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Sommelier to Moldovan Leu Converter and calculator

Convert 1Sommelier (SOMM) to Moldovan Leu (MDL) equals L 0.2360 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Sommelier(SOMM) to Moldovan Leu(MDL). This is the real-time data. The current conversion shows 1 SOMM at a value of 1 SOMM for 0.24 MDL . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

MDL information

About Moldovan Leu (MDL)

The Moldovan Leu (MDL), introduced in 1993, is not just the official currency of Moldova; it represents the country's journey through economic transition and its aspirations for a stable and prosperous future. It is commonly abbreviated as MDL and represented by the symbol L. Emerging after the dissolution of the Soviet Union, the Leu replaced the Soviet Ruble, marking a significant step in Moldova's path towards economic sovereignty and reform.

Historical Background

The introduction of the Moldovan Leu was a crucial element in Moldova's post-Soviet economic restructuring. It symbolized a break from the past and was a critical component in establishing a separate and independent monetary system, aligning with the nation's newfound political independence.

Design and Symbolism

The design of the Moldovan Leu reflects the nation's rich cultural heritage and history. Banknotes and coins feature images of prominent historical figures, significant architectural landmarks, and symbols representing Moldova’s traditional and cultural identity. These designs not only facilitate economic transactions but also serve as a source of national pride and identity.

Economic Role

The Leu plays a critical role in Moldova’s economy, which has been marked by a gradual transition from agriculture-based to more diverse sectors, including manufacturing and services. As the primary medium of exchange, it supports these economic activities, facilitating trade, investment, and everyday financial transactions.

Monetary Policy and Inflation

Managed by the National Bank of Moldova, the Leu has faced challenges such as inflation and currency stability, especially during periods of political and economic uncertainty. The central bank’s monetary policies aim to stabilize the currency, which is crucial for maintaining economic confidence and fostering sustainable growth.

International Trade and the Moldovan Leu

The value of the Leu is important in international trade, particularly for Moldova's exports like wine, fruits, and textiles. A stable Leu is vital for maintaining competitive export prices and attracting foreign direct investment.

Remittances and the Economy

Remittances from Moldovans working abroad, particularly in Russia and EU countries, are a significant source of foreign income. These funds, converted into Lei, play a substantial role in supporting households and contributing to the national economy.

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Bitget crypto-to-fiat exchange data shows that the most popular Sommelier currency pair is the SOMM to MDL, with for Sommelier's currency code being SOMM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MDL.

SOMM to MDL conversion rate trend

1D7D1M3M1YAll
In the past 1D, Sommelier has changed -8.66% to MDL. Based on the trend and price charts, Sommelier(SOMM) has changed -8.66% to MDL while Moldovan Leu(MDL) has changed % to SOMM in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
L0.2359
0.0200% / 0.0320%vip-iconVIP 7
Gate.io
L0.2403
0.1000% / 0.1000%
Yes
Last updated 2024/12/23 00:00:19(UTC+0)

How to buy Sommelier

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Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Buy Sommelier (SOMM)
Use a variety of payment options to buy Sommelier on Bitget. We'll show you how.

Buy SOMM (or USDT) for MDL (Moldovan Leu) offers

Bitget P2P trading does not currently support direct buying of SOMM with MDL. However, you can buy USDT in Bitget P2P trading first, and then buy SOMM with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
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Sell SOMM (or USDT) for MDL (Moldovan Leu) offers

Bitget P2P trading currently does not support direct selling of SOMM to MDL. However, you can first exchange SOMM for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
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What factors influence the conversion rate of Sommelier to Moldovan Leu?

Sommelier to Moldovan Leu is falling this week.
Sommelier's current market price is L 0.2360 per SOMM, with a total market cap of L 0 MDL based on a circulating supply of -- SOMM. The trading volume of Sommelier has changed by -1.23% (L -128,370.38 MDL) in the last 24 hours. Last trading day, SOMM's trading volume was L 10,439,162.49.
Market cap
$0
24h volume
$561.74K
Circulating supply
0 SOMM

Conversion tables

The exchange rate of Sommelier is decreasing.
1 SOMM is currently valued at L 0.2360 MDL , which means buying 5 SOMM will cost L 1.18 MDL . Similarly, L1 MDL can be traded for 4.24 SOMM, and L50 MDL can be converted to 211.82 SOMM, excluding any platform or gas fees.
The exchange rate of 1 SOMM to Moldovan Leu has changed by -45.95% in the last 7 days. In the last 24 hours, the rate has fluctuated by -8.66%, reaching a high of 0.3488 MDL and a low of 0.2297 MDL . One month ago, the value of 1 SOMM was L 0.4001 MDL , which represents a -41.02% change from its current value. Over the last year, Sommelier has changed by
-L
5.6MDL
, resulting in a change of -95.96% in its value.

SOMM to MDL

Amount
02:29 am today
0.5 SOMM
L0.1180
1 SOMM
L0.2360
5 SOMM
L1.18
10 SOMM
L2.36
50 SOMM
L11.8
100 SOMM
L23.6
500 SOMM
L118.02
1000 SOMM
L236.05

MDL to SOMM

Amount02:29 am today
0.5MDL2.12  SOMM
1MDL4.24  SOMM
5MDL21.18  SOMM
10MDL42.36  SOMM
50MDL211.82  SOMM
100MDL423.64  SOMM
500MDL2,118.2  SOMM
1000MDL4,236.39  SOMM

Today vs. 24 hours ago

Amount02:29 am today24 hours ago24h change
0.5 SOMM$0.006430$0.007039
-8.66%
1 SOMM$0.01286$0.01408
-8.66%
5 SOMM$0.06430$0.07039
-8.66%
10 SOMM$0.1286$0.1408
-8.66%
50 SOMM$0.6430$0.7039
-8.66%
100 SOMM$1.29$1.41
-8.66%
500 SOMM$6.43$7.04
-8.66%
1000 SOMM$12.86$14.08
-8.66%

Today vs. 1 month ago

Amount02:29 am today1 month ago1M change
0.5 SOMM$0.006430$0.01090
-41.02%
1 SOMM$0.01286$0.02180
-41.02%
5 SOMM$0.06430$0.1090
-41.02%
10 SOMM$0.1286$0.2180
-41.02%
50 SOMM$0.6430$1.09
-41.02%
100 SOMM$1.29$2.18
-41.02%
500 SOMM$6.43$10.9
-41.02%
1000 SOMM$12.86$21.8
-41.02%

Today vs. 1 year ago

Amount02:29 am today1 year ago1Y change
0.5 SOMM$0.006430$0.1591
-95.96%
1 SOMM$0.01286$0.3181
-95.96%
5 SOMM$0.06430$1.59
-95.96%
10 SOMM$0.1286$3.18
-95.96%
50 SOMM$0.6430$15.91
-95.96%
100 SOMM$1.29$31.81
-95.96%
500 SOMM$6.43$159.07
-95.96%
1000 SOMM$12.86$318.13
-95.96%

Sommelier price prediction

What will the price of SOMM be in 2025?

Based on SOMM's historical price performance prediction model, the price of SOMM is projected to reach $0.05963 in 2025.

What will the price of SOMM be in 2030?

In 2030, the SOMM price is expected to change by +2.00%. By the end of 2030, the SOMM price is projected to reach $0.08357, with a cumulative ROI of +454.74%.

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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 Sommelier and MDL.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Sommelier and MDL. 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 Sommelier in MDL, 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.