Convert Saudi Riyal to Canadian Dollar
Please provide values below to convert Saudi Riyal [SAR] to Canadian Dollar [CAD], or Convert Canadian Dollar to Saudi Riyal.
How to Convert Saudi Riyal to Canadian Dollar
1 SAR = 2.75229357798165 CAD
Example: convert 15 SAR to CAD:
15 SAR = 15 × 2.75229357798165 CAD = 41.2844036697248 CAD
Saudi Riyal to Canadian Dollar Conversion Table
| Saudi Riyal | Canadian Dollar |
|---|
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.
Canadian Dollar
The Canadian Dollar (CAD) is the official currency of Canada, used as the country's primary medium of exchange and store of value.
History/Origin
The Canadian Dollar was introduced in 1858, replacing the Canadian pound, and has since evolved into a stable currency, with its value influenced by Canada's economic policies and global markets.
Current Use
Today, the CAD is widely used in Canada for everyday transactions, international trade, and as a reserve currency, with its value fluctuating based on economic conditions and currency markets.