Convert New Zealand Dollar to Saudi Riyal
Please provide values below to convert New Zealand Dollar [NZD] to Saudi Riyal [SAR], or Convert Saudi Riyal to New Zealand Dollar.
How to Convert New Zealand Dollar to Saudi Riyal
1 NZD = 0.445066666666667 SAR
Example: convert 15 NZD to SAR:
15 NZD = 15 × 0.445066666666667 SAR = 6.676 SAR
New Zealand Dollar to Saudi Riyal Conversion Table
| New Zealand Dollar | Saudi Riyal |
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New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.
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.