Convert Saudi Riyal to Saint Helena Pound
Please provide values below to convert Saudi Riyal [SAR] to Saint Helena Pound [SHP], or Convert Saint Helena Pound to Saudi Riyal.
How to Convert Saudi Riyal to Saint Helena Pound
1 SAR = 5.06551398081859 SHP
Example: convert 15 SAR to SHP:
15 SAR = 15 × 5.06551398081859 SHP = 75.9827097122788 SHP
Saudi Riyal to Saint Helena Pound 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.
Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.