Convert Australian Dollar to Saudi Riyal
Please provide values below to convert Australian Dollar [AUD] to Saudi Riyal [SAR], or Convert Saudi Riyal to Australian Dollar.
How to Convert Australian Dollar to Saudi Riyal
1 AUD = 0.407786666666667 SAR
Example: convert 15 AUD to SAR:
15 AUD = 15 × 0.407786666666667 SAR = 6.1168 SAR
Australian Dollar to Saudi Riyal Conversion Table
| Australian Dollar | Saudi Riyal |
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Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.
Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.