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COVAL to SAR Converter and calculator

COVAL/SAR: 1 COVAL = 0.002936 SAR. The price of converting 1 Circuits of Value (COVAL) to Saudi Riyal (SAR) is 0.002936 SAR today.
COVAL
COVAL
SAR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides COVAL to SAR real-time exchange rates, making it easy to convert Circuits of Value (COVAL) to Saudi Riyal (SAR). The conversion result is based on real-time data. The conversion result shows that 1 COVAL is currently valued at 0.00 SAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 COVAL is currently valued at 0.00 SAR, which means buying 5 COVAL would cost 0.01 SAR. Similarly, ر.س1 SAR can be converted to 340.58 COVAL, and ر.س50 SAR can be converted to 1,702.89 COVAL, excluding any platform or gas fees.

Convert COVAL to SAR

Convert SAR to COVAL

Circuits of Value
Saudi Riyal
1 COVAL
0.002936  SAR
2 COVAL
0.005872  SAR
10 COVAL
0.02936  SAR
20 COVAL
0.05872  SAR
100 COVAL
0.2936  SAR
200 COVAL
0.5872  SAR
5000 COVAL
14.68  SAR
10000 COVAL
29.36  SAR
In the table above, you'll find a comprehensive COVAL to SAR converter that shows the value of Circuits of Value in Saudi Riyal across commonly used conversion amounts. The list covers conversions from 1 COVAL to SAR, all the way up to 10000 COVAL, providing a clear view of their respective values.
Saudi Riyal
Circuits of Value
100 SAR
34,057.81 COVAL
200 SAR
68,115.63 COVAL
500 SAR
170,289.06 COVAL
1000 SAR
340,578.13 COVAL
2000 SAR
681,156.25 COVAL
5000 SAR
1,702,890.63 COVAL
10000 SAR
3,405,781.25 COVAL
50000 SAR
17,028,906.25 COVAL
100000 SAR
34,057,812.51 COVAL
In the table above, you'll find a comprehensive SAR to COVAL converter that shows the value of Saudi Riyal in Circuits of Value across commonly used conversion amounts. The list covers conversions from 1 SAR to COVAL, all the way up to 100000 SAR, providing a clear view of their respective values.

COVAL to SAR chart

COVAL/SAR: 1 COVAL = 0.002936 SAR; 2025/04/28 17:42:46
In the past 1D, Circuits of Value has changed -0.80% to SAR. Based on the trend and price charts, Circuits of Value(COVAL) has changed -0.80% to SAR while Saudi Riyal(SAR) has changed % to COVAL in the last 24 hours.
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COVAL to SAR conversion data: Volatility and price changes of Circuits of Value in SAR

The highest Circuits of Value price in SAR over the past 7 days was 0.003232 SAR while the lowest Circuits of Value price in SAR over the past 7 days was 0.002479 SAR. The relative change between the highs and lows in Circuits of Value price in SAR over the last 7 days indicates a volatility of %. You can view additional volatility data and COVAL to SAR prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.003030 SAR
0.003232 SAR
0.003232 SAR
0.007493 SAR
Low
0.002757 SAR
0.002479 SAR
0.002155 SAR
0.001931 SAR
Average
0 SAR
0 SAR
0 SAR
0 SAR
Volatility
%
%
%
%
Change
-0.80%
+6.98%
+7.12%
-33.50%

Circuits of Value information

COVAL to SAR market statistics

COVAL/SAR:
ر.س0.002936
COVAL 24h volume:
ر.س96,688.71
COVAL market cap:
ر.س5,240,614.12
COVAL circulating supply:
1.78B COVAL

Current COVAL to SAR exchange rate

Circuits of Value to Saudi Riyal is rising this week.
Circuits of Value's current market price is ر.س0.002936 per COVAL, with a total market cap of ر.س5,240,614.12 SAR based on a circulating supply of 1,784,838,500 COVAL. The trading volume of Circuits of Value has changed by +4.21% (ر.س3,909.97 SAR) in the last 24 hours. Last trading day, COVAL's trading volume was ر.س92,778.74.

More info about Circuits of Value on Bitget

Saudi Riyal 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 Circuits of Value currency pair is the COVAL to SAR, with for Circuits of Value's currency code being COVAL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.

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How to convert COVAL to SAR

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COVAL to SAR Conversion tables

The exchange rate of Circuits of Value is increasing.
The exchange rate of 1 COVAL to Saudi Riyal has changed by +6.98% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.80%, reaching a high of 0.003030 SAR and a low of 0.002757 SAR . One month ago, the value of 1 COVAL was ر.س0.002741 SAR , which represents a +7.12% change from its current value. Over the last year, Circuits of Value has changed by
-ر.س
0.08563SAR
, resulting in a change of -96.68% in its value.
24 hours ago1 month ago1 year ago
Amount17:42 today24 hours ago24h change
0.5 COVALر.س0.001468ر.س0.001480
-0.80%
1 COVALر.س0.002936ر.س0.002960
-0.80%
5 COVALر.س0.01468ر.س0.01480
-0.80%
10 COVALر.س0.02936ر.س0.02960
-0.80%
50 COVALر.س0.1468ر.س0.1480
-0.80%
100 COVALر.س0.2936ر.س0.2960
-0.80%
500 COVALر.س1.47ر.س1.48
-0.80%
1000 COVALر.س2.94ر.س2.96
-0.80%

COVAL to SAR FAQ

How much is 1 Circuits of Value in SAR?
Right now, the price of 1 Circuits of Value (COVAL) in Saudi Riyal (SAR) is ر.س0.002936.
How much COVAL can I buy for 1 SAR?
Based on the current exchange rate, you can get 340.58 COVAL for 1 SAR.
How do I calculate or convert COVAL to SAR?
You can use our COVAL to SAR calculator at the top of this page to convert any amount of COVAL to SAR. We've also included quick-reference tables for the most popular conversions. For example, 5 SAR is equivalent to 1,702.89 COVAL, while 5 COVAL will cost around 0.01468SAR.
What is the highest price of COVAL/SAR in history?
The all-time high price of 1 COVAL in SAR is ر.س498.94. It remains to be seen if the value of 1 COVAL/SAR will exceed the current all-time high.
What is the price trend of Circuits of Value in SAR?
Over the past 7 days, the exchange rate of Circuits of Value (COVAL) has gone up by 6.98%.   Over the last month, the exchange rate of Circuits of Value (COVAL) has gone up by 7.12% against Saudi Riyal (SAR).

What factors influence the conversion rate of COVAL to SAR?

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

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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.