Convert Swedish Krona to Saudi Riyal
Please provide values below to convert Swedish Krona [SEK] to Saudi Riyal [SAR], or Convert Saudi Riyal to Swedish Krona.
How to Convert Swedish Krona to Saudi Riyal
1 SEK = 2.54514666666667 SAR
Example: convert 15 SEK to SAR:
15 SEK = 15 × 2.54514666666667 SAR = 38.1772 SAR
Swedish Krona to Saudi Riyal Conversion Table
| Swedish Krona | Saudi Riyal |
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Swedish Krona
The Swedish Krona (SEK) is the official currency of Sweden, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Swedish Krona was introduced in 1873, replacing the Riksdaler. It was initially pegged to gold and later transitioned to a floating exchange rate system. The currency has undergone various reforms, including decimalization in 1874 and modernization efforts in the 20th and 21st centuries.
Current Use
Today, the Swedish Krona is widely used across Sweden for all financial transactions, including cash, digital payments, and banking, and is recognized as a stable and integral part of the country's economy.
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.