Convert Norwegian Krone to Saudi Riyal
Please provide values below to convert Norwegian Krone [NOK] to Saudi Riyal [SAR], or Convert Saudi Riyal to Norwegian Krone.
How to Convert Norwegian Krone to Saudi Riyal
1 NOK = 2.69648 SAR
Example: convert 15 NOK to SAR:
15 NOK = 15 × 2.69648 SAR = 40.4472 SAR
Norwegian Krone to Saudi Riyal Conversion Table
| Norwegian Krone | Saudi Riyal |
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Norwegian Krone
The Norwegian Krone (NOK) is the official currency of Norway, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Norwegian Krone was introduced in 1875, replacing the Norwegian Speciedaler, and has undergone various reforms, including decimalization in 1875 and decimal standardization in 1963. It has been Norway's official currency since then.
Current Use
The NOK is actively used in Norway for all financial transactions, including banking, commerce, and international trade. It is also traded on the foreign exchange market and is considered a stable currency within the region.
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.