Bibendum to SAR Converter and calculator

Conversion rates
Convert Bibendum to SAR
Convert SAR to Bibendum
Bibendum to SAR chart
Bibendum to SAR conversion data: Volatility and price changes of Michelin Man in SAR
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.02630 SAR | -- SAR | -- SAR | -- SAR |
Low | 0.0003729 SAR | -- SAR | -- SAR | -- SAR |
Average | 0 SAR | 0 SAR | 0 SAR | 0 SAR |
Volatility | % | % | % | % |
Change | -0.98% | -- | -- | -- |
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Michelin Man information
Bibendum to SAR market statistics
Current Bibendum to SAR exchange rate
Michelin Man to Saudi Riyal is falling this week.More info about Michelin Man 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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Bibendum to SAR Conversion tables
Amount | 00:03 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 Bibendum | ر.س0.0002183 | ر.س-- | -0.98% |
1 Bibendum | ر.س0.0004366 | ر.س-- | -0.98% |
5 Bibendum | ر.س0.002183 | ر.س-- | -0.98% |
10 Bibendum | ر.س0.004366 | ر.س-- | -0.98% |
50 Bibendum | ر.س0.02183 | ر.س-- | -0.98% |
100 Bibendum | ر.س0.04366 | ر.س-- | -0.98% |
500 Bibendum | ر.س0.2183 | ر.س-- | -0.98% |
1000 Bibendum | ر.س0.4366 | ر.س-- | -0.98% |
Bibendum to SAR FAQ
What factors influence the conversion rate of Bibendum to SAR?
Popular exchange rates — Crypto-to-Fiat converter
The price of Michelin Man in the US is $0.0001162 USD. Additionally, Michelin Man’s price is €0.{4}9927 EUR in the eurozone, £0.{4}8669 GBP in the UK, C$0.0001620 CAD in Canada, ₹0.01030 INR in India, ₨0.03279 PKR in Pakistan, R$0.0006213 BRL in Brazil, and more.
The most popular Michelin Man currency pair is the Bibendum to Saudi Riyal(SAR). The price of 1 Michelin Man (Bibendum) in Saudi Riyal (SAR) is ر.س0.0004366.
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