Convert Saudi Riyal to Australian Dollar
Please provide values below to convert Saudi Riyal [SAR] to Australian Dollar [AUD], or Convert Australian Dollar to Saudi Riyal.
How to Convert Saudi Riyal to Australian Dollar
1 SAR = 2.45226262097829 AUD
Example: convert 15 SAR to AUD:
15 SAR = 15 × 2.45226262097829 AUD = 36.7839393146743 AUD
Saudi Riyal to Australian 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.
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.