial plays a central role in the nation’s economy, underpinned by one of the world’s largest reserves of oil and natural gas. The currency is instrumental in facilitating trade, both domestically and internationally, and supports various sectors including finance, construction, and a growing service industry.

Monetary Policy and Stability

Managed by the Qatar Central Bank, the Rial is pegged to the US Dollar, reflecting the economic relationship between Qatar and the United States, particularly in the oil sector. This peg provides stability to the Rial, crucial in an economy heavily reliant on hydrocarbon exports, and helps to manage inflation.

International Trade and the Qatari Rial

The stability of the Qatari Rial is vital in international trade, particularly for Qatar's exports of liquefied natural gas (LNG) and petroleum products. A stable Rial is essential for maintaining competitive pricing in global markets and for attracting foreign investment in various sectors.

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

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How to convert MIC to QAR

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Bitget P2P trading does not currently support direct buying of MIC with QAR. However, you can buy USDT in Bitget P2P trading first, and then buy MIC with USDT via Bitget spot market.
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MIC to QAR Conversion tables

The exchange rate of Magic Internet Cash is increasing.
The exchange rate of 1 MIC to Qatari Rial has changed by +19.08% in the last 7 days. In the last 24 hours, the rate has fluctuated by +35.04%, reaching a high of 0.0005773 QAR and a low of 0.0003010 QAR . One month ago, the value of 1 MIC was ر.ق0.0003667 QAR , which represents a +24.05% change from its current value. Over the last year, Magic Internet Cash has changed by
-ر.ق
0.0007984QAR
, resulting in a change of -63.71% in its value.
24 hours ago1 month ago1 year ago
Amount12:32 today24 hours ago24h change
0.5 MICر.ق0.0002274ر.ق0.0001684
+35.04%
1 MICر.ق0.0004549ر.ق0.0003368
+35.04%
5 MICر.ق0.002274ر.ق0.001684
+35.04%
10 MICر.ق0.004549ر.ق0.003368
+35.04%
50 MICر.ق0.02274ر.ق0.01684
+35.04%
100 MICر.ق0.04549ر.ق0.03368
+35.04%
500 MICر.ق0.2274ر.ق0.1684
+35.04%
1000 MICر.ق0.4549ر.ق0.3368
+35.04%

MIC to QAR FAQ

How much is 1 Magic Internet Cash in QAR?
Right now, the price of 1 Magic Internet Cash (MIC) in Qatari Rial (QAR) is ر.ق0.0004549.
How much MIC can I buy for 1 QAR?
Based on the current exchange rate, you can get 2,198.51 MIC for 1 QAR.
How do I calculate or convert MIC to QAR?
You can use our MIC to QAR calculator at the top of this page to convert any amount of MIC to QAR. We've also included quick-reference tables for the most popular conversions. For example, 5 QAR is equivalent to 10,992.54 MIC, while 5 MIC will cost around 0.002274QAR.
What is the highest price of MIC/QAR in history?
The all-time high price of 1 MIC in QAR is ر.ق0.1292. It remains to be seen if the value of 1 MIC/QAR will exceed the current all-time high.
What is the price trend of Magic Internet Cash in QAR?
Over the past 7 days, the exchange rate of Magic Internet Cash (MIC) has gone up by 19.08%.   Over the last month, the exchange rate of Magic Internet Cash (MIC) has gone up by 24.05% against Qatari Rial (QAR).

What factors influence the conversion rate of MIC to QAR?

There are many factors that affect the relationship between Magic Internet Cash and Qatari Rial, 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 MIC/QAR. When there is positive news in the market about the widespread adoption of MIC or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MIC/QAR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MIC/QAR.
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 MIC/QAR. 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 Internet Cash and adjust their investment strategies accordingly in the evolving market.

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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.