Convert Saudi Riyal to Philippine Peso
Please provide values below to convert Saudi Riyal [SAR] to Philippine Peso [PHP], or Convert Philippine Peso to Saudi Riyal.
How to Convert Saudi Riyal to Philippine Peso
1 SAR = 0.0658561385823895 PHP
Example: convert 15 SAR to PHP:
15 SAR = 15 × 0.0658561385823895 PHP = 0.987842078735843 PHP
Saudi Riyal to Philippine Peso Conversion Table
| Saudi Riyal | Philippine Peso |
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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.
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.