Saudi Arabia rate of exchange
Saudi Arabia rate of exchange

Related Indicators for Saudi Arabia rate of exchange against USD, Convert Egyptian Pounds (EGP) and Saudi Riyals (SAR).

Welcome to the page of Saudi Riyal (SAR) rate of exchange (Saudi Arabian Riyal Currency Conversion).

Currency rate of exchange Conversion Calculator, Saudi Arabia's rate of exchange against USD.

Saudi Arabia's rate of exchange against USD data is updated monthly.

The data reached an all-time high of 4.500 in Nov 1971 and a record low of three .301 in Oct 1978.

extends history for monthly average rate of exchange against USD.

Saudi Arabian Monetary Authority provides average rate of exchange against USD.

Exchange Rate against USD before June 1996 is sourced from the International fund , The official currency of Kingdom of Saudi Arabia is Riyal.

Riyal has remained the currency even before the name Saudi Arabia came into existence.

Besides the dominion of Saudi Arabia , Riyal has remained the currency of the dominion of Hejaz for the period of time 1916 to 1925.

This currency convertor is up so far with exchange rates, The Saudi Riyal is that the currency in Saudi Arabia (SA, SAU).

The Saudi Riyal is additionally referred to as the Saudi Rial, The symbol for SAR are often written SRls.

The Saudi Riyal is split into 100 halalat, The rate of exchange for the Saudi Riyal.

The SAR factor has 6 significant digits, The short sort of Saudi Riyal is SR.

One riyal equals 100 halalas, Like most of the currencies, Saudi Riyal is additionally pegged to US Dollar currently at the speed 1 USD equals 3.75 SR.

Exchange Rates of SAR to all or any currencies

Because of the religious connection, the ties between the dominion of Saudi Arabia and Islamic Republic of Pakistan have always remained very cordial and obliging.

Pakistan is taken into account to be Saudi Arabia’s closest Muslim ally, an outsized number of Pakistani’s throughout the year keep visiting the holy cities of Mecca and Medina.

Saudi Arabia has also bestowed Pakistan tons of aid in educational and non secular sector.

It has been aiding Pakistan in construction of multiple mosques and madrassas.

The famous Faisal Mosque of Islamabad was named after King Faisal of Saudi Arabia .

Even the town Lyallpur was named Faisalabad in 1977, within the honor of King Faisal.

The rate of exchange in Pakistan for Saudi Riyal may be a lot but it's still much but many of high valued currencies like Dollar and Euro.

In the previous years the rate of exchange between PKR and SAR was as low as 1 SAR equaled 22.19 PKR.

Today the SAR to PKR rate is Rs. 43.5. With passing years it's kept on increasing in numbers giving a troublesome time to Pakistan’s economy.

Majority of the petroleum in Pakistan is imported from Saudi Arabia and taking under consideration that rate of exchange is increasing, not only the worth of fuel is escalating but costs of other things related to it like clothing, food etc also are multiplying in numbers.

Consequently trade relations would improve resulting in lowering of currency exchange rates.

Today Riyal Rate in Pakistan is Rs. 43.5, yesterday rate was Rs, History of KSA Riyal to Pakistan Rupee of last 30 days is given on this page.

History of Saudi Riyal

Before 1925, the worth of Saudi riyal was tied to twenty Ottoman Kurus coin that the term Qirsh was utilized in Arabic. First time in 1935, coins were supplied within the kingdom because the official currency.

Till 1960, one Riyal remained like 20 qirsh. In 1963, the term ‘Halala’ surfaced and 1 Riyal equaled to 100 halalas at that point .

Saudi Arabian Monetary Agency took an initiative back in 1953, where they began to issue the Hajj Pilgrims receipts for 10 Riyals.

Later on in 1954 and 1956, the agency started issuing 1 and 5 Riyals also .

These receipts resembled the first bank notes and were introduced solely for the convenience of Hajj Pilgrims who had to urge their currency exchanged.

Currency Profile

The currency code known globally for Saudi Riyal is SAR, Symbol for the currency is Riyal.

Like AED, the foremost in demand rate of exchange for Saudi Riyal is in Indian rupee i.e. SR to INR since Indians structure the most important population of expatriates within the Kingdom of Saudi Arabia .

so the money conversion between SAR and INR keeps on happening in exchange markets and on money exchange stalls.

The bank liable for keeping the flow of Saudi Riyal getting into local and international exchange markets is Saudi Monetary Agency.

Riyal Bank notes mostly used are 1 Riyal, 5 Riyal, 10 Riyal, 20 Riyal, 50 Riyal, 100 Riyal and 500 Riyal, The rate of inflation of Saudi Riyal is - 0.20%.

Coins frequently employed by the locals and travelers are 5 halala, 10 halala, 25 halala, 50 halala, 100 halala, 1 riyal and a couple of riyal.