SOMM
QAR
Last updated 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 Sommelier(SOMM) to Qatari Rial(QAR). This is the real-time data. The current conversion shows 1 SOMM at a value of 1 SOMM for 0.08 QAR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
QAR information
About Qatari Rial (QAR)
The Qatari Rial (QAR), introduced in 1973, is more than just the official currency of Qatar; it is a testament to the nation's economic growth, wealth, and cultural heritage. It is commonly abbreviated as QAR and represented by the symbol ر.ق. Emerging after Qatar gained independence from the British, the Rial replaced the Qatar and Dubai Riyal and marked a new chapter in the country's burgeoning financial landscape.
Historical Background
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 Sommelier currency pair is the SOMM to QAR, with for Sommelier's currency code being SOMM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for QAR.
SOMM to QAR conversion rate trend
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In the past 1D, Sommelier has changed +6.69% to QAR. Based on the trend and price charts, Sommelier(SOMM) has changed +6.69% to QAR while Qatari Rial(QAR) has changed % to SOMM in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | ر.ق0.08124 | 0.0200% / 0.0320%  VIP 7 | |
Gate.io | ر.ق0.08019 | 0.1000% / 0.1000% | Yes |
Last updated 2024/11/22 00:00:21(UTC+0)
How to buy Sommelier
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Sommelier (SOMM)
Use a variety of payment options to buy Sommelier on Bitget. We'll show you how.
Buy SOMM (or USDT) for QAR (Qatari Rial) offers
Bitget P2P trading does not currently support direct buying of SOMM with QAR. However, you can buy USDT in Bitget P2P trading first, and then buy SOMM with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
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Sell SOMM (or USDT) for QAR (Qatari Rial) offers
Bitget P2P trading currently does not support direct selling of SOMM to QAR. However, you can first exchange SOMM for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of Sommelier to Qatari Rial?
Sommelier to Qatari Rial is rising this week.Sommelier's current market price is ر.ق 0.08119 per SOMM, with a total market cap of ر.ق 0 QAR based on a circulating supply of -- SOMM. The trading volume of Sommelier has changed by -4.24% (ر.ق -93,291.78 QAR) in the last 24 hours. Last trading day, SOMM's trading volume was ر.ق 2,198,514.95.
Market cap
$0
24h volume
$578.09K
Circulating supply
0 SOMM
Conversion tables
The exchange rate of Sommelier is increasing.1 SOMM is currently valued at ر.ق 0.08119 QAR , which means buying 5 SOMM will cost ر.ق 0.4060 QAR . Similarly, ر.ق1 QAR can be traded for 12.32 SOMM, and ر.ق50 QAR can be converted to 615.83 SOMM, excluding any platform or gas fees.
The exchange rate of 1 SOMM to Qatari Rial has changed by +47.51% in the last 7 days. In the last 24 hours, the rate has fluctuated by +6.69%, reaching a high of 0.08133 QAR and a low of 0.07529 QAR . One month ago, the value of 1 SOMM was ر.ق 0.06199 QAR , which represents a +30.98% change from its current value. Over the last year, Sommelier has changed by , resulting in a change of -86.95% in its value.
-ر.ق
0.5409QARSOMM to QAR
Amount
02:35 am today
0.5 SOMM
ر.ق0.04060
1 SOMM
ر.ق0.08119
5 SOMM
ر.ق0.4060
10 SOMM
ر.ق0.8119
50 SOMM
ر.ق4.06
100 SOMM
ر.ق8.12
500 SOMM
ر.ق40.6
1000 SOMM
ر.ق81.19
QAR to SOMM
Amount02:35 am today
0.5QAR6.16 SOMM
1QAR12.32 SOMM
5QAR61.58 SOMM
10QAR123.17 SOMM
50QAR615.83 SOMM
100QAR1,231.66 SOMM
500QAR6,158.32 SOMM
1000QAR12,316.63 SOMM
Today vs. 24 hours ago
| Amount | 02:35 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 SOMM | $0.01115 | $0.01045 | +6.69% |
| 1 SOMM | $0.02229 | $0.02090 | +6.69% |
| 5 SOMM | $0.1115 | $0.1045 | +6.69% |
| 10 SOMM | $0.2229 | $0.2090 | +6.69% |
| 50 SOMM | $1.11 | $1.04 | +6.69% |
| 100 SOMM | $2.23 | $2.09 | +6.69% |
| 500 SOMM | $11.15 | $10.45 | +6.69% |
| 1000 SOMM | $22.29 | $20.9 | +6.69% |
Today vs. 1 month ago
| Amount | 02:35 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 SOMM | $0.01115 | $0.008511 | +30.98% |
| 1 SOMM | $0.02229 | $0.01702 | +30.98% |
| 5 SOMM | $0.1115 | $0.08511 | +30.98% |
| 10 SOMM | $0.2229 | $0.1702 | +30.98% |
| 50 SOMM | $1.11 | $0.8511 | +30.98% |
| 100 SOMM | $2.23 | $1.7 | +30.98% |
| 500 SOMM | $11.15 | $8.51 | +30.98% |
| 1000 SOMM | $22.29 | $17.02 | +30.98% |
Today vs. 1 year ago
| Amount | 02:35 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 SOMM | $0.01115 | $0.08541 | -86.95% |
| 1 SOMM | $0.02229 | $0.1708 | -86.95% |
| 5 SOMM | $0.1115 | $0.8541 | -86.95% |
| 10 SOMM | $0.2229 | $1.71 | -86.95% |
| 50 SOMM | $1.11 | $8.54 | -86.95% |
| 100 SOMM | $2.23 | $17.08 | -86.95% |
| 500 SOMM | $11.15 | $85.41 | -86.95% |
| 1000 SOMM | $22.29 | $170.82 | -86.95% |
Sommelier price prediction
What will the price of SOMM be in 2025?
Based on SOMM's historical price performance prediction model, the price of SOMM is projected to reach $0.05776 in 2025.
What will the price of SOMM be in 2030?
In 2030, the SOMM price is expected to change by -14.00%. By the end of 2030, the SOMM price is projected to reach $0.08430, with a cumulative ROI of +305.85%.
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Popular Sommelier conversions
Check out these popular currency conversions of Sommelier to several fiat currencies.
Sommelier to USD
1 SOMM to $ 0.02229 USD
Sommelier to GBP
1 SOMM to £ 0.01770 GBP
Sommelier to EUR
1 SOMM to € 0.02128 EUR
Sommelier to KRW
1 SOMM to ₩ 31.23 KRW
Sommelier to CAD
1 SOMM to $ 0.03114 CAD
Sommelier to AUD
1 SOMM to $ 0.03420 AUD
Sommelier to JPY
1 SOMM to ¥ 3.44 JPY
Sommelier to BRL
1 SOMM to R$ 0.1297 BRL
Sommelier to CNY
1 SOMM to ¥ 0.1616 CNY
Sommelier to TWD
1 SOMM to NT$ 0.7264 TWD
Popular cryptocurrencies to QAR
Explore other cryptocurrencies based on your interest in Sommelier.
MAD to QAR
1 MAD to ر.ق -- QAR
XRP to QAR
1 XRP to ر.ق 5.08 QAR
EGO to QAR
1 EGO to ر.ق 0.07322 QAR
Sharpe AI to QAR
1 SAI to ر.ق 0.1289 QAR
Solana to QAR
1 SOL to ر.ق 943.88 QAR
Bitcoin to QAR
1 BTC to ر.ق 358,502.5 QAR
Dogecoin to QAR
1 DOGE to ر.ق 1.42 QAR
Pepe to QAR
1 PEPE to ر.ق 0.{4}7509 QAR
Peanut the Squirrel to QAR
1 PNUT to ر.ق 4.74 QAR
Sui to QAR
1 SUI to ر.ق 12.94 QAR
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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 Sommelier and QAR.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Sommelier and QAR. 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 Sommelier in QAR, 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.
