Understanding the exchange rate between SNORT (SNORT) and the Sri Lankan Rupee (LKR) is essential for anyone involved in cryptocurrency transactions. This guide provides a detailed overview of the current conversion rates, market trends, and practical information for exchanging these currencies.
Current SNORT to LKR Exchange Rate
The live conversion rate for SNORT to LKR is constantly updated to reflect real-time market conditions. As of the latest data, the exchange rate stands at:
- 1 SNORT = 0.03983 LKR
This means that for every SNORT token you hold, its value is equivalent to approximately 0.03983 Sri Lankan Rupees. It is crucial to remember that cryptocurrency prices are highly volatile. The rate can change significantly within minutes, so always verify the latest price before completing any transaction.
Quick Conversion Reference
To help you quickly estimate values, here is a handy reference table for common SNORT amounts:
| SNORT Amount | Equivalent in LKR |
|---|---|
| 0.5 SNORT | 0.01991 LKR |
| 1 SNORT | 0.03983 LKR |
| 5 SNORT | 0.1991 LKR |
| 10 SNORT | 0.3983 LKR |
| 50 SNORT | 1.99 LKR |
| 100 SNORT | 3.98 LKR |
| 500 SNORT | 19.91 LKR |
| 1000 SNORT | 39.83 LKR |
These conversions are based on the current live rate and do not include any potential platform trading fees or network charges, which would affect the final amount received.
SNORT to LKR Price Charts and Historical Data
Analyzing historical data helps understand market trends and volatility. Over recent periods, the SNORT to LKR pair has shown the following performance:
| Period | High | Low | Change |
|---|---|---|---|
| Past 24 Hours | 0.01344 LKR | 0.01320 LKR | +1.83% |
| Past 7 Days | 0.01379 LKR | 0.01320 LKR | -2.54% |
| Past 30 Days | 0.01719 LKR | 0.01320 LKR | -20.57% |
| Past 90 Days | 0.08684 LKR | 0.01320 LKR | -45.85% |
This data indicates significant volatility. The price increased by over 1.8% in the last day but has decreased over the longer weekly, monthly, and 90-day periods. Monitoring these charts is key to making informed decisions.
Understanding the Sri Lankan Rupee (LKR)
The Sri Lankan Rupee (LKR), symbolized as Rs, is the official currency of Sri Lanka. It was introduced in 1885 and represents the nation's rich cultural heritage and evolving economic landscape. The designs on LKR banknotes and coins often feature the country's diverse wildlife, historical landmarks, and significant figures, serving as a testament to its national identity.
Economically, the LKR is central to Sri Lanka's trade, which is heavily based on exports like tea, rubber, and coconuts, alongside growing sectors like tourism and remittances from overseas workers. The Central Bank of Sri Lanka manages the currency, implementing monetary policies to maintain stability, which is vital for economic confidence and attracting foreign investment.
How to Convert SNORT to LKR
Converting SNORT tokens to Sri Lankan Rupees typically involves a few steps, as direct pairs may not always be available on all platforms. A common method is to first convert SNORT to a stablecoin like USDT on a spot market and then cash out the USDT to LKR through a peer-to-peer (P2P) platform or a supported exchange.
For a streamlined experience, using a dedicated crypto exchange can simplify the process. These platforms offer integrated calculators and trading pairs to facilitate conversions. 👉 Check real-time conversion tools for the most current rates and available trading options.
Market Overview for SNORT
SNORT's current market metrics provide context for its value. With a circulating supply that is not specified, the token's fully diluted market capitalization stands at 0 LKR. Trading volume for SNORT can be highly variable; data indicated a 100% decrease in the 24-hour volume prior to the last update, highlighting the asset's volatility and potentially lower liquidity compared to major cryptocurrencies.
Frequently Asked Questions
What is the current price of 1 SNORT in LKR?
The current price of 1 SNORT is approximately 0.03983 Sri Lankan Rupees (LKR). This rate is subject to frequent change due to market volatility.
How many SNORT can I buy with 1 LKR?
Based on the current exchange rate, 1 LKR can buy you approximately 25.11 SNORT tokens. This calculation is derived from the inverse of the current price (1 / 0.03983).
How do I calculate the conversion from SNORT to LKR?
You can calculate the conversion by multiplying the amount of SNORT you have by the current SNORT/LKR exchange rate. For example, 5 SNORT multiplied by 0.03983 LKR equals 0.1991 LKR. Using an online converter tool is recommended for accuracy.
What was the all-time high for SNORT in LKR?
According to historical data, the all-time high price for SNORT was 2.51 LKR. The current price is significantly lower than this peak value.
Why is the SNORT to LKR exchange rate so volatile?
Like most cryptocurrencies, SNORT's price is influenced by overall market sentiment, trading volume, liquidity, project-specific news, and broader economic factors affecting both crypto and fiat markets. The LKR's value against other currencies also plays a role.
What is the best way to stay updated on SNORT prices?
The best way to stay updated is to use a reliable cryptocurrency tracking website or exchange platform that provides real-time price charts, alerts, and market analysis for the SNORT/LKR pair. 👉 Explore more strategies for tracking crypto assets effectively.