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Magpie to Saudi Riyal (MGP to SAR)

MGP to SAR Converter and calculator

MGP/SAR: 1 MGP = 0.04326 SAR. The price of converting 1 Magpie (MGP) to Saudi Riyal (SAR) is 0.04326 SAR today.
MGP
MGP
SAR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MGP to SAR real-time exchange rates, making it easy to convert Magpie (MGP) to Saudi Riyal (SAR). The conversion result is based on real-time data. The conversion result shows that 1 MGP is currently valued at 0.04326 SAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MGP is currently valued at 0.04326 SAR, which means buying 5 MGP would cost 0.2163 SAR. Similarly, ر.س1 SAR can be converted to 23.12 MGP, and ر.س50 SAR can be converted to 115.58 MGP, excluding any platform or gas fees.

Convert MGP to SAR

Convert SAR to MGP

Magpie
Saudi Riyal
1 MGP
0.04326  SAR
Exchange 1 MGP for 0.04326 SAR
2 MGP
0.08652  SAR
Exchange 2 MGP for 0.08652 SAR
5 MGP
0.2163  SAR
Exchange 5 MGP for 0.2163 SAR
10 MGP
0.4326  SAR
Exchange 10 MGP for 0.4326 SAR
20 MGP
0.8652  SAR
Exchange 20 MGP for 0.8652 SAR
50 MGP
2.16  SAR
Exchange 50 MGP for 2.16 SAR
100 MGP
4.33  SAR
Exchange 100 MGP for 4.33 SAR
200 MGP
8.65  SAR
Exchange 200 MGP for 8.65 SAR
500 MGP
21.63  SAR
Exchange 500 MGP for 21.63 SAR
1000 MGP
43.26  SAR
Exchange 1000 MGP for 43.26 SAR
5000 MGP
216.3  SAR
Exchange 5000 MGP for 216.3 SAR
10000 MGP
432.61  SAR
Exchange 10000 MGP for 432.61 SAR
In the table above, you'll find a comprehensive MGP to SAR converter that shows the value of Magpie in Saudi Riyal across commonly used conversion amounts. The list covers conversions from 1 MGP to SAR, all the way up to 10000 MGP, providing a clear view of their respective values.
Saudi Riyal
Magpie
1 SAR
23.12 MGP
Exchange 1 SAR for 23.12 MGP
10 SAR
231.16 MGP
Exchange 10 SAR for 231.16 MGP
50 SAR
1,155.78 MGP
Exchange 50 SAR for 1,155.78 MGP
100 SAR
2,311.55 MGP
Exchange 100 SAR for 2,311.55 MGP
200 SAR
4,623.11 MGP
Exchange 200 SAR for 4,623.11 MGP
500 SAR
11,557.77 MGP
Exchange 500 SAR for 11,557.77 MGP
1000 SAR
23,115.55 MGP
Exchange 1000 SAR for 23,115.55 MGP
2000 SAR
46,231.1 MGP
Exchange 2000 SAR for 46,231.1 MGP
5000 SAR
115,577.74 MGP
Exchange 5000 SAR for 115,577.74 MGP
10000 SAR
231,155.48 MGP
Exchange 10000 SAR for 231,155.48 MGP
50000 SAR
1,155,777.4 MGP
Exchange 50000 SAR for 1,155,777.4 MGP
100000 SAR
2,311,554.79 MGP
Exchange 100000 SAR for 2,311,554.79 MGP
In the table above, you'll find a comprehensive SAR to MGP converter that shows the value of Saudi Riyal in Magpie across commonly used conversion amounts. The list covers conversions from 1 SAR to MGP, all the way up to 100000 SAR, providing a clear view of their respective values.

MGP to SAR chart

MGP/SAR: 1 MGP = 0.04326 SAR; 2025/12/30 21:01:42
In the past 1D, Magpie has changed +0.86% to SAR. Based on the trend and price charts, Magpie(MGP) has changed +0.86% to SAR while Saudi Riyal(SAR) has changed % to MGP in the last 24 hours.
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MGP to SAR conversion data: Volatility and price changes of in SAR

The highest price in SAR over the past 7 days was 0.04730 SAR while the lowest price in SAR over the past 7 days was 0.04154 SAR. The relative change between the highs and lows in price in SAR over the last 7 days indicates a volatility of %. You can view additional volatility data and MGP to SAR prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours Last 7 days Last 30 days Last 90 days
High
0.04351 SAR
0.04730 SAR
0.06096 SAR
0.1064 SAR
Low
0.04289 SAR
0.04154 SAR
0.04154 SAR
0.04154 SAR
Average
0 SAR
0 SAR
0 SAR
0 SAR
Volatility
%
%
%
%
Change
+0.86%
+0.52%
-28.30%
-48.09%

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Magpie information

MGP to SAR market statistics

MGP/SAR:
ر.س0.04326
MGP 24h volume:
ر.س7,187.7
MGP market cap:
ر.س24,571,033.63
MGP circulating supply:
567.97M MGP

Current MGP to SAR exchange rate

Magpie to Saudi Riyal is rising this week.
Magpie's current market price is ر.س0.04326 per MGP, with a total market cap of ر.س24,571,033.63 SAR based on a circulating supply of 567,972,900 MGP. The trading volume of Magpie has changed by +13522.35% (ر.س7,134.93 SAR) in the last 24 hours. Last trading day, MGP's trading volume was ر.س52.76.

More info about Magpie 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 Magpie currency pair is the MGP to SAR, with for Magpie's currency code being MGP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SAR.

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How to convert MGP to SAR

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MGP to SAR Conversion tables

The exchange rate of Magpie is decreasing.
The exchange rate of 1 MGP to Saudi Riyal has changed by +0.52% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.86%, reaching a high of 0.04351 SAR and a low of 0.04289 SAR . One month ago, the value of 1 MGP was ر.س0.06034 SAR , which represents a -28.30% change from its current value. Over the last year, Magpie has changed by
-ر.س
0.4563SAR
, resulting in a change of -91.34% in its value.
24 hours ago1 month ago1 year ago
Amount 21:01 today 24 hours ago 24h change
0.5 MGP
ر.س0.02163ر.س0.02145
+0.86%
1 MGP
ر.س0.04326ر.س0.04289
+0.86%
5 MGP
ر.س0.2163ر.س0.2145
+0.86%
10 MGP
ر.س0.4326ر.س0.4289
+0.86%
50 MGP
ر.س2.16ر.س2.14
+0.86%
100 MGP
ر.س4.33ر.س4.29
+0.86%
500 MGP
ر.س21.63ر.س21.45
+0.86%
1000 MGP
ر.س43.26ر.س42.89
+0.86%

MGP to SAR FAQ

How much is 1 Magpie in SAR?
Right now, the price of 1 Magpie (MGP) in Saudi Riyal (SAR) is ر.س0.04326.
How much MGP can I buy for 1 SAR?
Based on the current exchange rate, you can get 23.12 MGP for 1 SAR.
How do I calculate or convert MGP to SAR?
You can use our MGP to SAR calculator at the top of this page to convert any amount of MGP to SAR. We've also included quick-reference tables for the most popular conversions. For example, 5 SAR is equivalent to 115.58 MGP, while 5 MGP will cost around 0.2163SAR.
What is the highest price of MGP/SAR in history?
The all-time high price of 1 MGP in SAR is ر.س0.7915. It remains to be seen if the value of 1 MGP/SAR will exceed the current all-time high.
What is the price trend of in SAR?
Over the past 7 days, the exchange rate of Magpie (MGP) has gone up by 0.52%.   Over the last month, the exchange rate of Magpie (MGP) has gone down by 28.30% against Saudi Riyal (SAR).

What factors influence the conversion rate of MGP to SAR?

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

Popular exchange rates — Crypto-to-Fiat converter

Bitget crypto-to-fiat exchange data shows the popular Magpie currency pairs: MGP to US Dollar (USD), MGP to Euro (EUR), MGP to Pound Sterling (GBP), MGP to Canadian Dollar (CAD), MGP to Indian Rupee (INR), MGP to Pakistani Rupee (PKR), MGP to Brazilian Real (BRL), MGP to…
The price of Magpie in the US is $0.01154 USD. Additionally, Magpie’s price is €0.009819 EUR in the eurozone, £0.008566 GBP in the UK, C$0.01580 CAD in Canada, ₹1.04 INR in India, ₨3.23 PKR in Pakistan, R$0.06330 BRL in Brazil, and more.
The most popular Magpie currency pair is the MGP to Saudi Riyal(SAR). The price of 1 Magpie (MGP) in Saudi Riyal (SAR) is ر.س0.04326.

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