RENEC
OMR
Last updated 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 RENEC(RENEC) to Omani Rial(OMR). This is the real-time data. The current conversion shows 1 RENEC at a value of 1 RENEC for 0.09 OMR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
OMR 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 RENEC currency pair is the RENEC to OMR, with for RENEC's currency code being RENEC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for OMR.
RENEC to OMR conversion rate trend
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In the past 1D, RENEC has changed -5.10% to OMR. Based on the trend and price charts, RENEC(RENEC) has changed -5.10% to OMR while Omani Rial(OMR) has changed % to RENEC in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | ر.ع.0.08546 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/12/31 08:30:48(UTC+0)
How to buy RENEC
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Buy RENEC (RENEC)
Use a variety of payment options to buy RENEC on Bitget. We'll show you how.
Buy RENEC (or USDT) for OMR (Omani Rial) offers
Bitget P2P trading does not currently support direct buying of RENEC with OMR. However, you can buy USDT in Bitget P2P trading first, and then buy RENEC with USDT via Bitget spot market.
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Sell RENEC (or USDT) for OMR (Omani Rial) offers
Bitget P2P trading currently does not support direct selling of RENEC to OMR. However, you can first exchange RENEC 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 RENEC to Omani Rial?
RENEC to Omani Rial is falling this week.RENEC's current market price is ر.ع. 0.08505 per RENEC, with a total market cap of ر.ع. 3,052,796.68 OMR based on a circulating supply of 35,895,004 RENEC. The trading volume of RENEC has changed by -20.48% (ر.ع. -212.38 OMR) in the last 24 hours. Last trading day, RENEC's trading volume was ر.ع. 1,036.91.
Market cap
$7.93M
24h volume
$2.14K
Circulating supply
35.90M RENEC
Conversion tables
The exchange rate of RENEC is decreasing.1 RENEC is currently valued at ر.ع. 0.08505 OMR , which means buying 5 RENEC will cost ر.ع. 0.4252 OMR . Similarly, ر.ع.1 OMR can be traded for 11.76 RENEC, and ر.ع.50 OMR can be converted to 587.9 RENEC, excluding any platform or gas fees.
The exchange rate of 1 RENEC to Omani Rial has changed by -6.95% in the last 7 days. In the last 24 hours, the rate has fluctuated by -5.10%, reaching a high of 0.08996 OMR and a low of 0.08505 OMR . One month ago, the value of 1 RENEC was ر.ع. 0.1189 OMR , which represents a -28.49% change from its current value. Over the last year, RENEC has changed by , resulting in a change of -32.03% in its value.
-ر.ع.
0.04008OMRRENEC to OMR
Amount
10:55 am today
0.5 RENEC
ر.ع.0.04252
1 RENEC
ر.ع.0.08505
5 RENEC
ر.ع.0.4252
10 RENEC
ر.ع.0.8505
50 RENEC
ر.ع.4.25
100 RENEC
ر.ع.8.5
500 RENEC
ر.ع.42.52
1000 RENEC
ر.ع.85.05
OMR to RENEC
Amount10:55 am today
0.5OMR5.88 RENEC
1OMR11.76 RENEC
5OMR58.79 RENEC
10OMR117.58 RENEC
50OMR587.9 RENEC
100OMR1,175.81 RENEC
500OMR5,879.04 RENEC
1000OMR11,758.07 RENEC
Today vs. 24 hours ago
| Amount | 10:55 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 RENEC | $0.1105 | $0.1164 | -5.10% |
| 1 RENEC | $0.2209 | $0.2328 | -5.10% |
| 5 RENEC | $1.1 | $1.16 | -5.10% |
| 10 RENEC | $2.21 | $2.33 | -5.10% |
| 50 RENEC | $11.05 | $11.64 | -5.10% |
| 100 RENEC | $22.09 | $23.28 | -5.10% |
| 500 RENEC | $110.45 | $116.38 | -5.10% |
| 1000 RENEC | $220.9 | $232.77 | -5.10% |
Today vs. 1 month ago
| Amount | 10:55 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 RENEC | $0.1105 | $0.1545 | -28.49% |
| 1 RENEC | $0.2209 | $0.3089 | -28.49% |
| 5 RENEC | $1.1 | $1.54 | -28.49% |
| 10 RENEC | $2.21 | $3.09 | -28.49% |
| 50 RENEC | $11.05 | $15.45 | -28.49% |
| 100 RENEC | $22.09 | $30.89 | -28.49% |
| 500 RENEC | $110.45 | $154.45 | -28.49% |
| 1000 RENEC | $220.9 | $308.9 | -28.49% |
Today vs. 1 year ago
| Amount | 10:55 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 RENEC | $0.1105 | $0.1625 | -32.03% |
| 1 RENEC | $0.2209 | $0.3250 | -32.03% |
| 5 RENEC | $1.1 | $1.62 | -32.03% |
| 10 RENEC | $2.21 | $3.25 | -32.03% |
| 50 RENEC | $11.05 | $16.25 | -32.03% |
| 100 RENEC | $22.09 | $32.5 | -32.03% |
| 500 RENEC | $110.45 | $162.5 | -32.03% |
| 1000 RENEC | $220.9 | $325 | -32.03% |
RENEC price prediction
What will the price of RENEC be in 2025?
Based on RENEC's historical price performance prediction model, the price of RENEC is projected to reach $0.2634 in 2025.
What will the price of RENEC be in 2030?
In 2030, the RENEC price is expected to change by -10.00%. By the end of 2030, the RENEC price is projected to reach $0.6826, with a cumulative ROI of +186.12%.
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Popular RENEC conversions
Check out these popular currency conversions of RENEC to several fiat currencies.
RENEC to USD
1 RENEC to $ 0.2209 USD
RENEC to GBP
1 RENEC to £ 0.1762 GBP
RENEC to EUR
1 RENEC to € 0.2122 EUR
RENEC to KRW
1 RENEC to ₩ 325.51 KRW
RENEC to CAD
1 RENEC to $ 0.3175 CAD
RENEC to AUD
1 RENEC to $ 0.3556 AUD
RENEC to JPY
1 RENEC to ¥ 34.66 JPY
RENEC to BRL
1 RENEC to R$ 1.37 BRL
RENEC to CNY
1 RENEC to ¥ 1.62 CNY
RENEC to TWD
1 RENEC to NT$ 7.25 TWD
Popular cryptocurrencies to OMR
Explore other cryptocurrencies based on your interest in RENEC.
Bitcoin to OMR
1 BTC to ر.ع. 36,205.32 OMR
Ethereum to OMR
1 ETH to ر.ع. 1,305.92 OMR
XRP to OMR
1 XRP to ر.ع. 0.8002 OMR
Solana to OMR
1 SOL to ر.ع. 74.84 OMR
Sui to OMR
1 SUI to ر.ع. 1.63 OMR
Dogecoin to OMR
1 DOGE to ر.ع. 0.1227 OMR
Pepe to OMR
1 PEPE to ر.ع. 0.{5}7571 OMR
Mines of Dalarnia to OMR
1 DAR to ر.ع. 0.07143 OMR
Solar to OMR
1 SXP to ر.ع. 0.1303 OMR
Aave to OMR
1 AAVE to ر.ع. 121.22 OMR
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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 RENEC and OMR.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as RENEC and OMR. 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 RENEC in OMR, 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.
