Convert Saudi Riyal to Peruvian Nuevo Sol
Please provide values below to convert Saudi Riyal [SAR] to Peruvian Nuevo Sol [PEN], or Convert Peruvian Nuevo Sol to Saudi Riyal.
How to Convert Saudi Riyal to Peruvian Nuevo Sol
1 SAR = 1.05405177502319 PEN
Example: convert 15 SAR to PEN:
15 SAR = 15 × 1.05405177502319 PEN = 15.8107766253478 PEN
Saudi Riyal to Peruvian Nuevo Sol Conversion Table
| Saudi Riyal | Peruvian Nuevo Sol |
|---|
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.
Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.