Convert Saudi Riyal to New Zealand Dollar
Please provide values below to convert Saudi Riyal [SAR] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Saudi Riyal.
How to Convert Saudi Riyal to New Zealand Dollar
1 SAR = 2.24685440383463 NZD
Example: convert 15 SAR to NZD:
15 SAR = 15 × 2.24685440383463 NZD = 33.7028160575195 NZD
Saudi Riyal to New Zealand Dollar Conversion Table
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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.
New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.