Convert Maldivian Rufiyaa to Saudi Riyal
Please provide values below to convert Maldivian Rufiyaa [MVR] to Saudi Riyal [SAR], or Convert Saudi Riyal to Maldivian Rufiyaa.
How to Convert Maldivian Rufiyaa to Saudi Riyal
1 MVR = 4.11685333333333 SAR
Example: convert 15 MVR to SAR:
15 MVR = 15 × 4.11685333333333 SAR = 61.7528 SAR
Maldivian Rufiyaa to Saudi Riyal Conversion Table
| Maldivian Rufiyaa | Saudi Riyal |
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Maldivian Rufiyaa
The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, used for all monetary transactions within the country.
History/Origin
Introduced in 1981, the Maldivian Rufiyaa replaced the Maldivian Rupee at par, and has since been the nation's standard currency, with various banknotes and coins issued over the years.
Current Use
The MVR is widely used across the Maldives for daily transactions, tourism, and trade, and is managed by the Maldives Monetary Authority.
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.