Convert Saudi Riyal to South Korean Won
Please provide values below to convert Saudi Riyal [SAR] to South Korean Won [KRW], or Convert South Korean Won to Saudi Riyal.
How to Convert Saudi Riyal to South Korean Won
1 SAR = 0.00271233770817734 KRW
Example: convert 15 SAR to KRW:
15 SAR = 15 × 0.00271233770817734 KRW = 0.0406850656226602 KRW
Saudi Riyal to South Korean Won Conversion Table
| Saudi Riyal | South Korean Won |
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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.
South Korean Won
The South Korean Won (KRW) is the official currency of South Korea, used for all monetary transactions within the country.
History/Origin
The Won was first introduced in 1945, replacing the Korean yen. It has undergone several redenominations and reforms, with the current form established in 1962 to stabilize the economy after periods of inflation.
Current Use
Today, the South Korean Won is widely used in South Korea for everyday transactions, banking, and international trade, and is managed by the Bank of Korea.