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The Reserve Bank to Omani Rial (PENNIES to OMR)

PENNIES to OMR Converter and calculator

PENNIES/OMR: 1 PENNIES = 0.{4}1163 OMR. The price of converting 1 The Reserve Bank (PENNIES) to Omani Rial (OMR) is 0.{4}1163 OMR today.
PENNIES
PENNIES
OMR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides PENNIES to OMR real-time exchange rates, making it easy to convert The Reserve Bank (PENNIES) to Omani Rial (OMR). The conversion result is based on real-time data. The conversion result shows that 1 PENNIES is currently valued at 0.{4}1163 OMR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 PENNIES is currently valued at 0.{4}1163 OMR, which means buying 5 PENNIES would cost 0.{4}5817 OMR. Similarly, ر.ع.1 OMR can be converted to 85,959.02 PENNIES, and ر.ع.50 OMR can be converted to 429,795.11 PENNIES, excluding any platform or gas fees.

Convert PENNIES to OMR

Convert OMR to PENNIES

The Reserve Bank
Omani Rial
1 PENNIES
0.{4}1163  OMR
Exchange 1 PENNIES for 0.{4}1163 OMR
2 PENNIES
0.{4}2327  OMR
Exchange 2 PENNIES for 0.{4}2327 OMR
5 PENNIES
0.{4}5817  OMR
Exchange 5 PENNIES for 0.{4}5817 OMR
10 PENNIES
0.0001163  OMR
Exchange 10 PENNIES for 0.0001163 OMR
20 PENNIES
0.0002327  OMR
Exchange 20 PENNIES for 0.0002327 OMR
50 PENNIES
0.0005817  OMR
Exchange 50 PENNIES for 0.0005817 OMR
100 PENNIES
0.001163  OMR
Exchange 100 PENNIES for 0.001163 OMR
200 PENNIES
0.002327  OMR
Exchange 200 PENNIES for 0.002327 OMR
500 PENNIES
0.005817  OMR
Exchange 500 PENNIES for 0.005817 OMR
1000 PENNIES
0.01163  OMR
Exchange 1000 PENNIES for 0.01163 OMR
5000 PENNIES
0.05817  OMR
Exchange 5000 PENNIES for 0.05817 OMR
10000 PENNIES
0.1163  OMR
Exchange 10000 PENNIES for 0.1163 OMR
In the table above, you'll find a comprehensive PENNIES to OMR converter that shows the value of The Reserve Bank in Omani Rial across commonly used conversion amounts. The list covers conversions from 1 PENNIES to OMR, all the way up to 10000 PENNIES, providing a clear view of their respective values.
Omani Rial
The Reserve Bank
1 OMR
85,959.02 PENNIES
Exchange 1 OMR for 85,959.02 PENNIES
10 OMR
859,590.23 PENNIES
Exchange 10 OMR for 859,590.23 PENNIES
50 OMR
4,297,951.14 PENNIES
Exchange 50 OMR for 4,297,951.14 PENNIES
100 OMR
8,595,902.28 PENNIES
Exchange 100 OMR for 8,595,902.28 PENNIES
200 OMR
17,191,804.56 PENNIES
Exchange 200 OMR for 17,191,804.56 PENNIES
500 OMR
42,979,511.4 PENNIES
Exchange 500 OMR for 42,979,511.4 PENNIES
1000 OMR
85,959,022.81 PENNIES
Exchange 1000 OMR for 85,959,022.81 PENNIES
2000 OMR
171,918,045.61 PENNIES
Exchange 2000 OMR for 171,918,045.61 PENNIES
5000 OMR
429,795,114.03 PENNIES
Exchange 5000 OMR for 429,795,114.03 PENNIES
10000 OMR
859,590,228.05 PENNIES
Exchange 10000 OMR for 859,590,228.05 PENNIES
50000 OMR
4,297,951,140.26 PENNIES
Exchange 50000 OMR for 4,297,951,140.26 PENNIES
100000 OMR
8,595,902,280.53 PENNIES
Exchange 100000 OMR for 8,595,902,280.53 PENNIES
In the table above, you'll find a comprehensive OMR to PENNIES converter that shows the value of Omani Rial in The Reserve Bank across commonly used conversion amounts. The list covers conversions from 1 OMR to PENNIES, all the way up to 100000 OMR, providing a clear view of their respective values.

PENNIES to OMR chart

PENNIES/OMR: 1 PENNIES = 0.{4}1163 OMR; 2026/02/24 02:42:15
In the past 1D, The Reserve Bank has changed +229.25% to OMR. Based on the trend and price charts, The Reserve Bank(PENNIES) has changed +229.25% to OMR while Omani Rial(OMR) has changed % to PENNIES in the last 24 hours.
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PENNIES to OMR conversion data: Volatility and price changes of The Reserve Bank in OMR

The highest The Reserve Bank price in OMR over the past 7 days was 0.{4}1988 OMR while the lowest The Reserve Bank price in OMR over the past 7 days was 0.{5}4291 OMR. The relative change between the highs and lows in The Reserve Bank price in OMR over the last 7 days indicates a volatility of %. You can view additional volatility data and PENNIES to OMR 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.{4}1988 OMR
0.{4}1988 OMR
0.{4}1988 OMR
0.{4}1988 OMR
Low
0.{5}4291 OMR
0.{5}4291 OMR
0.{5}4291 OMR
0.{5}4291 OMR
Average
0 OMR
0 OMR
0 OMR
0 OMR
Volatility
%
%
%
%
Change
+229.25%
+242.80%
+78.10%
+142.17%

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The Reserve Bank information

PENNIES to OMR market statistics

PENNIES/OMR:
ر.ع.0.{4}1163
PENNIES 24h volume:
ر.ع.10,198.85
PENNIES market cap:
--
PENNIES circulating supply:
0 PENNIES

Current PENNIES to OMR exchange rate

The Reserve Bank to Omani Rial is rising this week.
The Reserve Bank's current market price is ر.ع.0.--1163 per PENNIES, with a total market cap of ر.ع.0 OMR based on a circulating supply of {4} PENNIES. The trading volume of The Reserve Bank has changed by +1572.22% (ر.ع.9,588.95 OMR) in the last 24 hours. Last trading day, PENNIES's trading volume was ر.ع.609.9.

More info about The Reserve Bank on Bitget

Omani Rial 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.

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

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How to convert PENNIES to OMR

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PENNIES to OMR Conversion tables

The exchange rate of The Reserve Bank is increasing.
The exchange rate of 1 PENNIES to Omani Rial has changed by +242.80% in the last 7 days. In the last 24 hours, the rate has fluctuated by +229.25%, reaching a high of 0.{4}1988 OMR and a low of 0.{5}4291 OMR . One month ago, the value of 1 PENNIES was ر.ع.-0.{6}6625 OMR , which represents a +78.10% change from its current value. Over the last year, The Reserve Bank has changed by
+ر.ع.
0.{4}1230OMR
, resulting in a change of 0.00% in its value.
24 hours ago1 month ago1 year ago
Amount 02:42 am today 24 hours ago 24h change
0.5 PENNIES
ر.ع.0.{5}5817ر.ع.-0.{7}1737
+229.25%
1 PENNIES
ر.ع.0.{4}1163ر.ع.-0.{7}3474
+229.25%
5 PENNIES
ر.ع.0.{4}5817ر.ع.-0.{6}1737
+229.25%
10 PENNIES
ر.ع.0.0001163ر.ع.-0.{6}3474
+229.25%
50 PENNIES
ر.ع.0.0005817ر.ع.-0.{5}1737
+229.25%
100 PENNIES
ر.ع.0.001163ر.ع.-0.{5}3474
+229.25%
500 PENNIES
ر.ع.0.005817ر.ع.-0.{4}1737
+229.25%
1000 PENNIES
ر.ع.0.01163ر.ع.-0.{4}3474
+229.25%

PENNIES to OMR FAQ

How much is 1 The Reserve Bank in OMR?
Right now, the price of 1 The Reserve Bank (PENNIES) in Omani Rial (OMR) is ر.ع.0.{4}1163.
How much PENNIES can I buy for 1 OMR?
Based on the current exchange rate, you can get 85,959.02 PENNIES for 1 OMR.
How do I calculate or convert PENNIES to OMR?
You can use our PENNIES to OMR calculator at the top of this page to convert any amount of PENNIES to OMR. We've also included quick-reference tables for the most popular conversions. For example, 5 OMR is equivalent to 429,795.11 PENNIES, while 5 PENNIES will cost around 0.{4}5817OMR.
What is the highest price of PENNIES/OMR in history?
The all-time high price of 1 PENNIES in OMR is ر.ع.0.{4}1988. It remains to be seen if the value of 1 PENNIES/OMR will exceed the current all-time high.
What is the price trend of The Reserve Bank in OMR?
Over the past 7 days, the exchange rate of The Reserve Bank (PENNIES) has gone up by 242.80%.   Over the last month, the exchange rate of The Reserve Bank (PENNIES) has gone up by 78.10% against Omani Rial (OMR).

What factors influence the conversion rate of PENNIES to OMR?

There are many factors that affect the relationship between The Reserve Bank 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 PENNIES/OMR. When there is positive news in the market about the widespread adoption of PENNIES or major technological breakthroughs, it tends to trigger market optimism and drive the rise of PENNIES/OMR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in PENNIES/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.
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 PENNIES/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 The Reserve Bank 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 The Reserve Bank currency pairs: PENNIES to US Dollar (USD), PENNIES to Euro (EUR), PENNIES to Pound Sterling (GBP), PENNIES to Canadian Dollar (CAD), PENNIES to Indian Rupee (INR), PENNIES to Pakistani Rupee (PKR), PENNIES to Brazilian Real (BRL), PENNIES to…
The price of The Reserve Bank in the US is $0.C$0.{4}41443026 USD. Additionally, The Reserve Bank’s price is €0.{4}2566 EUR in the eurozone, £0.{4}2242 GBP in the UK, {4} CAD in Canada, ₹0.002754 INR in India, ₨0.008435 PKR in Pakistan, R$0.0001565 BRL in Brazil, and more.
The most popular The Reserve Bank currency pair is the PENNIES to Omani Rial(OMR). The price of 1 The Reserve Bank (PENNIES) in Omani Rial (OMR) is ر.ع.0.{4}1163.

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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.
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