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$SPONGE to SAR Converter and calculator

$SPONGE/SAR: 1 $SPONGE = 0.001272 SAR. The price of converting 1 Sponge ($SPONGE) to Saudi Riyal (SAR) is 0.001272 SAR today.
$SPONGE
$SPONGE
SAR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides $SPONGE to SAR real-time exchange rates, making it easy to convert Sponge ($SPONGE) to Saudi Riyal (SAR). The conversion result is based on real-time data. The conversion result shows that 1 $SPONGE is currently valued at 0.00 SAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 $SPONGE is currently valued at 0.00 SAR, which means buying 5 $SPONGE would cost 0.01 SAR. Similarly, ر.س1 SAR can be converted to 786.29 $SPONGE, and ر.س50 SAR can be converted to 3,931.44 $SPONGE, excluding any platform or gas fees.

Convert $SPONGE to SAR

Convert SAR to $SPONGE

Sponge
Saudi Riyal
1 $SPONGE
0.001272  SAR
2 $SPONGE
0.002544  SAR
5 $SPONGE
0.006359  SAR
10 $SPONGE
0.01272  SAR
20 $SPONGE
0.02544  SAR
50 $SPONGE
0.06359  SAR
100 $SPONGE
0.1272  SAR
200 $SPONGE
0.2544  SAR
500 $SPONGE
0.6359  SAR
1000 $SPONGE
1.27  SAR
5000 $SPONGE
6.36  SAR
10000 $SPONGE
12.72  SAR
In the table above, you'll find a comprehensive $SPONGE to SAR converter that shows the value of Sponge in Saudi Riyal across commonly used conversion amounts. The list covers conversions from 1 $SPONGE to SAR, all the way up to 10000 $SPONGE, providing a clear view of their respective values.
Saudi Riyal
Sponge
10 SAR
7,862.87 $SPONGE
50 SAR
39,314.37 $SPONGE
100 SAR
78,628.74 $SPONGE
200 SAR
157,257.49 $SPONGE
500 SAR
393,143.72 $SPONGE
1000 SAR
786,287.44 $SPONGE
2000 SAR
1,572,574.87 $SPONGE
5000 SAR
3,931,437.19 $SPONGE
10000 SAR
7,862,874.37 $SPONGE
50000 SAR
39,314,371.86 $SPONGE
100000 SAR
78,628,743.72 $SPONGE
In the table above, you'll find a comprehensive SAR to $SPONGE converter that shows the value of Saudi Riyal in Sponge across commonly used conversion amounts. The list covers conversions from 1 SAR to $SPONGE, all the way up to 100000 SAR, providing a clear view of their respective values.

$SPONGE to SAR chart

$SPONGE/SAR: 1 $SPONGE = 0.001272 SAR; 2025/05/03 03:47:55
In the past 1D, Sponge has changed +3.69% to SAR. Based on the trend and price charts, Sponge($SPONGE) has changed +3.69% to SAR while Saudi Riyal(SAR) has changed % to $SPONGE in the last 24 hours.
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$SPONGE to SAR conversion data: Volatility and price changes of Sponge in SAR

The highest Sponge price in SAR over the past 7 days was 0.001321 SAR while the lowest Sponge price in SAR over the past 7 days was 0.001223 SAR. The relative change between the highs and lows in Sponge price in SAR over the last 7 days indicates a volatility of %. You can view additional volatility data and $SPONGE to SAR 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
0.001279 SAR
0.001321 SAR
0.001350 SAR
0.001367 SAR
Low
0.001223 SAR
0.001223 SAR
0.001200 SAR
0.001136 SAR
Average
0 SAR
0 SAR
0 SAR
0 SAR
Volatility
%
%
%
%
Change
+3.69%
+3.34%
-1.13%
-4.73%

Sponge information

$SPONGE to SAR market statistics

$SPONGE/SAR:
ر.س0.001272
$SPONGE 24h volume:
ر.س344,498.49
$SPONGE market cap:
--
$SPONGE circulating supply:
0 $SPONGE

Current $SPONGE to SAR exchange rate

Sponge to Saudi Riyal is rising this week.
Sponge's current market price is ر.س0.001272 per $SPONGE, with a total market cap of ر.س0 SAR based on a circulating supply of -- $SPONGE. The trading volume of Sponge has changed by -23.16% (ر.س-103,823.24 SAR) in the last 24 hours. Last trading day, $SPONGE's trading volume was ر.س448,321.73.

More info about Sponge on Bitget

Saudi Riyal 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 Sponge currency pair is the $SPONGE to SAR, with for Sponge's currency code being $SPONGE. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.

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How to convert $SPONGE to SAR

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$SPONGE to SAR Conversion tables

The exchange rate of Sponge is decreasing.
The exchange rate of 1 $SPONGE to Saudi Riyal has changed by +3.34% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.69%, reaching a high of 0.001279 SAR and a low of 0.001223 SAR . One month ago, the value of 1 $SPONGE was ر.س0.001286 SAR , which represents a -1.13% change from its current value. Over the last year, Sponge has changed by
+ر.س
0.001045SAR
, resulting in a change of +460.80% in its value.
24 hours ago1 month ago1 year ago
Amount03:47 am today24 hours ago24h change
0.5 $SPONGEر.س0.0006359ر.س0.0006133
+3.69%
1 $SPONGEر.س0.001272ر.س0.001227
+3.69%
5 $SPONGEر.س0.006359ر.س0.006133
+3.69%
10 $SPONGEر.س0.01272ر.س0.01227
+3.69%
50 $SPONGEر.س0.06359ر.س0.06133
+3.69%
100 $SPONGEر.س0.1272ر.س0.1227
+3.69%
500 $SPONGEر.س0.6359ر.س0.6133
+3.69%
1000 $SPONGEر.س1.27ر.س1.23
+3.69%

$SPONGE to SAR FAQ

How much is 1 Sponge in SAR?
Right now, the price of 1 Sponge ($SPONGE) in Saudi Riyal (SAR) is ر.س0.001272.
How much $SPONGE can I buy for 1 SAR?
Based on the current exchange rate, you can get 786.29 $SPONGE for 1 SAR.
How do I calculate or convert $SPONGE to SAR?
You can use our $SPONGE to SAR calculator at the top of this page to convert any amount of $SPONGE to SAR. We've also included quick-reference tables for the most popular conversions. For example, 5 SAR is equivalent to 3,931.44 $SPONGE, while 5 $SPONGE will cost around 0.006359SAR.
What is the highest price of $SPONGE/SAR in history?
The all-time high price of 1 $SPONGE in SAR is ر.س0.008978. It remains to be seen if the value of 1 $SPONGE/SAR will exceed the current all-time high.
What is the price trend of Sponge in SAR?
Over the past 7 days, the exchange rate of Sponge ($SPONGE) has gone up by 3.34%.   Over the last month, the exchange rate of Sponge ($SPONGE) has gone down by 1.13% against Saudi Riyal (SAR).

What factors influence the conversion rate of $SPONGE to SAR?

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

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