Bitget converter provides SPONGE to QAR real-time exchange rates, making it easy to convert SPONGE (SPONGE) to Qatari Rial (QAR). The conversion result is based on real-time data. The conversion result shows that 1 SPONGE is currently valued at 0.{4}2236 QAR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 SPONGE is currently valued at 0.{4}2236 QAR, which means buying 5 SPONGE would cost 0.0001118 QAR. Similarly, ر.ق1 QAR can be converted to 44,728.6 SPONGE, and ر.ق50 QAR can be converted to 223,642.99 SPONGE, excluding any platform or gas fees.
Conversion rates
Convert SPONGE to QAR
Convert QAR to SPONGE
SPONGE
Qatari Rial
1 SPONGE
0.{4}2236 QAR
Exchange 1 SPONGE for 0.{4}2236 QAR
2 SPONGE
0.{4}4471 QAR
Exchange 2 SPONGE for 0.{4}4471 QAR
5 SPONGE
0.0001118 QAR
Exchange 5 SPONGE for 0.0001118 QAR
10 SPONGE
0.0002236 QAR
Exchange 10 SPONGE for 0.0002236 QAR
20 SPONGE
0.0004471 QAR
Exchange 20 SPONGE for 0.0004471 QAR
50 SPONGE
0.001118 QAR
Exchange 50 SPONGE for 0.001118 QAR
100 SPONGE
0.002236 QAR
Exchange 100 SPONGE for 0.002236 QAR
200 SPONGE
0.004471 QAR
Exchange 200 SPONGE for 0.004471 QAR
500 SPONGE
0.01118 QAR
Exchange 500 SPONGE for 0.01118 QAR
1000 SPONGE
0.02236 QAR
Exchange 1000 SPONGE for 0.02236 QAR
5000 SPONGE
0.1118 QAR
Exchange 5000 SPONGE for 0.1118 QAR
10000 SPONGE
0.2236 QAR
Exchange 10000 SPONGE for 0.2236 QAR
In the table above, you'll find a comprehensive SPONGE to QAR converter that shows the value of SPONGE in Qatari Rial across commonly used conversion amounts. The list covers conversions from 1 SPONGE to QAR, all the way up to 10000 SPONGE, providing a clear view of their respective values.
Qatari Rial
SPONGE
1 QAR
44,728.6 SPONGE
Exchange 1 QAR for 44,728.6 SPONGE
10 QAR
447,285.97 SPONGE
Exchange 10 QAR for 447,285.97 SPONGE
50 QAR
2,236,429.87 SPONGE
Exchange 50 QAR for 2,236,429.87 SPONGE
100 QAR
4,472,859.74 SPONGE
Exchange 100 QAR for 4,472,859.74 SPONGE
200 QAR
8,945,719.48 SPONGE
Exchange 200 QAR for 8,945,719.48 SPONGE
500 QAR
22,364,298.71 SPONGE
Exchange 500 QAR for 22,364,298.71 SPONGE
1000 QAR
44,728,597.42 SPONGE
Exchange 1000 QAR for 44,728,597.42 SPONGE
2000 QAR
89,457,194.84 SPONGE
Exchange 2000 QAR for 89,457,194.84 SPONGE
5000 QAR
223,642,987.09 SPONGE
Exchange 5000 QAR for 223,642,987.09 SPONGE
10000 QAR
447,285,974.18 SPONGE
Exchange 10000 QAR for 447,285,974.18 SPONGE
50000 QAR
2,236,429,870.92 SPONGE
Exchange 50000 QAR for 2,236,429,870.92 SPONGE
100000 QAR
4,472,859,741.83 SPONGE
Exchange 100000 QAR for 4,472,859,741.83 SPONGE
In the table above, you'll find a comprehensive QAR to SPONGE converter that shows the value of Qatari Rial in SPONGE across commonly used conversion amounts. The list covers conversions from 1 QAR to SPONGE, all the way up to 100000 QAR, providing a clear view of their respective values.
In the past 1D, SPONGE has changed +1.81% to QAR. Based on the trend and price charts, SPONGE(SPONGE) has changed +1.81% to QAR while Qatari Rial(QAR) has changed % to SPONGE in the last 24 hours.
1D7D1M3M1YAll
SPONGE to QAR conversion data: Volatility and price changes of SPONGE in QAR
The highest SPONGE price in QAR over the past 7 days was 0.{4}2433 QAR while the lowest SPONGE price in QAR over the past 7 days was 0.{4}2003 QAR. The relative change between the highs and lows in SPONGE price in QAR over the last 7 days indicates a volatility of %. You can view additional volatility data and SPONGE to QAR prices for the past 24 hours, 30 days, and 90 days in the table above.
SPONGE's current market price is ر.ق0.{4}2236 per SPONGE, with a total market cap of ر.ق0 QAR based on a circulating supply of -- SPONGE. The trading volume of SPONGE has changed by +216.70% (ر.ق15,260.57 QAR) in the last 24 hours. Last trading day, SPONGE's trading volume was ر.ق7,042.16.
The introduction of the Qatari Rial was a crucial step in Qatar's journey towards economic self-sufficiency and sovereignty. The currency's establishment coincided with the rapid development of Qatar's oil and gas sectors, propelling the nation into economic prominence. The Rial symbolized not only a new monetary system but also Qatar's emergence as a significant player in the global economy.
Design and Symbolism
The design of the Qatari Rial is a reflection of Qatar's rich history and cultural identity. Banknotes feature imagery of the Qatari flag, traditional dhow boats, and prominent landmarks like the Museum of Islamic Art. These designs serve not only as a medium for financial transactions but also as symbols of Qatar's blend of tradition and modernity, showcasing its journey from a pearling economy to a global energy powerhouse.
Economic Role
The Qatari Rial plays a central role in the nation’s economy, underpinned by one of the world’s largest reserves of oil and natural gas. The currency is instrumental in facilitating trade, both domestically and internationally, and supports various sectors including finance, construction, and a growing service industry.
Monetary Policy and Stability
Managed by the Qatar Central Bank, the Rial is pegged to the US Dollar, reflecting the economic relationship between Qatar and the United States, particularly in the oil sector. This peg provides stability to the Rial, crucial in an economy heavily reliant on hydrocarbon exports, and helps to manage inflation.
International Trade and the Qatari Rial
The stability of the Qatari Rial is vital in international trade, particularly for Qatar's exports of liquefied natural gas (LNG) and petroleum products. A stable Rial is essential for maintaining competitive pricing in global markets and for attracting foreign investment in various sectors.
Bitget crypto-to-fiat exchange data shows that the most popular SPONGE currency pair is the SPONGE to QAR, with for SPONGE's currency code being SPONGE. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for QAR.
The exchange rate of 1 SPONGE to Qatari Rial has changed by +9.46% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.81%, reaching a high of 0.{4}2433 QAR and a low of 0.{4}2147 QAR . One month ago, the value of 1 SPONGE was ر.ق0.{4}2284 QAR , which represents a -2.11% change from its current value. Over the last year, SPONGE has changed by
-ر.ق
0.0002703QAR
, resulting in a change of -92.36% in its value.
24 hours ago1 month ago1 year ago
Amount
22:08 today
24 hours ago
24h change
0.5 SPONGE
ر.ق0.{4}1118
ر.ق0.{4}1098
+1.81%
1 SPONGE
ر.ق0.{4}2236
ر.ق0.{4}2196
+1.81%
5 SPONGE
ر.ق0.0001118
ر.ق0.0001098
+1.81%
10 SPONGE
ر.ق0.0002236
ر.ق0.0002196
+1.81%
50 SPONGE
ر.ق0.001118
ر.ق0.001098
+1.81%
100 SPONGE
ر.ق0.002236
ر.ق0.002196
+1.81%
500 SPONGE
ر.ق0.01118
ر.ق0.01098
+1.81%
1000 SPONGE
ر.ق0.02236
ر.ق0.02196
+1.81%
SPONGE to QAR FAQ
How much is 1 SPONGE in QAR?
Right now, the price of 1 SPONGE (SPONGE) in Qatari Rial (QAR) is ر.ق0.{4}2236.
How much SPONGE can I buy for 1 QAR?
Based on the current exchange rate, you can get 44,728.6 SPONGE for 1 QAR.
How do I calculate or convert SPONGE to QAR?
You can use our SPONGE to QAR calculator at the top of this page to convert any amount of SPONGE to QAR. We've also included quick-reference tables for the most popular conversions. For example, 5 QAR is equivalent to 223,642.99 SPONGE, while 5 SPONGE will cost around 0.0001118QAR.
What is the highest price of SPONGE/QAR in history?
The all-time high price of 1 SPONGE in QAR is ر.ق0.01536. It remains to be seen if the value of 1 SPONGE/QAR will exceed the current all-time high.
What is the price trend of SPONGE in QAR?
Over the past 7 days, the exchange rate of SPONGE (SPONGE) has gone up by 9.46%.
Over the last month, the exchange rate of SPONGE (SPONGE) has gone down by 2.11% against Qatari Rial (QAR).
What factors influence the conversion rate of SPONGE to QAR?
There are many factors that affect the relationship between SPONGE and Qatari 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 SPONGE/QAR. When there is positive news in the market about the widespread adoption of SPONGE or major technological breakthroughs, it tends to trigger market optimism and drive the rise of SPONGE/QAR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in SPONGE/QAR.
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 SPONGE/QAR. 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 SPONGE and adjust their investment strategies accordingly in the evolving market.
Bitget crypto-to-fiat exchange data shows the popular SPONGE currency pairs: SPONGE to US Dollar (USD), SPONGE to Euro (EUR), SPONGE to Pound Sterling (GBP), SPONGE to Canadian Dollar (CAD), SPONGE to Indian Rupee (INR), SPONGE to Pakistani Rupee (PKR), SPONGE to Brazilian Real (BRL), SPONGE to… The price of SPONGE in the US is $0.{5}6139 USD. Additionally, SPONGE’s price is €0.{5}5303 EUR in the eurozone, £0.{5}4618 GBP in the UK, C$0.{5}8456 CAD in Canada, ₹0.0005385 INR in India, ₨0.001739 PKR in Pakistan, R$0.{4}3379 BRL in Brazil, and more. The most popular SPONGE currency pair is the SPONGE to Qatari Rial(QAR). The price of 1 SPONGE (SPONGE) in Qatari Rial (QAR) is ر.ق0.{4}2236.
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.