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Bitget: Ranked top 4 in global daily trading volume!
BTC dominance63.01%
New listings on Bitget: Pi Network
BTC/USDT$84392.43 (-0.27%)Fear and Greed Index33(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketINITTotal spot Bitcoin ETF netflow +$106.9M (1D); -$264M (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 dominance63.01%
New listings on Bitget: Pi Network
BTC/USDT$84392.43 (-0.27%)Fear and Greed Index33(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketINITTotal spot Bitcoin ETF netflow +$106.9M (1D); -$264M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
PARAS
PHP
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 Paras(PARAS) to Omani Rial(PHP). This is the real-time data. The current conversion shows 1 PARAS at a value of 1 PARAS for 0.06 PHP . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
PHP information
About Omani Rial (OMR)
The Omani Rial (OMR), introduced in 1973, is not only Oman's official currency but also a symbol of the nation's economic strength and cultural heritage. It is commonly abbreviated as OMR and represented by the symbol ر.ع. The Rial's introduction marked Oman's transition from the Indian Rupee and the Maria Theresa Thaler, symbolizing a new era of economic self-determination and modernization under Sultan Qaboos bin Said.
Historical Background
The adoption of the Omani Rial was a key step in Oman's post-colonial journey, reflecting the nation's aspiration to forge an independent economic identity. Replacing the Gulf Rupee, the Rial represented Oman's newfound economic independence and was instrumental in aligning its economy with international standards.
Design and Symbolism
The design of the Omani Rial is a celebration of Oman’s rich history and cultural heritage. Banknotes feature images of Sultan Qaboos, traditional Omani architecture, natural landmarks, and historical sites. These designs serve not only as a medium for financial transactions but also as reminders of Oman's heritage and the modern achievements under Sultan Qaboos’s reign.
Economic Role
The Omani Rial plays a crucial role in the nation’s economy, characterized by its substantial oil and gas reserves. As the primary currency, it underpins the oil sector, which is pivotal to Oman's economy, facilitating trade and investment and is vital for the country’s fiscal stability.
Monetary Policy and Stability
Managed by the Central Bank of Oman, the Rial is one of the highest-valued currencies in the world, reflecting Oman's economic stability and substantial hydrocarbon resources. The bank’s policies focus on maintaining the currency's value and stability, crucial for fostering a climate conducive to economic growth and investor confidence.
International Trade and the Omani Rial
The value of the Rial is significant in international trade, particularly for Oman's oil and gas exports. A stable and strong Rial is essential for maintaining competitive prices in the global market and attracting foreign investment in various sectors.
Remittances and the Economy
Remittances from Omanis working abroad and expatriates residing in Oman contribute to the country’s foreign exchange reserves. These inflows, exchanged into Rials, support the currency's stability and contribute to the national economy.
Bitget crypto-to-fiat exchange data shows that the most popular Paras currency pair is the PARAS to PHP, with for Paras's currency code being PARAS. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PHP.
PARAS to PHP conversion rate trend
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In the past 1D, Paras has changed -56.62% to PHP. Based on the trend and price charts, Paras(PARAS) has changed -56.62% to PHP while Omani Rial(PHP) has changed % to PARAS in the last 24 hours.
PARAS to PHP market statistics
PARAS/PHP:
₱ 0.06308
PARAS 24h volume:
--
PARAS market cap:
--
PARAS circulating supply:
0 PARAS
More info about Paras on Bitget
Current PARAS to PHP exchange rate
Paras to Omani Rial is falling this week.Paras's current market price is ₱ 0.06308 per PARAS, with a total market cap of ₱ 0 PHP based on a circulating supply of -- PARAS. The trading volume of Paras has changed by 0.00% (₱ 0 PHP) in the last 24 hours. Last trading day, PARAS's trading volume was ₱ 0.
PARAS to PHP Conversion tables
The exchange rate of Paras is decreasing.1 PARAS is currently valued at ₱ 0.06308 PHP , which means buying 5 PARAS will cost ₱ 0.3154 PHP . Similarly, ₱1 PHP can be traded for 15.85 PARAS, and ₱50 PHP can be converted to 792.66 PARAS, excluding any platform or gas fees.
The exchange rate of 1 PARAS to Omani Rial has changed by -56.66% in the last 7 days. In the last 24 hours, the rate has fluctuated by -56.62%, reaching a high of 0.1788 PHP and a low of 0.07748 PHP . One month ago, the value of 1 PARAS was ₱ 0.1643 PHP , which represents a -56.64% change from its current value. Over the last year, Paras has changed by , resulting in a change of -94.30% in its value.
-₱
1.28PHPPARAS to PHP
Amount
15:43 today
0.5 PARAS
₱0.03154
1 PARAS
₱0.06308
5 PARAS
₱0.3154
10 PARAS
₱0.6308
50 PARAS
₱3.15
100 PARAS
₱6.31
500 PARAS
₱31.54
1000 PARAS
₱63.08
PHP to PARAS
Amount15:43 today
0.5PHP7.93 PARAS
1PHP15.85 PARAS
5PHP79.27 PARAS
10PHP158.53 PARAS
50PHP792.66 PARAS
100PHP1,585.32 PARAS
500PHP7,926.6 PARAS
1000PHP15,853.21 PARAS
PARAS to PHP Today vs. 24 hours ago
| Amount | 15:43 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 PARAS | ₱0.03154 | ₱0.08211 | -56.62% |
| 1 PARAS | ₱0.06308 | ₱0.1642 | -56.62% |
| 5 PARAS | ₱0.3154 | ₱0.8211 | -56.62% |
| 10 PARAS | ₱0.6308 | ₱1.64 | -56.62% |
| 50 PARAS | ₱3.15 | ₱8.21 | -56.62% |
| 100 PARAS | ₱6.31 | ₱16.42 | -56.62% |
| 500 PARAS | ₱31.54 | ₱82.11 | -56.62% |
| 1000 PARAS | ₱63.08 | ₱164.22 | -56.62% |
PARAS to PHP Today vs. 1 month ago
| Amount | 15:43 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 PARAS | ₱0.03154 | ₱0.08214 | -56.64% |
| 1 PARAS | ₱0.06308 | ₱0.1643 | -56.64% |
| 5 PARAS | ₱0.3154 | ₱0.8214 | -56.64% |
| 10 PARAS | ₱0.6308 | ₱1.64 | -56.64% |
| 50 PARAS | ₱3.15 | ₱8.21 | -56.64% |
| 100 PARAS | ₱6.31 | ₱16.43 | -56.64% |
| 500 PARAS | ₱31.54 | ₱82.14 | -56.64% |
| 1000 PARAS | ₱63.08 | ₱164.27 | -56.64% |
PARAS to PHP Today vs. 1 year ago
| Amount | 15:43 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 PARAS | ₱0.03154 | ₱0.6725 | -94.30% |
| 1 PARAS | ₱0.06308 | ₱1.35 | -94.30% |
| 5 PARAS | ₱0.3154 | ₱6.73 | -94.30% |
| 10 PARAS | ₱0.6308 | ₱13.45 | -94.30% |
| 50 PARAS | ₱3.15 | ₱67.25 | -94.30% |
| 100 PARAS | ₱6.31 | ₱134.5 | -94.30% |
| 500 PARAS | ₱31.54 | ₱672.51 | -94.30% |
| 1000 PARAS | ₱63.08 | ₱1,345.02 | -94.30% |
How to convert PARAS to PHP
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Convert PARAS to PHP
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Buy PARAS (or USDT) for PHP (Philippine Peso) offers
Bitget P2P trading does not currently support direct buying of PARAS with PHP. However, you can buy USDT in Bitget P2P trading first, and then buy PARAS with USDT via Bitget spot market.
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Sell PARAS (or USDT) for PHP (Philippine Peso) offers
Bitget P2P trading currently does not support direct selling of PARAS to PHP. However, you can first exchange PARAS for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
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What factors influence the conversion rate of PARAS to PHP?
There are many factors that affect the relationship between Paras and Philippine Peso, 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 PARAS/PHP. When there is positive news in the market about the widespread adoption of PARAS or major technological breakthroughs, it tends to trigger market optimism and drive the rise of PARAS/PHP. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in PARAS/PHP.
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 PARAS/PHP. 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 Paras and adjust their investment strategies accordingly in the evolving market.
Paras Price Prediction
What will the price of PARAS be in 2026?
Based on PARAS's historical price performance prediction model, the price of PARAS is projected to reach $0.001535 in 2026.
What will the price of PARAS be in 2031?
In 2031, the PARAS price is expected to change by +46.00%. By the end of 2031, the PARAS price is projected to reach $0.003134, with a cumulative ROI of +183.05%.
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Popular Paras Converter
Check out these popular currency conversions of Paras to several fiat currencies.
PARAS to TWD
1 PARAS to NT$ 0.03619 TWD
PARAS to OMR
1 PARAS to ر.ع. 0.0004284 OMR
PARAS to CNY
1 PARAS to ¥ 0.008125 CNY
PARAS to USD
1 PARAS to $ 0.001113 USD
PARAS to EUR
1 PARAS to € 0.0009783 EUR
PARAS to CAD
1 PARAS to C$ 0.001540 CAD
PARAS to KRW
1 PARAS to ₩ 1.58 KRW
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1 PARAS to ¥ 0.1584 JPY
PARAS to GBP
1 PARAS to £ 0.0008387 GBP
PARAS to BRL
1 PARAS to R$ 0.006462 BRL
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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 Paras and PHP.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Paras and PHP. 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 Paras in PHP, 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.
