Convert Saint Helena Pound to Saudi Riyal
Please provide values below to convert Saint Helena Pound [SHP] to Saudi Riyal [SAR], or Convert Saudi Riyal to Saint Helena Pound.
How to Convert Saint Helena Pound to Saudi Riyal
1 SHP = 0.197413333333333 SAR
Example: convert 15 SHP to SAR:
15 SHP = 15 × 0.197413333333333 SAR = 2.9612 SAR
Saint Helena Pound to Saudi Riyal Conversion Table
| Saint Helena Pound | Saudi Riyal |
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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.
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.