Global currencies’ exchange rate do change from time to time due to various economic indicators. Saudi Arabia Riyal (SAR) is not an exception to these indicators.
SAR is pegged to the US dollar at a constant exchange rate. SAR has been the official currency of Kingdom of Saudi Arabia since the Gulf nation was first established. In 2003, SAR was officially pegged to the US dollar at the exchange rate of 1 USD = 3.75 SAR.
Saudi Riyal Banknotes
SAR banknotes are: 1, 5, 10, 20, 50, 100, 200, 500 riyals.
Currency exchange rate is the value of one country’s currency with respect to other currency or the rate at which one currency will be exchanged for another.
Therefore, it is extremely significant for a regular traveller outside/inside the Kingdom of Saudi Arabia or a visitor/tourist or a pilgrim to compare the currency exchange rate in the Kingdom with other world currencies. This will help them to make wise decisions when they want to buy or sell SAR.
Below is a compiled list of all major currencies and compared them with the current currency exchange rate in Kingdom of Saudi Arabia.
|One Pound to Saudi Arabia Riyal
|Pound Sterling GBP
|United Arab Emirates Dirham