Convert Malaysian Ringgit to Saudi Riyal
Please provide values below to convert Malaysian Ringgit [MYR] to Saudi Riyal [SAR], or Convert Saudi Riyal to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Saudi Riyal
1 MYR = 1.12837333333333 SAR
Example: convert 15 MYR to SAR:
15 MYR = 15 × 1.12837333333333 SAR = 16.9256 SAR
Malaysian Ringgit to Saudi Riyal Conversion Table
| Malaysian Ringgit | Saudi Riyal |
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Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.
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.