MRHB to SAR Converter and calculator


Conversion rates
Convert MRHB to SAR
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MRHB to SAR chart
MRHB to SAR conversion data: Volatility and price changes of MRHB DeFi Network in SAR
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.01624 SAR | 0.01709 SAR | 0.01709 SAR | 0.01849 SAR |
Low | 0.01612 SAR | 0.01539 SAR | 0.01347 SAR | 0.01336 SAR |
Average | 0 SAR | 0 SAR | 0 SAR | 0 SAR |
Volatility | % | % | % | % |
Change | -0.40% | +2.36% | +5.01% | +18.72% |
MRHB DeFi Network information
MRHB to SAR market statistics
Current MRHB to SAR exchange rate
MRHB DeFi Network to Saudi Riyal is rising this week.More info about MRHB DeFi Network 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.
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MRHB to SAR Conversion tables
Amount | 12:50 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 MRHB | ر.س0.008071 | ر.س0.008104 | -0.40% |
1 MRHB | ر.س0.01614 | ر.س0.01621 | -0.40% |
5 MRHB | ر.س0.08071 | ر.س0.08104 | -0.40% |
10 MRHB | ر.س0.1614 | ر.س0.1621 | -0.40% |
50 MRHB | ر.س0.8071 | ر.س0.8104 | -0.40% |
100 MRHB | ر.س1.61 | ر.س1.62 | -0.40% |
500 MRHB | ر.س8.07 | ر.س8.1 | -0.40% |
1000 MRHB | ر.س16.14 | ر.س16.21 | -0.40% |
MRHB to SAR FAQ
What factors influence the conversion rate of MRHB to SAR?
Popular exchange rates — Crypto-to-Fiat converter
The price of MRHB DeFi Network in the US is $0.004301 USD. Additionally, MRHB DeFi Network’s price is €0.003724 EUR in the eurozone, £0.003170 GBP in the UK, C$0.005845 CAD in Canada, ₹0.3704 INR in India, ₨1.22 PKR in Pakistan, R$0.02386 BRL in Brazil, and more.
The most popular MRHB DeFi Network currency pair is the MRHB to Saudi Riyal(SAR). The price of 1 MRHB DeFi Network (MRHB) in Saudi Riyal (SAR) is ر.س0.01614.
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