VELO
SAR
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 Velodrome Finance(VELO) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 VELO at a value of 1 VELO for 0.33 SAR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
SAR 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 Velodrome Finance currency pair is the VELO to SAR, with for Velodrome Finance's currency code being VELO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.
VELO to SAR conversion rate trend
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In the past 1D, Velodrome Finance has changed -0.56% to SAR. Based on the trend and price charts, Velodrome Finance(VELO) has changed -0.56% to SAR while Saudi Riyal(SAR) has changed % to VELO in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | ر.س0.3203 | 0.0200% / 0.0320%  VIP 7 | |
OKX | ر.س0.3202 | 0.080% / 0.100% | Yes |
Gate.io | ر.س0.3210 | 0.1000% / 0.1000% | Yes |
Last updated 2024/11/15 16:00:15(UTC+0)
How to buy Velodrome Finance
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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Velodrome Finance (VELO)
Use a variety of payment options to buy Velodrome Finance on Bitget. We'll show you how.
Learn MoreBuy VELO (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading does not currently support direct buying of VELO with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy VELO with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
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Sell VELO (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading currently does not support direct selling of VELO to SAR. However, you can first exchange VELO for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of Velodrome Finance to Saudi Riyal?
Velodrome Finance to Saudi Riyal is falling this week.Velodrome Finance's current market price is ر.س 0.3261 per VELO, with a total market cap of ر.س 274,683,086.2 SAR based on a circulating supply of 842,217,540 VELO. The trading volume of Velodrome Finance has changed by -15.62% (ر.س -2,035,150.41 SAR) in the last 24 hours. Last trading day, VELO's trading volume was ر.س 13,031,551.4.
Market cap
$73.13M
24h volume
$2.93M
Circulating supply
842.22M VELO
Conversion tables
The exchange rate of Velodrome Finance is decreasing.1 VELO is currently valued at ر.س 0.3261 SAR , which means buying 5 VELO will cost ر.س 1.63 SAR . Similarly, ر.س1 SAR can be traded for 3.07 VELO, and ر.س50 SAR can be converted to 153.31 VELO, excluding any platform or gas fees.
The exchange rate of 1 VELO to Saudi Riyal has changed by -11.95% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.56%, reaching a high of 0.3275 SAR and a low of 0.3151 SAR . One month ago, the value of 1 VELO was ر.س 0.3768 SAR , which represents a -13.45% change from its current value. Over the last year, Velodrome Finance has changed by , resulting in a change of +70.16% in its value.
+ر.س
0.1343SARVELO to SAR
Amount
20:46 today
0.5 VELO
ر.س0.1631
1 VELO
ر.س0.3261
5 VELO
ر.س1.63
10 VELO
ر.س3.26
50 VELO
ر.س16.31
100 VELO
ر.س32.61
500 VELO
ر.س163.07
1000 VELO
ر.س326.14
SAR to VELO
Amount20:46 today
0.5SAR1.53 VELO
1SAR3.07 VELO
5SAR15.33 VELO
10SAR30.66 VELO
50SAR153.31 VELO
100SAR306.61 VELO
500SAR1,533.07 VELO
1000SAR3,066.14 VELO
Today vs. 24 hours ago
| Amount | 20:46 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 VELO | $0.04341 | $0.04366 | -0.56% |
| 1 VELO | $0.08683 | $0.08731 | -0.56% |
| 5 VELO | $0.4341 | $0.4366 | -0.56% |
| 10 VELO | $0.8683 | $0.8731 | -0.56% |
| 50 VELO | $4.34 | $4.37 | -0.56% |
| 100 VELO | $8.68 | $8.73 | -0.56% |
| 500 VELO | $43.41 | $43.66 | -0.56% |
| 1000 VELO | $86.83 | $87.31 | -0.56% |
Today vs. 1 month ago
| Amount | 20:46 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 VELO | $0.04341 | $0.05016 | -13.45% |
| 1 VELO | $0.08683 | $0.1003 | -13.45% |
| 5 VELO | $0.4341 | $0.5016 | -13.45% |
| 10 VELO | $0.8683 | $1 | -13.45% |
| 50 VELO | $4.34 | $5.02 | -13.45% |
| 100 VELO | $8.68 | $10.03 | -13.45% |
| 500 VELO | $43.41 | $50.16 | -13.45% |
| 1000 VELO | $86.83 | $100.31 | -13.45% |
Today vs. 1 year ago
| Amount | 20:46 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 VELO | $0.04341 | $0.02553 | +70.16% |
| 1 VELO | $0.08683 | $0.05107 | +70.16% |
| 5 VELO | $0.4341 | $0.2553 | +70.16% |
| 10 VELO | $0.8683 | $0.5107 | +70.16% |
| 50 VELO | $4.34 | $2.55 | +70.16% |
| 100 VELO | $8.68 | $5.11 | +70.16% |
| 500 VELO | $43.41 | $25.53 | +70.16% |
| 1000 VELO | $86.83 | $51.07 | +70.16% |
Velodrome Finance price prediction
What will the price of VELO be in 2025?
Based on VELO's historical price performance prediction model, the price of VELO is projected to reach $0.09641 in 2025.
What will the price of VELO be in 2030?
In 2030, the VELO price is expected to change by +2.00%. By the end of 2030, the VELO price is projected to reach $0.1999, with a cumulative ROI of +121.06%.
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Popular Velodrome Finance conversions
Check out these popular currency conversions of Velodrome Finance to several fiat currencies.
Velodrome Finance to USD
1 VELO to $ 0.08683 USD
Velodrome Finance to GBP
1 VELO to £ 0.06874 GBP
Velodrome Finance to EUR
1 VELO to € 0.08228 EUR
Velodrome Finance to KRW
1 VELO to ₩ 121.12 KRW
Velodrome Finance to CAD
1 VELO to $ 0.1223 CAD
Velodrome Finance to AUD
1 VELO to $ 0.1343 AUD
Velodrome Finance to JPY
1 VELO to ¥ 13.36 JPY
Velodrome Finance to BRL
1 VELO to R$ 0.5032 BRL
Velodrome Finance to CNY
1 VELO to ¥ 0.6281 CNY
Velodrome Finance to TWD
1 VELO to NT$ 2.82 TWD
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1 PNUT to ر.س 6.76 SAR
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1 SXCH to ر.س 0.1079 SAR
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1 SAI to ر.س -- SAR
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1 ELON to ر.س 0.{6}8327 SAR
Bitcoin to SAR
1 BTC to ر.س 342,573.68 SAR
XRP to SAR
1 XRP to ر.س 3.29 SAR
Act I : The AI Prophecy to SAR
1 ACT to ر.س 2.81 SAR
Solana to SAR
1 SOL to ر.س 805.7 SAR
Sui to SAR
1 SUI to ر.س 12.91 SAR
Merlin Chain to SAR
1 MERL to ر.س 1.05 SAR
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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 Velodrome Finance and SAR.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Velodrome Finance and SAR. 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 Velodrome Finance in SAR, 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.
