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Omax Coin to Omani Rial Converter and calculator

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Convert 1Omax Coin (OMAX) to Omani Rial (OMR) equals ر.ع. 0.0001243 | Bitget
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Last updated as of 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 Omax Coin(OMAX) to Omani Rial(OMR). This is the real-time data. The current conversion shows 1 OMAX at a value of 1 OMAX for 0.00 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.

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

OMAX to OMR conversion rate trend

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In the past 1D, Omax Coin has changed -3.06% to OMR. Based on the trend and price charts, Omax Coin(OMAX) has changed -3.06% to OMR while Omani Rial(OMR) has changed % to OMAX in the last 24 hours.

OMAX to OMR market statistics

OMAX/OMR:
ر.ع. 0.0001243
OMAX 24h volume:
ر.ع. 180,230.45
OMAX market cap:
ر.ع. 1,077,825.33
OMAX circulating supply:
8.67B OMAX

Current OMAX to OMR exchange rate

Omax Coin to Omani Rial is rising this week.
Omax Coin's current market price is ر.ع. 0.0001243 per OMAX, with a total market cap of ر.ع. 1,077,825.33 OMR based on a circulating supply of 8,667,997,000 OMAX. The trading volume of Omax Coin has changed by -0.09% (ر.ع. -153.51 OMR) in the last 24 hours. Last trading day, OMAX's trading volume was ر.ع. 180,383.95.

OMAX to OMR Conversion tables

The exchange rate of Omax Coin is decreasing.
1 OMAX is currently valued at ر.ع. 0.0001243 OMR , which means buying 5 OMAX will cost ر.ع. 0.0006217 OMR . Similarly, ر.ع.1 OMR can be traded for 8,042.12 OMAX, and ر.ع.50 OMR can be converted to 402,105.82 OMAX, excluding any platform or gas fees.
The exchange rate of 1 OMAX to Omani Rial has changed by +10.67% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.06%, reaching a high of 0.0001319 OMR and a low of 0.0001219 OMR . One month ago, the value of 1 OMAX was ر.ع. 0.0001342 OMR , which represents a -7.37% change from its current value. Over the last year, Omax Coin has changed by
-ر.ع.
0.0004162OMR
, resulting in a change of -76.99% in its value.

OMAX to OMR

Amount
16:50 today
0.5 OMAX
ر.ع.0.{4}6217
1 OMAX
ر.ع.0.0001243
5 OMAX
ر.ع.0.0006217
10 OMAX
ر.ع.0.001243
50 OMAX
ر.ع.0.006217
100 OMAX
ر.ع.0.01243
500 OMAX
ر.ع.0.06217
1000 OMAX
ر.ع.0.1243

OMR to OMAX

Amount16:50 today
0.5OMR4,021.06  OMAX
1OMR8,042.12  OMAX
5OMR40,210.58  OMAX
10OMR80,421.16  OMAX
50OMR402,105.82  OMAX
100OMR804,211.64  OMAX
500OMR4,021,058.18  OMAX
1000OMR8,042,116.35  OMAX
Buy OMAX now

OMAX to OMR Today vs. 24 hours ago

Amount16:50 today24 hours ago24h change
0.5 OMAXر.ع.0.{4}6217ر.ع.0.{4}6414
-3.06%
1 OMAXر.ع.0.0001243ر.ع.0.0001283
-3.06%
5 OMAXر.ع.0.0006217ر.ع.0.0006414
-3.06%
10 OMAXر.ع.0.001243ر.ع.0.001283
-3.06%
50 OMAXر.ع.0.006217ر.ع.0.006414
-3.06%
100 OMAXر.ع.0.01243ر.ع.0.01283
-3.06%
500 OMAXر.ع.0.06217ر.ع.0.06414
-3.06%
1000 OMAXر.ع.0.1243ر.ع.0.1283
-3.06%

OMAX to OMR Today vs. 1 month ago

Amount16:50 today1 month ago1M change
0.5 OMAXر.ع.0.{4}6217ر.ع.0.{4}6712
-7.37%
1 OMAXر.ع.0.0001243ر.ع.0.0001342
-7.37%
5 OMAXر.ع.0.0006217ر.ع.0.0006712
-7.37%
10 OMAXر.ع.0.001243ر.ع.0.001342
-7.37%
50 OMAXر.ع.0.006217ر.ع.0.006712
-7.37%
100 OMAXر.ع.0.01243ر.ع.0.01342
-7.37%
500 OMAXر.ع.0.06217ر.ع.0.06712
-7.37%
1000 OMAXر.ع.0.1243ر.ع.0.1342
-7.37%

OMAX to OMR Today vs. 1 year ago

Amount16:50 today1 year ago1Y change
0.5 OMAXر.ع.0.{4}6217ر.ع.0.0002702
-76.99%
1 OMAXر.ع.0.0001243ر.ع.0.0005405
-76.99%
5 OMAXر.ع.0.0006217ر.ع.0.002702
-76.99%
10 OMAXر.ع.0.001243ر.ع.0.005405
-76.99%
50 OMAXر.ع.0.006217ر.ع.0.02702
-76.99%
100 OMAXر.ع.0.01243ر.ع.0.05405
-76.99%
500 OMAXر.ع.0.06217ر.ع.0.2702
-76.99%
1000 OMAXر.ع.0.1243ر.ع.0.5405
-76.99%

How to convert OMAX to OMR

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Convert OMAX to OMR
Use a variety of payment options to buy Omax Coin on Bitget. We'll show you how.

Buy OMAX (or USDT) for OMR (Omani Rial) offers

Bitget P2P trading does not currently support direct buying of OMAX with OMR. However, you can buy USDT in Bitget P2P trading first, and then buy OMAX with USDT via Bitget spot market.
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Low to high
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Sell OMAX (or USDT) for OMR (Omani Rial) offers

Bitget P2P trading currently does not support direct selling of OMAX to OMR. However, you can first exchange OMAX 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
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What factors influence the conversion rate of OMAX to OMR?

There are many factors that affect the relationship between Omax Coin and Omani Rial, 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 OMAX/OMR. When there is positive news in the market about the widespread adoption of OMAX or major technological breakthroughs, it tends to trigger market optimism and drive the rise of OMAX/OMR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in OMAX/OMR.
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 OMAX/OMR. 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 Omax Coin and adjust their investment strategies accordingly in the evolving market.

Omax Coin price prediction

What will the price of OMAX be in 2026?

Based on OMAX's historical price performance prediction model, the price of OMAX is projected to reach $0.0004059 in 2026.

What will the price of OMAX be in 2031?

In 2031, the OMAX price is expected to change by -5.00%. By the end of 2031, the OMAX price is projected to reach $0.0006594, with a cumulative ROI of +95.90%.

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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 Omax Coin 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 Omax Coin 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 Omax Coin 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.