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Bitget: Ranked top 4 in global daily trading volume!
BTC market share60.54%
New listings on Bitget:Pi Network
Altcoin season index:0(Bitcoin season)
BTC/USDT$82668.51 (-0.73%)Fear and Greed Index32(Fear)
Total spot Bitcoin ETF netflow -$9M (1D); -$683M (7D).Coins listed in Pre-MarketPAWS,WCTWelcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share60.54%
New listings on Bitget:Pi Network
Altcoin season index:0(Bitcoin season)
BTC/USDT$82668.51 (-0.73%)Fear and Greed Index32(Fear)
Total spot Bitcoin ETF netflow -$9M (1D); -$683M (7D).Coins listed in Pre-MarketPAWS,WCTWelcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
BIFI
SAR
Last updated as of 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 Beefy(BIFI) to Saudi Riyal(SAR). This is the real-time data. The current conversion shows 1 BIFI at a value of 1 BIFI for 708.23 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 Beefy currency pair is the BIFI to SAR, with for Beefy's currency code being BIFI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.
BIFI to SAR conversion rate trend
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In the past 1D, Beefy has changed +1.69% to SAR. Based on the trend and price charts, Beefy(BIFI) has changed +1.69% to SAR while Saudi Riyal(SAR) has changed % to BIFI in the last 24 hours.
BIFI to SAR market statistics
BIFI/SAR:
ر.س 708.23
BIFI 24h volume:
ر.س 1,605,821.39
BIFI market cap:
ر.س 56,658,376.45
BIFI circulating supply:
80.00K BIFI
More info about Beefy on Bitget
Current BIFI to SAR exchange rate
Beefy to Saudi Riyal is rising this week.Beefy's current market price is ر.س 708.23 per BIFI, with a total market cap of ر.س 56,658,376.45 SAR based on a circulating supply of 80,000 BIFI. The trading volume of Beefy has changed by +11.65% (ر.س 167,512.63 SAR) in the last 24 hours. Last trading day, BIFI's trading volume was ر.س 1,438,308.76.
BIFI to SAR Conversion tables
The exchange rate of Beefy is decreasing.1 BIFI is currently valued at ر.س 708.23 SAR , which means buying 5 BIFI will cost ر.س 3,541.15 SAR . Similarly, ر.س1 SAR can be traded for 0.001412 BIFI, and ر.س50 SAR can be converted to 0.07060 BIFI, excluding any platform or gas fees.
The exchange rate of 1 BIFI to Saudi Riyal has changed by +4.93% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.69%, reaching a high of 714.96 SAR and a low of 672.37 SAR . One month ago, the value of 1 BIFI was ر.س 952.69 SAR , which represents a -25.66% change from its current value. Over the last year, Beefy has changed by , resulting in a change of -46.93% in its value.
-ر.س
626.29SARBIFI to SAR
Amount
02:09 am today
0.5 BIFI
ر.س354.11
1 BIFI
ر.س708.23
5 BIFI
ر.س3,541.15
10 BIFI
ر.س7,082.3
50 BIFI
ر.س35,411.48
100 BIFI
ر.س70,822.97
500 BIFI
ر.س354,114.85
1000 BIFI
ر.س708,229.7
SAR to BIFI
Amount02:09 am today
0.5SAR0.0007060 BIFI
1SAR0.001412 BIFI
5SAR0.007060 BIFI
10SAR0.01412 BIFI
50SAR0.07060 BIFI
100SAR0.1412 BIFI
500SAR0.7060 BIFI
1000SAR1.41 BIFI
BIFI to SAR Today vs. 24 hours ago
| Amount | 02:09 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 BIFI | ر.س354.11 | ر.س348.23 | +1.69% |
| 1 BIFI | ر.س708.23 | ر.س696.46 | +1.69% |
| 5 BIFI | ر.س3,541.15 | ر.س3,482.3 | +1.69% |
| 10 BIFI | ر.س7,082.3 | ر.س6,964.59 | +1.69% |
| 50 BIFI | ر.س35,411.48 | ر.س34,822.97 | +1.69% |
| 100 BIFI | ر.س70,822.97 | ر.س69,645.93 | +1.69% |
| 500 BIFI | ر.س354,114.85 | ر.س348,229.67 | +1.69% |
| 1000 BIFI | ر.س708,229.7 | ر.س696,459.34 | +1.69% |
BIFI to SAR Today vs. 1 month ago
| Amount | 02:09 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 BIFI | ر.س354.11 | ر.س476.34 | -25.66% |
| 1 BIFI | ر.س708.23 | ر.س952.69 | -25.66% |
| 5 BIFI | ر.س3,541.15 | ر.س4,763.44 | -25.66% |
| 10 BIFI | ر.س7,082.3 | ر.س9,526.88 | -25.66% |
| 50 BIFI | ر.س35,411.48 | ر.س47,634.41 | -25.66% |
| 100 BIFI | ر.س70,822.97 | ر.س95,268.81 | -25.66% |
| 500 BIFI | ر.س354,114.85 | ر.س476,344.05 | -25.66% |
| 1000 BIFI | ر.س708,229.7 | ر.س952,688.11 | -25.66% |
BIFI to SAR Today vs. 1 year ago
| Amount | 02:09 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 BIFI | ر.س354.11 | ر.س667.26 | -46.93% |
| 1 BIFI | ر.س708.23 | ر.س1,334.51 | -46.93% |
| 5 BIFI | ر.س3,541.15 | ر.س6,672.57 | -46.93% |
| 10 BIFI | ر.س7,082.3 | ر.س13,345.15 | -46.93% |
| 50 BIFI | ر.س35,411.48 | ر.س66,725.74 | -46.93% |
| 100 BIFI | ر.س70,822.97 | ر.س133,451.47 | -46.93% |
| 500 BIFI | ر.س354,114.85 | ر.س667,257.36 | -46.93% |
| 1000 BIFI | ر.س708,229.7 | ر.س1,334,514.71 | -46.93% |
How to convert BIFI to SAR
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Convert BIFI to SAR
Use a variety of payment options to buy Beefy on Bitget. We'll show you how.
Buy BIFI (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading does not currently support direct buying of BIFI with SAR. However, you can buy USDT in Bitget P2P trading first, and then buy BIFI with USDT via Bitget spot market.
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Sell BIFI (or USDT) for SAR (Saudi Riyal) offers
Bitget P2P trading currently does not support direct selling of BIFI to SAR. However, you can first exchange BIFI 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 BIFI to SAR?
There are many factors that affect the relationship between Beefy and Saudi Riyal, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of BIFI/SAR. When there is positive news in the market about the widespread adoption of BIFI or major technological breakthroughs, it tends to trigger market optimism and drive the rise of BIFI/SAR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in BIFI/SAR.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of BIFI/SAR. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Beefy and adjust their investment strategies accordingly in the evolving market.
Beefy price prediction
What will the price of BIFI be in 2026?
Based on BIFI's historical price performance prediction model, the price of BIFI is projected to reach $243.4 in 2026.
What will the price of BIFI be in 2031?
In 2031, the BIFI price is expected to change by +13.00%. By the end of 2031, the BIFI price is projected to reach $375.94, with a cumulative ROI of +107.36%.
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Popular Beefy Converter
Check out these popular currency conversions of Beefy to several fiat currencies.
BIFI to TWD
1 BIFI to NT$ 6,230.93 TWD
BIFI to CNY
1 BIFI to ¥ 1,365.25 CNY
BIFI to USD
1 BIFI to $ 188.83 USD
BIFI to AUD
1 BIFI to $ 296.82 AUD
BIFI to EUR
1 BIFI to € 172.55 EUR
BIFI to CAD
1 BIFI to $ 269.97 CAD
BIFI to SAR
1 BIFI to ر.س 708.21 SAR
BIFI to KRW
1 BIFI to ₩ 273,793.68 KRW
BIFI to JPY
1 BIFI to ¥ 28,205.5 JPY
BIFI to GBP
1 BIFI to £ 145.23 GBP
BIFI to BRL
1 BIFI to R$ 1,071.3 BRL
Popular cryptocurrencies to SAR
Explore other cryptocurrencies based on your interest in Beefy.
PI to SAR
1 PI to ر.س 4.41 SAR
BMT to SAR
1 BMT to ر.س 0.8929 SAR
SOL to SAR
1 SOL to ر.س 467.2 SAR
API3 to SAR
1 API3 to ر.س 3.17 SAR
DYM to SAR
1 DYM to ر.س 1.55 SAR
BTC to SAR
1 BTC to ر.س 310,016.76 SAR
X to SAR
1 X to ر.س 0.0003418 SAR
TRX to SAR
1 TRX to ر.س 0.9105 SAR
LOOM to SAR
1 LOOM to ر.س 0.1985 SAR
AERGO to SAR
1 AERGO to ر.س 0.2870 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 Beefy 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 Beefy 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 Beefy 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.
