Convert Saudi Riyal to Maldivian Rufiyaa
Please provide values below to convert Saudi Riyal [SAR] to Maldivian Rufiyaa [MVR], or Convert Maldivian Rufiyaa to Saudi Riyal.
How to Convert Saudi Riyal to Maldivian Rufiyaa
1 SAR = 0.242903965488205 MVR
Example: convert 15 SAR to MVR:
15 SAR = 15 × 0.242903965488205 MVR = 3.64355948232307 MVR
Saudi Riyal to Maldivian Rufiyaa Conversion Table
| Saudi Riyal | Maldivian Rufiyaa |
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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.
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.