CQT
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 Covalent(CQT) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 CQT at a value of 1 CQT for 0.02 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 Covalent currency pair is the CQT to SAR, with for Covalent's currency code being CQT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.
CQT to SAR conversion rate trend
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In the past 1D, Covalent has changed +3.73% to SAR. Based on the trend and price charts, Covalent(CQT) has changed +3.73% to SAR while Saudi Riyal(SAR) has changed % to CQT in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | ر.س0.01684 | 0.0200% / 0.0320%  VIP 7 | |
OKX | ر.س0.5986 | 0.080% / 0.100% | Yes |
Gate.io | ر.س0.5646 | 0.1000% / 0.1000% | Yes |
KuCoin | ر.س0.5821 | 0.1000% / 0.1000% | Yes |
Last updated 2024/07/16 01:00:13(UTC+0)
How to buy Covalent
Create Your Free Bitget Account
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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Covalent (CQT)
Use a variety of payment options to buy Covalent on Bitget. We'll show you how.
Buy CQT (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading does not currently support direct buying of CQT with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy CQT 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 CQT (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading currently does not support direct selling of CQT to SAR. However, you can first exchange CQT 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 Covalent to Saudi Riyal?
Covalent to Saudi Riyal is falling this week.Covalent's current market price is ر.س 0.01620 per CQT, with a total market cap of ر.س 13,873,366.11 SAR based on a circulating supply of 856,175,800 CQT. The trading volume of Covalent has changed by +13.27% (ر.س 11,873.57 SAR) in the last 24 hours. Last trading day, CQT's trading volume was ر.س 89,461.26.
Market cap
$3.70M
24h volume
$27.00K
Circulating supply
856.18M CQT
Conversion tables
The exchange rate of Covalent is decreasing.1 CQT is currently valued at ر.س 0.01620 SAR , which means buying 5 CQT will cost ر.س 0.08102 SAR . Similarly, ر.س1 SAR can be traded for 61.71 CQT, and ر.س50 SAR can be converted to 3,085.68 CQT, excluding any platform or gas fees.
The exchange rate of 1 CQT to Saudi Riyal has changed by -8.62% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.73%, reaching a high of 0.01770 SAR and a low of 0.01560 SAR . One month ago, the value of 1 CQT was ر.س 0.03994 SAR , which represents a -59.43% change from its current value. Over the last year, Covalent has changed by , resulting in a change of -93.95% in its value.
-ر.س
0.2518SARCQT to SAR
Amount
19:01 today
0.5 CQT
ر.س0.008102
1 CQT
ر.س0.01620
5 CQT
ر.س0.08102
10 CQT
ر.س0.1620
50 CQT
ر.س0.8102
100 CQT
ر.س1.62
500 CQT
ر.س8.1
1000 CQT
ر.س16.2
SAR to CQT
Amount19:01 today
0.5SAR30.86 CQT
1SAR61.71 CQT
5SAR308.57 CQT
10SAR617.14 CQT
50SAR3,085.68 CQT
100SAR6,171.36 CQT
500SAR30,856.82 CQT
1000SAR61,713.63 CQT
Today vs. 24 hours ago
| Amount | 19:01 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 CQT | $0.002159 | $0.002081 | +3.73% |
| 1 CQT | $0.004318 | $0.004162 | +3.73% |
| 5 CQT | $0.02159 | $0.02081 | +3.73% |
| 10 CQT | $0.04318 | $0.04162 | +3.73% |
| 50 CQT | $0.2159 | $0.2081 | +3.73% |
| 100 CQT | $0.4318 | $0.4162 | +3.73% |
| 500 CQT | $2.16 | $2.08 | +3.73% |
| 1000 CQT | $4.32 | $4.16 | +3.73% |
Today vs. 1 month ago
| Amount | 19:01 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 CQT | $0.002159 | $0.005321 | -59.43% |
| 1 CQT | $0.004318 | $0.01064 | -59.43% |
| 5 CQT | $0.02159 | $0.05321 | -59.43% |
| 10 CQT | $0.04318 | $0.1064 | -59.43% |
| 50 CQT | $0.2159 | $0.5321 | -59.43% |
| 100 CQT | $0.4318 | $1.06 | -59.43% |
| 500 CQT | $2.16 | $5.32 | -59.43% |
| 1000 CQT | $4.32 | $10.64 | -59.43% |
Today vs. 1 year ago
| Amount | 19:01 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 CQT | $0.002159 | $0.03570 | -93.95% |
| 1 CQT | $0.004318 | $0.07140 | -93.95% |
| 5 CQT | $0.02159 | $0.3570 | -93.95% |
| 10 CQT | $0.04318 | $0.7140 | -93.95% |
| 50 CQT | $0.2159 | $3.57 | -93.95% |
| 100 CQT | $0.4318 | $7.14 | -93.95% |
| 500 CQT | $2.16 | $35.7 | -93.95% |
| 1000 CQT | $4.32 | $71.4 | -93.95% |
Covalent price prediction
What will the price of CQT be in 2025?
Based on CQT's historical price performance prediction model, the price of CQT is projected to reach $0.04138 in 2025.
What will the price of CQT be in 2030?
In 2030, the CQT price is expected to change by -12.00%. By the end of 2030, the CQT price is projected to reach $0.04395, with a cumulative ROI of +883.00%.
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Popular Covalent conversions
Check out these popular currency conversions of Covalent to several fiat currencies.
Covalent to USD
1 CQT to $ 0.004318 USD
Covalent to GBP
1 CQT to £ 0.003300 GBP
Covalent to EUR
1 CQT to € 0.003910 EUR
Covalent to KRW
1 CQT to ₩ 5.8 KRW
Covalent to CAD
1 CQT to $ 0.005854 CAD
Covalent to AUD
1 CQT to $ 0.006482 AUD
Covalent to JPY
1 CQT to ¥ 0.6166 JPY
Covalent to BRL
1 CQT to R$ 0.02413 BRL
Covalent to CNY
1 CQT to ¥ 0.03071 CNY
Covalent to TWD
1 CQT to NT$ 0.1386 TWD
Popular cryptocurrencies to SAR
Explore other cryptocurrencies based on your interest in Covalent.
DOGS to SAR
1 DOGS to ر.س -- SAR
SwissCheese to SAR
1 SWCH to ر.س 1.87 SAR
Bitcoin to SAR
1 BTC to ر.س 212,130.5 SAR
Neiro Ethereum to SAR
1 NEIRO to ر.س 0.6450 SAR
Simon's Cat to SAR
1 CAT to ر.س -- SAR
Toncoin to SAR
1 TON to ر.س 19.4 SAR
Sui to SAR
1 SUI to ر.س 3.47 SAR
Solana to SAR
1 SOL to ر.س 500.14 SAR
Ethereum to SAR
1 ETH to ر.س 8,748.14 SAR
To The Sun to SAR
1 SUNPUMP to ر.س 0.004027 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 Covalent 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 Covalent 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 Covalent 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.
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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.
