Convert Nigerian Naira to Saudi Riyal
Please provide values below to convert Nigerian Naira [NGN] to Saudi Riyal [SAR], or Convert Saudi Riyal to Nigerian Naira.
How to Convert Nigerian Naira to Saudi Riyal
1 NGN = 408.18744 SAR
Example: convert 15 NGN to SAR:
15 NGN = 15 × 408.18744 SAR = 6122.8116 SAR
Nigerian Naira to Saudi Riyal Conversion Table
| Nigerian Naira | Saudi Riyal |
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Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.
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.